1. Can a dissolved or defunct corporation sue to collect an alleged debt?
2. If an entity sues as a corporation but, in fact, it is not a corporation, is the action viable?
Q. 1. Can a dissolved or defunct corporation sue to collect an alleged debt?
A. Generally, yes. A corporation that is dissolved has the ability to wind-down its affairs. Part of this process is collecting on receivables and the payment of outstanding debt.
Q. 2. If an entity sues as a corporation but, in fact, it is not a corporation, is the action viable?
A. Generally, yes. However, the question is so broad that it is hard to give a specific answer.
Mike.
Q. 1. Can a dissolved or defunct corporation sue to collect an alleged debt?
A. Generally, yes. A corporation that is dissolved has the ability to wind-down its affairs. Part of this process is collecting on receivables and the payment of outstanding debt.
Q. 2. If an entity sues as a corporation but, in fact, it is not a corporation, is the action viable?
A. Generally, yes. However, the question is so broad that it is hard to give a specific answer.
Mike.
