I received an email asking for payment on a check issued in 2004 by a now-sold business (corporation - sold 2007). The sender said it had been misplaced and her business was also no longer in operation. She attached a pdf of the check and asked for payment. That account is closed and the business disbanded. Isn't she out-of-luck on this $90? It is not a payroll check, nor do I know for what it is.
Untitled
Whether the corporation you sold owes the funds to the payee of the misplaced check is a matter of state law. Five or more years have passed, and the debt may have been extinguished by the passage of time.
Regardless of whether the claim is valid, however, it's not your problem. You should inform the correspondent that the corporation that owed the debt was sold in 2007, and that she should contact the current corporate offices concerning her claim. Give her whatever contact information you have.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.