Anyone know what happens to an S-Corporation's accounts receivable when its charter is revoked? The company won't be filing corporate bankruptcy, just closing its doors. It's severely in debt. Would the person(s) who owe the company just not owe it anymore, or do the owners of the company have any way to take on the receivable?
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What happens to company's receivables when its charter is revoked?
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What happens to company's receivables when its charter is revoked?
Filed: 03/31/08 341: 05/15/08 Discharge: 07/15/08
Do yourself a favor. Check everything I say with a bankruptcy attorney. Most attorneys will even provide a free initial consultation. In fact, it's your life, so check everything anyone says (including your attorney) for yourself!Tags: None
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