Personal Bankruptcy Forum


Author:   Hall
Date:   July 29, 2002
Question:  

My company is bankrupt, but on most of the bill of ladings and invoices from a certain creditor, the companies name and my personal name are indicated as the debtor. I have never signed any distinctive agreement of co-debtor. Am I subject to pay these bill's to the creditor?

 


From:		  

Ann Clarke, Collins Barrow Limited
Date:   July 29, 2002
Answer:   If you signed in your personal capacity on the original contract then you are liable for any corporate debts. If you signed only as a director of the corporation then you should not be personally liable for the corporate debts. You'll need to review the original credit applications.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca




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