Freddie Byrd, a well-known local entrepreneur, owned several businesses that filed for bankruptcy from 2012 to 2019. Last year, Freddie established Byrd Properties, Inc., a property maintenance business. Byrd is the sole shareholder and invested $2,500 in the company as a capital contribution. Byrd Properties, Inc. purchased 4 trucks and a building using a $250,000 loan obtained from the bank. Byrd skipped several mortgage payments on the building and was past due on the truck payments. Byrd Properties is no longer able to pay its bills. As one of Byrd's creditors, you seek to hold him personally liable for the debts of the company.

• Will you be successful in holding Byrd responsible for the company's debts? Explain why or why not.