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Attorney2020, Attorney
Category: Business Law
Satisfied Customers: 2579
Experience:  I am a practicing attorney. I have experience in business law, bankruptcy, real estate law and estates.
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In texas can a individual judgment be used to financially

Customer Question

Customer: in texas can a individual judgment be used to financially hurt your company
JA: Thanks. Can you give me any more details about your issue?
Customer: I have an issue. 14 years ago my old company with a partner was dissolved as a result of an impasse. with that, the company left many debts outstanding. I have started a new corporation, however, those debts still haunts me. the judgment against me is for a substantial amount of money. if they go after the corporation that was not a party to the judgment, can the receiver confiscate the company assets.
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Submitted: 1 year ago.
Category: Business Law
Expert:  Attorney2020 replied 1 year ago.

To confirm, the judgment is entered against an individual and not against the corporation.