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Ellen, Attorney
Category: Business Law
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Experience:  25 years of experience helping people like you.
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If a creditor gets a judgment against a C-corporation for

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If a creditor gets a judgment against a "C-corporation" for an unsecured debt, what are the options for the creditor? Can the court force the "C-corp" to sell assets? If the "C-corp" is financially struggling and is willing to work out a payment plan. The assets C-corp has is essential to carry out the daily work. Any asset sold will make the operations of the business impossible.
Submitted: 7 years ago.
Category: Business Law
Expert:  Ellen replied 7 years ago.

I worked with you yesterday. The creditor can attach the assets of the C Corp. and force the sale of those assets to satisfy the lien. In order to prevent this, the alternative is Chapter 11 bankruptcy
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