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-   -   Can starting a new corporation protect me from bad debts? (https://www.askmehelpdesk.com/showthread.php?t=581318)

  • Jun 11, 2011, 09:35 AM
    donjuanlove
    Can starting a new corporation protect me from bad debts?
    Can starting a new corporation protect me from my old bad debts?
  • Jun 11, 2011, 09:50 AM
    excon

    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

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