n's judgement on Officer's account?
10-09-2008 10:59 AM
It may have some impact depending of if this was your dad's company or if he was simply an employee. Also, how the suit was filed will be important - if it was your dad's company and not a LLC or INC then your dad would most likely automatically be heald liable.
If your dad was an employee - was he personally named as a defendant, if he was then he is liable, but there there should be a seperate verdict and judgement just for his part.
Thanks, bravo, for the response.
He is not just an employee of the corporation, he and my mother own it. It is a California Corporation. The defendant listed on the court paperwork was "Company Name/Dad's Name" in the same line. It is on the business credit report as well as the company credit report. So it sounds like there is nothing he can do???