Ask Question
Social StudiesSocial Studies
7 December, 07:14

Who is responsible for a corporations debt?

+3
Answers (1)
  1. 7 December, 08:39
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Who is responsible for a corporations debt? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In order to reduce the frequency of behaviors that are not wanted, a behaviorist will use a) rewards b) reinforcements c) punishment d) learning
Answers (1)
What is the defining feature of a progressive tax? a. A progressive tax is collected monthly, rather than yearly. b. A progressive tax is collected every year, rather than just once. c.
Answers (1)
the maltreatment of others due to their gender, sexual orientation, race, age, ethnicity, or others factors is called
Answers (1)
Which of these Gothic themes is found in Flannery O'Connor's "A Good Man Is Hard to Find"? A. obsession with the past B. damsel in distress C. social misfits D. fading beauty
Answers (1)
Select the person responsible for the following: dynamo
Answers (1)
New Questions in Social Studies
A constitutional scholar has written that the most important contribution of the nixon case is "in its reaffirmation that even the highest officer of government is not beyond the reach of the law and the courts.
Answers (1)
Kara is researching political parties in the united states. which source is likely to contain the most relevant information for kara's research?
Answers (1)
Explain the way farmers lived. How were they treated by the nobility
Answers (1)
Which theory has been accused of simply naming rather than explaining behaviors?
Answers (1)
In the 1992 election, Ross Perot's run for the presidency can be seen as: A. a splinter party B. a party serving as an extension of an individual C. a single interest party D. the creation of a new permanent party in America
Answers (1)
Home » Social Studies » Who is responsible for a corporations debt?
Sign Up Forgot Password?