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Assume a company with limited liability has one owner who controls the firm. Assume that the firm borrowed $ 1 0 , 0 0 0

Assume a company with limited liability has one owner who controls the firm. Assume that the firm borrowed $10,000 but now only has $10 in assets as a result of a market down turn. It is now time to repay the loan. The creditor wants to be repaid $10,000 plus interest. Can the creditor recover the remaining amount (over and above the $10 the firm has) due directly from the firms owner?
Yes the creditor can recover the amount due on the loan from the shareholder. .
No the creditor cannot recover the amount due on the loan from the shareholder.

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