Quote:
Originally Posted by rjm1cc
When the companies were merged all the assets and LIABILITIES of both companies are included in the new company. That is what was done. The new company is liable for any problems of the old company.
It is also possible for a company to buy some or all of the assets of a company and to assume some of the known liabilities. This probably leaves the problems you mention with the original company but I am not sure.
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I had a small corporation that owed me roughly 50,000. I discovered they were trying to sell the business. I discovered they could sell the business and simply avoid paying me and others in my same position. I sued them, I got the money owed me. I did not get my atty paid so I lost about 1/3 of what was owed.
Naive, perhaps-there is right there is wrong then there is legal.
The me too movement. What do all the guys have in common?
Deep pockets. All poor guys are saints?