Can an officer of a corporation have funds seized from a personal account for a debt owed by the corporation?
Question Details:
Eric Redman / Redman Ludwig, P.C.
Answered 1 year ago
This attorney is licensed in Indiana
View Attorney Profile
if the officer personally guaranteed the debt , or if it is trust fund tax owed by the corp and then assessed against the responsible officers and directors, then there can be personal liability. normally there waould havwe to be a lawsuit and judgment before a creditor can take funds from a bank account.