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Fri 14 May, 2004 09:21 pm
I financed the startup of a small natural health corporation in 1997; my partner operated it in Tennessee. Long story short: We had differences and parted ways in 1998 with a verbal agreement regarding compensation for my original investment, which was roughly $100,000.00 and led to a personal bancruptcy for myself (discharged in 1998). Due to illness, I have been unable, until now, to more aggressively pursue this issue of reimbursement and have learned that the business is doing well and also that my name still remains on various corporate documents listing myself as president and CEO. How am I liable and can I recoup any of my loss?
you really need to see a good lawyer - welcome
Yep, husker's got it. For any issues re liability, see a lawyer.