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Harold and Dorothy own all the shares of Ace Corporation. Robert, Aces landlord, sued Ace for unpaid rent and received a $10,000 judgement against Ace.
Harold and Dorothy own all the shares of Ace Corporation. Robert, Aces landlord, sued Ace for unpaid rent and received a $10,000 judgement against Ace. When Robert tried to collect on the judgement, he discovered that Ace had no assets. However, upon further investigation, Robert discovered that Ace Corporation was paying for Harold and Dorothys mortgage, medical bills and groceries.
Can Robert collect his judgement from Harold and Dorothy as individuals? What would that be called?
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