Corporate Debt In Bankruptcy

Summary

Corporate debts are not typically discharged in personal bankruptcy without a personal guarantee. Piercing the corporate veil in florida requires substantial evidence, such as inadequate capitalization or fraudulent use of the corporation. Corporate debts should be addressed through business bankruptcy proceedings like chapter 11 or chapter 7. Consult a local attorney for specific guidance on nondischargeable debts and court procedures.

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one debtor listed creditor for corporate debt without sign personal guarantee priece of corporate veil
It sounds like you're dealing with a situation where a debtor has listed a corporate debt in a personal bankruptcy without a personal guarantee. In Florida, piercing the corporate veil can be complex and depends on specific circumstances.
Could you share more details about the nature of the corporate debt and the relationship between the debtor and the corporation? This will help in providing more precise information.
the debtor is shareholder of this corporation
Thanks for sharing more details. Here are some key points about piercing the corporate veil in Florida:
- Courts will consider if the corporation was inadequately capitalized.
- Whether corporate formalities were followed.
- If the corporation was used for fraudulent purposes or personal business.
Do you need more details on how to address this in court?
that debt is no longer preparition debt
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To clarify, are you saying that the corporate debt has been reclassified or settled? Please provide more specific information about the current status of the debt.
no personal bankruptcy
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It seems like you're dealing with a situation involving corporate debt and personal bankruptcy. Here are some general points to consider:
- Personal bankruptcy usually does not discharge corporate liabilities without a personal guarantee.
- Piercing the corporate veil requires substantial evidence and specific circumstances.
Is there anything specific you need assistance with regarding this situation?
so debt. on nondischarge?
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In Florida, corporate debts typically cannot be discharged in personal bankruptcy if there is no personal guarantee.
Would you like more information on how to address this issue in court or any other specifics regarding nondischargeable debts?