My incorporated business has been dissolved for the past 3years. Payments to my creditors was on going until I lost my primary job of income. I have not been able to make payments. I just recently became employed and received a civil action lawsuit against the business and for the outstanding debt owed. In an attempt to work out a payment plan the law firm, representing the creditor, was asking more than what I can currently afford. Do I have any other options I could utilize at this time before this matter is taken to court? How should I respond at this time to the civil action lawsuit summons that was given to me if the law firm is unwilling to work with me based on what I can afford? Your assistance and guidance is greatly appreciated.
Thanks!
Answer
You may have badly screwed up already. If the business was properly dissolved, how is it being sued now and why were you making payments? Was there a personal guarantee? See a lawyer IMMEDIATELY as in TODAY, since lawsuits have short deadlines and you may have unknowingly hung yourself with what you have already said and done.
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