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2 Answers | Asked in Tax Law and Business Law for Delaware on
Q: Are shareholders, directors, & officers of a DE corporation personably liable for unpaid income taxes?

The taxes were assessed by Delaware for failure to file annual tax returns and reports. The assessed taxes are owed by a failed start-up.

Jeffrey "Anton" Collins
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Jeffrey "Anton" Collins pro label Lawyers, want to be a Justia Connect Pro too? Learn more ›
answered on Aug 27, 2024

No, shareholders are not liable. Not really.

One of the benefits of corporate structure is the limitation of thÿe company's lability. A shareholder will only be "liable" for corporate income tax up the amount of their investment in the company. That invested part represents...
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2 Answers | Asked in Bankruptcy for Nevada on
Q: If I come into money, should I just pay off all my debt or just declare bankruptcy

I have $133,000 in debt and my credit score is already down to 472.

W. J. Winterstein Jr.
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W. J. Winterstein Jr.
answered on Aug 26, 2024

You are eligible for a bankruptcy discharge of debt every eight years.

Use it wisely.

Without a full disclosure of your financial situation, and your prospects for future income, it is not possible to offer a recommendation of bankruptcy, or not.

A key element for you is...
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1 Answer | Asked in Consumer Law, Estate Planning and Family Law for Pennsylvania on
Q: If trustee is also POA and I'm suing the trustee, can the settlement agreement involve POA stipulations?
W. J. Winterstein Jr.
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W. J. Winterstein Jr.
answered on Aug 26, 2024

While you fail to say so. I have to assume, from your question, that your litigation involves the trustee's Power of Attorney. If so, it is highly likely that the Court would approve any reasonable settlement stipulation of the litigants, and that would extend to POA provisions,... View More

2 Answers | Asked in Bankruptcy for Alabama on
Q: What is a withdrawal of a notice to default
W. J. Winterstein Jr.
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W. J. Winterstein Jr.
answered on Aug 26, 2024

I'm currently licensed in PA, but have practiced in Georgia, OK, TX, NJ and DE, but not Alabama.

You don't say whether this Notice is in federal court, where the practice is fairly uniform in all States, or the Alabama state court. There's probably some difference....
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1 Answer | Asked in Personal Injury, Animal / Dog Law and Landlord - Tenant for Louisiana on
Q: A Pitt bull mauled me at a rental house that knew tenent had a Pitt bull tied in backyard. No fence only change.

Ok I got a lawsuit on owner of property. They have a 300.000 policy. The owner of dog got evicted and has vanished. Louisiana st . Property owner knew about Pitt and did nothing. Tenant was there 4 years . Severe attack. Anyone else dog broke chain I fought him off of me. With lots of wounds. He... View More

Randy Bryan Ligh
Randy Bryan Ligh
answered on Aug 26, 2024

It sounds like you believe you have a lawsuit but you need to attorney----if so, please use the Justia Find a Lawyer tab and search for accident/injury lawyers in your area----most lawyers in this area of practice will provide a free first consult so I recommend that you set up meetings with as... View More

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