If a corporation becomes insolvent, creditors can claim the assets of the individual owners.

Name: If a corporation becomes insolvent, creditors can claim the assets of the individual owners.
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If a corporation becomes insolvent, creditors can only claim the assets of the corporation, not the individual owners. The owners' personal assets are protected by the concept of limited liability, which means they are not personally responsible for the debts of the corporation.

If a Corporation Becomes Insolvent, Creditors Can Claim the Assets