Cellai Law Offices, P.C. is frequently asked whether it is worth pursuing a claim for outstanding accounts receivables when a company is out of business or going out of business but it can be shown or proven that the shareholder(s) or Member(s) took distributions (not wages but distributions).  The answer is a resounding yes.  Again, when the tax returns and/or financial records of a company show that the company paid distributions back to the shareholders or Member(s) without paying the just debts of the corporation or limited liability company, Cellai Law Offices, P.C. has been successful at pursuing the shareholder(s) who received the distributions or the Member(s) of the limited liability company that received the distribution(s).

Not sure if it’s worth pursing outstanding accounts receivables if the debtor is out of business or going out of business? For all your commercial debt collection questions and concerns, call the experienced attorneys at Cellai Law Office, based in Boston MA and Braintree MA, for all your Massachusetts and New England-based debt collection cases and issues.

Carlo Cellai, Esq.