Does making personal payments on a corporate debt of a corporation that has been dissolved create any personal liability for the debt?
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Does making personal payments on a corporate debt of a corporation that has been dissolved create any personal liability for the debt?
Asked on November 15, 2012 under Bankruptcy Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
While it does not automatically or necessarily create personal liability, it could be used by creditors as evidence that you personally contracted or obligated yourself to the debt (else why are you paying it?) and therefore should be held personally liable. If a creditor tries this tack, then a court would look to all the circumstances to see if it appears you were personally obligated--evidence that you made personal payments would be one thing it would consider.
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