To: Ponce de Leon County
A company or organization can’t evade state liability by switching legal domicile.
but they can, by filing bankruptcy and starting over.
28 posted on
01/15/2021 1:59:33 PM PST by
Brown Deer
(America First!)
To: Brown Deer
A company or non-profit does just get to declare bankruptcy and walk away from liabilities. A trustee will be appointed by court to recover assets and to supervise management. If fraud was perpetrated a court will remove management altogether. Corporate bankruptcy is not a blank check.
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