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Recent content by Texan1021

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    Is there a contract? If there is a contract then what will be legal compensation?

    Let me clarify. The new order was placed with specific configuration and standard PO terms-conditions. They did not accept the standard PO terms or the specs. They completely changed it and both companies communicated via emails and agreed that there will be new PO only after the management...
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    Is there a contract? If there is a contract then what will be legal compensation?

    I have been sued by one of my supplier for a PO from our LLC in Texas. They changed our terms and marked up the PO with new terms and sent it back to us. We told them we have to issue a new PO and wait until new terms are approved. But they went ahead and shipped a small shipment against the PO...
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    Does forfeited LLC needs to file bankruptcy if its seeking to avoid the law suit?

    No, its not like this. LLC is the plaintiff in the international case but the case was filed a year before LLC was dragged into a case that is based on a void contract. I am pretty sure that we can win the domestic case. There is no new LLC. I am a part of corporation with other partners now but...
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    Does forfeited LLC needs to file bankruptcy if its seeking to avoid the law suit?

    Yes, the international customer has been served and now the case has been assigned a judge but the process is very slow. Having a judgement against my old LLC is not good. I am looking for a way to have the case dropped because the LLC is forfeited or under bankruptcy. I could fight the...
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    Does forfeited LLC needs to file bankruptcy if its seeking to avoid the law suit?

    Thank you all for some valuable feedback. One reason for not wanting to file a bankruptcy is that I also have a lawsuit against an international customer. This is potentially much larger value (10x of lawsuit against me) that will be worth fighting and keeping. I guess its not confirmed that not...
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    Does forfeited LLC needs to file bankruptcy if its seeking to avoid the law suit?

    Lawsuit was made because of a purchase order that we consider invalid because of they changed the terms and did not sign it. But they claimed that they made the product and we canceled the contract. We had issue with their product and it did not meet specs. A long story. We have no valid...
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    Does forfeited LLC needs to file bankruptcy if its seeking to avoid the law suit?

    We had a small single owner LLC in Texas. A company in another state filed a lawsuit in federal court Dec 2016. LLC was inactive from June 2016 and taxes were paid in 2017 but it was forfeited in Dec 2017. We could fight the case since their case is not strong but I have no activity or revenues...

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