Paying Personal Expenses From A Corporate Account?

If you are paying personal expenses from a corporate account, you may be liable for corporate debt.

Some business owners can’t help but get in their own way. For example, take the business owner who rings up debt and uses corporate assets to pay personal expenses. They believe that status as a corporation shields them from personal liability for corporate debts.

And let’s say that you recovered a judgment against a corporation. As a judgment creditor in New York, you can subpoena their financial institution records and more. By subpoenaing the corporate bank records, you can see checks issued from the corporate account. Continue reading “Paying Personal Expenses From A Corporate Account?”

Read more...

Fraud in the Inducement: Compete Defense to Payment?

The news is filled with stories of individuals and businesses permitted to walk away from monies owed without repaying the debts. Debts legitimately owed to creditors who render services or sell goods. Why is this happening and, more importantly, could this happen to your business? Continue reading “Fraud in the Inducement: Compete Defense to Payment?”

Read more...

Judgment Enforcement: Jocelyn Nager to Speak About Practical and Procedural Aspects of Judgment Enforcement at the New York State Bar Association CLE Program

Jocelyn Nager to Speak About Practical and Procedural Aspects of Judgment Enforcement at the New York State Bar Association CLE ProgramJocelyn Nager, Esq., President of Frank, Frank, Goldstein & Nager, P.C. a certified WBE company, Highly Commended by CCR (Credit Collections & Risk) at the Credit Excellence Awards in 2013, has been chosen to speak about practical and procedural aspects of judgment enforcement. She will be speaking at the New York State Bar Association CLE Program in Westchester on June 24, 2014. Continue reading “Judgment Enforcement: Jocelyn Nager to Speak About Practical and Procedural Aspects of Judgment Enforcement at the New York State Bar Association CLE Program”

Read more...