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They didn't even lose any money, because by closing the store the damages were never paid. It's really depressing to see to be honest.
by eloisant 5mo ago
They didn't even lose any money, because by closing the store the damages were never paid.
It's really depressing to see to be honest.
- abirch 5mo agoI believe they would need to dissolve the business entity. These default judgments against them should count as debt that needs to be paid before the business is closed unless they declare bankruptcy in court and not like Michael Scott.
- benjiro3000 5mo ago[dead]
- jonlucc 5mo agoWhile this is true at the moment, closing a store and transferring its assets to another store owned by the same people could reasonably be alleged to be fraudulent transfer. The owners don't just get to keep whatever was in the store because they closed it before they paid.