Who is responsible for a corporations debt?

Answers

Answer 1

Answer: The creditors will go after the corporation's assets that is owned at the time of dissolution. This would include bank accounts, personal and or the corporation's properties. Also, any items being bought by the company for their usage like computers, vehicles, equipment, etc. may still be considered assets of the corporation and will be used to pay off the creditors.

Related Questions

A linguist studies _____. the earth, rock forms, and strata the origins of words the lives of early communities by studying artifacts the development of language early human culture and development compared to the present day
How does the last stanza reinforce the speaker's cynicism? check the three boxes that apply. the speaker evokes religious imagery to show the extent of the suffering. the final exclamation point adds emphasis to the repeated message. the speaker reveals that the world doesn't listen to his pleas. the repetition of "we wear the mask" suggests that nothing will change?
According to Maya Angelou, what is the key to maturity?a. Giving your all to your work.b. Understanding how little you know.c. Being sure of your decisions.d. Respect for your education.
A large generational divide involves the use of technology. People who are older than 65 are less likely to use technology than younger individuals. Some of this difference may be explained by a reduction in fluid intelligence that occurs as we age. What kind of barrier would describe this limitation?a. cognitiveb. psychologicalc. emotionald. physical
The ____ is a party nominating election in which any qualified voter can participate.

In a front-wheel skid, your vehiclea. tends to go to the inside of the curve.
b. usually tends to go to the right.
c. generally tends to go to the left.
d. tends to go straight.

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it tends to keep going the same way

D) it tends to go straight

Supporters of minimum wage say that it provides _____ for people with low-paying jobs.

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The correct answer to the question above would be more personal income. Supporters of minimum wage say that minimum wage will provide more personal income for the people with low-paying jobs. However, this minimum wage must be aimed to be higher to attain this theory.

The correct answer is less personal income!!

In 2005, when Hurricane Katrina hit New Orleans, some people chose to stay and keep blogs on what they were seeing in the city. What was most likely their goal

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to alert the rest of the world to the traumas that victims of a hurricane experience.

Why do you think people preferred to carry paper money instead of gold coins?

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Answer:

they are easier to carry and store because they are light weight.

Answer:

if we are talking in historical context it was a system developed for traders called flying cash and its what led to banking systems this was due to it being to heavy

Explanation:

A quota allows an unlimited number of goods to pass between countries. TRUE or FALSE

Answers

The correct answer is: FALSE.

A quota is, on the contrary, a restriction that limits the quantity or percentage of something, a required minimun. One perfect example is precisely the amount of goods to pass between countries officially allowed by the corresponding authority, it helps control the volume of goods imported or exported.

FALSEn this is the answer
hope this help

Differentiate between religious and non religious songs

Answers

Answer:

religious songs are dedicated to religious things

Explanation:

Other Questions

Goods and services intended for use by households are exchanged in?a. firms. b. households. c. input markets. d. output markets.

Famous sixth century Phoenician explorer

For most people, retirement will probably mean no change in lifestyle. a. True b. False

What was the nuclear family?a. A family owning advanced technology b. Families living in the Sunbelt c. A household consisting of a mother and father and their children d. A household containing more than two generations of a family