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I thought the personal bankruptcy laws were modified(helped by RE lobbyists) a few years back in order to make it more difficult to shed debt.
If it was corporate debt, I don't know if a corporate FOIA filing(is there such a thing?) or a estate/assets disclosure filing would find more information. If the company had recoverable property or funds they might be recoverable, but bigger creditors would have to be satisfied first.
I understand squat about the legal weight of just changing a company name, if the owner and the new business are the same. There's a slim hope a small claims judge might just throw out the protection of his corporate status, especially if he hasn't filed yearly
As with anything, the amount vs. your time and energy will be the deciding factor.
Walmart will always have baseball bat sales after the season is over.
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