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To: A Citizen Reporter

Same rules apply, as to assets of the corp. The real question is, is there another corp. in existence that was set up in the Bahamas or elsewhere off shore, and how do the laws apply if so. We don't know. Many celebs and of course business people have various corps. in various places.
My cats are tearing up the house, meaning it's lunch time! Gotta run for now.


5,466 posted on 03/19/2007 10:48:04 AM PDT by tabor
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To: tabor

I think the balance of the Corp in the USA is probably close to "0" and NEW money was shifted to the Bahamas. Her basis for the Marshall case was that she was substantially bankrupt.


5,469 posted on 03/19/2007 10:53:11 AM PDT by Sacajaweau
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To: tabor

The laws of the Bahamas changed mid-2006. Not so easy to hide from the Feds or creditors any longer. IIRC the Bahama account was frozen at $113,000 to cover a pending debt.


5,480 posted on 03/19/2007 11:11:48 AM PDT by Sacajaweau
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