Results 1 to 2 of 2
  1. #1
    Join Date
    Jan 2013
    Posts
    3

    Smile Can the Owner of a Single Member LLC Be Held Liable for its Debt

    I own and operate aN LLC company in Florida. I basically sell vehicles from New Zealand into the Caribbean. I purchase them from New Zealand dealers and ship them to Miami and then ship to various caribbean islands. On one particular transaction, my customer paid for 2 x vehicles upfront and I had to special order them for him. I located the vehicles in NZ and paid for them via a wire transfer. After a few weeks of getting the run around, I found out the company in NZ has closed and filed for bankruptcy. I do not have the funds to return to my customer in Florida just yet and I have flown to NZ to try and get a refund, but so far no luck.

    Can I be held personally accountable for this? The amount was US$12,000. Can I be arrested for theft? I am doing everything I can to get the money together for my customer.

    Any information would be greatly appreciated.

    Thanks in advance.

  2. #2
    Join Date
    Mar 2007
    Posts
    9,096

    Default Re: Can the Owner of a Single Member LLC Be Held Liable for its Debt

    Please don't double post. The volunteers here see all postings. You don't need to post the same questions several times to get a complete answer.

    1. Sponsored Links
       

Similar Threads

  1. Disputing Debts: Being Held Liable for Spouse's Debt
    By jessandmike1995 in forum Debts and Collections
    Replies: 9
    Last Post: 05-02-2012, 08:13 PM
  2. Computer Crime: Can I Be Held Liable for a Fake Bid
    By coolguy400 in forum Criminal Charges
    Replies: 2
    Last Post: 04-10-2012, 02:35 PM
  3. Business Issues: Can I Be Held Liable for Unpaid Debt with an LLC
    By ljstephens in forum Business Law
    Replies: 3
    Last Post: 01-10-2012, 02:11 PM
  4. Bankruptcy Issues: Property Owned by Single Member LLC, Owner is Facing Bankruptcy
    By neveragain in forum Bankruptcy Law
    Replies: 1
    Last Post: 03-09-2011, 09:19 PM
  5. Warrant In Debt Includes Non-Liable Family Member
    By Baughbe in forum Civil Procedure
    Replies: 2
    Last Post: 02-11-2008, 03:15 PM
 
 
Sponsored Links

Legal Help, Information and Resources