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| Debt Collection Debt collection statutes, state and federal law, etc. |
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Jan 26th, 2008, 10:40 AM
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#1 |
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bank loan
a resigned director in a corporation be liable for a bank loan he had signed during his tenure in the office.
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Jan 28th, 2008, 06:54 PM
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#2 |
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Top Level Member
Last Online:
Sep 25th, 2008 02:24 PM Join Date: Mar 2007
Posts: 450
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Re: bank loan
Yes in some cases he can be, but normally the company will have insurance for that or will indemnify him.
But he is not automatically responsible for every corp. debt... |
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Feb 1st, 2008, 11:06 AM
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#3 |
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Re: bank loan
How about if he is a guarantor , is he liable if the company failed to pay the said loan.
Thanks a lot for your reply |
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