ARTICLE
31 August 2023

What To Do If Inactive Company Gets Sued? (Podcast)

FH
FH&P Lawyers

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FH&P Lawyers is a mid-size Okanagan Valley law firm with offices in Kelowna and Penticton providing a range of legal services to commercial and private clients. We start by developing a thorough understanding of your unique circumstances and offer efficient and creative solutions in a cost effective manner.

We have deep roots - reaching back over a century in the community where we represent our clients. We have accomplished this by continually providing knowledge, experience, and value, to everyone we represent.

Episode 61 of the Law Talk Podcast with Clay Williams and Tanvir Gill delves into whether you need to respond to a lawsuit if your company has ceased doing business.
Canada Corporate/Commercial Law

Episode 61 of the Law Talk Podcast with Clay Williams and Tanvir Gill delves into whether you need to respond to a lawsuit if your company has ceased doing business. The short answer is, it depends, because every scenario is different but it is always best to bring it to your lawyer's attention to go over the options.

Is allowing the "default judgment" by not responding to a lawsuit, a mistake? Can the judgment holder use the court process to examine a director of the assets?

Did you know that even when your company is dissolved and no longer incorporated on the corporate registry, a company still exists for the purposes of litigation; for two years after it's dissolved?

If you have a company that you are dissolving or have dissolved and you've been served, or notice a civil claim has been filed, give us a call before you decide to do or not do anything!

Originally published July 11, 2023

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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