Business Owner Personally Liable To Company Creditor: Paid Himself Before Satisfying Creditor’s Judgment

Business owners of insolvent companies should be careful about who gets paid and, more importantly, who does not.  The New Jersey Appellate Division recently upheld a $78,333.91 fraudulent transfer judgment against the owner of a construction company after the owner ignored a bankruptcy trustee’s judgment against his company and then used company funds to pay […]

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