What happens if I owe money to a business that closes?
We have closed our business back 2018, Now one of our creditor now in 2023, threatening us that he proceed legal action against us? He has only the invoice, Is it sufficient to file legal action?
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Advocate By LEAD INDIA
Answered: 19 Sep 2023
It is possible for a creditor to file legal action against a closed business, even several years after the business has closed. However, the creditor must have sufficient evidence to support their claim. Contact us for further enquiry.
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