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Started By
Message
Q
Posted on 10/22/18 at 10:23 am
Posted on 10/22/18 at 10:23 am
Q
This post was edited on 5/24/19 at 2:16 am
7
Posted on 10/22/18 at 10:25 am to MrLSU
Title of the thread is off
Posted on 10/22/18 at 10:26 am to MrLSU
quote:
Michael Avenatti
Who’s this? CPL?
Posted on 10/22/18 at 10:26 am to MrLSU
Sounds like a Dem presidential candidate to me 
Posted on 10/22/18 at 10:27 am to MrLSU
As I recall, two corporations in which he is a shareholder owed significant debts, including tax debts.
Shareholders are not normally liable for the debts of a corporation.
The personal guaranty is a different kettle of fish.
Shareholders are not normally liable for the debts of a corporation.
The personal guaranty is a different kettle of fish.
Posted on 10/22/18 at 10:28 am to MrLSU
Posted on 10/22/18 at 10:29 am to MrLSU
pretty sure this has been thoroughly hashed out on this board.
Posted on 10/22/18 at 10:30 am to MrLSU
quote:
This guy is headed to a Federal Prison when this is all over and done with.
At least he can call Stormy to get some tips on how to take it in the arse
Posted on 10/22/18 at 10:33 am to AggieHank86
quote:He is the majority owner of the corporation, owning 80%. The corporation was his practice.
As I recall, two corporations in which he is a shareholder owed significant debts, including tax debts.
Shareholders are not normally liable for the debts of a corporation.
He has now formed a new corporation, and is not funneling earnings, as he was supposed to do, per court order, through the existing corporation, and satisfy the debts of the corporation.
What he's doing is going to be views by the court as fraud and he's going to go to jail over it, likely losing his license.
But he's running for president so you can wail and cry that the courts are being used for political purposes.
Posted on 10/22/18 at 10:42 am to HubbaBubba
quote:But Orange Man Bad, he bankrupt a couple companies, very unpresidential! Orange Man bad no morals. Orange man bad orangemanbad orangemanbad orangemanbadorangemanbadorangemanbadorangemanbad error error error
He is the majority owner of the corporation, owning 80%. The corporation was his practice.
He has now formed a new corporation, and is not funneling earnings, as he was supposed to do, per court order, through the existing corporation, and satisfy the debts of the corporation.
What he's doing is going to be views by the court as fraud and he's going to go to jail over it, likely losing his license.
But he's running for president so you can wail and cry that the courts are being used for political purposes.
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