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I currently have an IL Corporation. I need some capital, so (2) private investors said they will invest $20,000 each for a NEW CORPORATION. They said forming a new corporation (just the two of them as shareholders, I would be an employee--with a future purchase agreement for me after they have...

Thank You Your Honor! I greatly appreciate your response. It seems as though "Money is Power" in America. Consequently, if an individual or company think they have a bigger purse than you, they will taunt one by going beyond an agreement as is the case here. This is one example of why Sir...

My Company A (an IL Corporation) has a contract 1 with company B. Company A borrowed some money (less than $10,000) from Individual C who owns a Company C. Individual C would very much like to have the contract that Company A has with Company B. The agreement between Company A and Individual C...

I am a General Contractor. A year ago I hired a company (A) to perform sevices for my company on a project. They completed the work, invoiced my company for $20,000 and I did not pay them. (The job went sour and I lost money on the job.) I have repeatedly told them that I would pay them (I...

If a Corporation has a monetary Judgement against it and the creditor is currently litigating a Citation to Discover Assets against this Corporation, is the Corporation legally obligated to pay the creditor before paying any other creditors?