My question involves business law in the state of: Mass.
I have a corporation which is not doing well - the company owes money to a bunch of subs. The company has no money, deeply in debt. I have met with a lawyer a few times, and have agreed the best course of action is for the company to go out of business, and to file personal bankruptcy down the road if necessary.
One of my subs is suing me for non-payment. Specifically breach of contract, quantum meruit and violation of MGL chapter 93A Section 11, and he's trying to enforce a mechanic's lien at the property where the work was done (there are other parties named in the suit, but I am not personally named).
It looks like he is way outside the filing window to enforce the mechanic's lien, but I'm not sure it matters.
I don't want to have to hire an attorney to defend money I don't have, so my questions are this:
It says I have 20 days to respond - what happens if I never respond?
what happens if I don't hire an attorney and mount no defense to this suit?
Should I file Articles of Dissolution? Do I become personally liable then? If so, when? - There are still a bunch of loose ends to tie up, does that all need to be done before I file?
Any other advice?