donjuanlove
Jun 11, 2011, 09:35 AM
Can starting a new corporation protect me from my old bad debts?
excon
Jun 11, 2011, 09:50 AM
Hello don:
It's not as simple as that... If your PRESENT funds are your PERSONAL funds, as in, NOT presently corporate funds, then you CAN'T transfer then into a corporate account to AVOID paying your creditors.. That's fraud.
excon