A few years ago I started an S-Corp in the commercial interior finish out business
. I had multiple subcontractors working for this corporation
doing various skills.
In 2009 we were doing more work for one particular client than others. I knew better than to place all of my eggs in one basket, but we ended upside down with the finances because they were slow to pay.
This strained the cash flow of our company.
Long story short- we ended up having to close the offices and work out payment arrangements with the customer to finally get everyone paid as best we could. By the time we had been paid and all expenses, debts and bills were accrued for the business it was overwhelming.
I was able to pay off most of the subs and vendors
, but a couple had large balances. I tried to personally work out a payment plan with them to pay what was owed.
We had a baby due and now I had no income, so we moved to Louisiana to find work that really never worked out. I now have a job but all that i make goes to child care, utilities, gas and bills. all the while still trying to send $25 or $100 when possible.
after some years past I have now received a letter from an attorney demanding money in full for invoices that were not paid in from a subcontractor 2009.
The corporation was dissolved in 2011 showing a loss. The attorney is coming after me personally and not the corporation. I really dont have any money to fight this and needed some advise or recommendations as to how I should deal with this?