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creditor filing suit after dissolution.
04-10-2007, 07:58 PM
#1
I was a 50% partner in an "S" Corp that was dissolved after 1.5 years. We never had any profits, thus, never received money out of the business, in fact, I lost $$$$. Now after 1 year of being dissolved, a creditor (that we owed $1000.00 to) has hired an attorney that is going to recommend filing suit if the corp doesn't pay. Is this possible at this time, and will I be held responsible personally if they sue? This is in Illinois.
Thanks for any help.
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