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    litigate's Avatar
    litigate Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 29, 2008, 11:54 AM
    Business being sued in small claims
    PLEASE HELP...

    I use to own a business and am being sued in small claims... but we are no longer doing business(company closed) can I still be sued even thought we are no longer in business
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Sep 29, 2008, 11:56 AM

    Yes. But your liability depends on the type of business and how it was closed.

    Can you provide more details about the business and the nature of the suit?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Sep 29, 2008, 12:49 PM

    If you were a individual owned business than you will be personal liable for the debts and they can collect from your personal money.

    If you were a corporation then if you closed it properly your personal money may be safe ( should be)
    traceyrco's Avatar
    traceyrco Posts: 62, Reputation: -5
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    #4

    Oct 3, 2008, 08:47 PM

    Ouch! However, being small claims you have a good shot at defending yourself - unless you are in the wrong. In that case - it's better to try to settle this out of court or go to court and hope that the judge will go easy on you.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #5

    Oct 4, 2008, 07:01 AM
    Quote Originally Posted by litigate View Post
    PLEASE HELP......

    I use to own a business and am being sued in small claims..... but we are no longer doing business(company closed) can i still be sued even thought we are no longer in business

    As others have said - it depends on how the business was owned and whether the business is being sued or you are being sued individually.
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