How can I collect on a judgement if the corporation shows no assets and shows everything at a loss?

Answer 1

There is the principle of limited liability which states that the company and its shareholders are two different legal persons. This also imples that the shareholders's liability are limited to what they have invested into the company and their personal asset are not in danger of takeover by creditors incase of insolvency. However, there is what is called as "lifting of the veil of Incorporation" which means as treating the company and its directors/shareholders as one and the same person. However lifting the veil is allowed only in specific circumstances :
1. Fraudulous activites- Company is merely a sham/facade
2.Company is a mere agent of another company
3. Statutory provisions not respected
4. Public policy reasons.
If your situation can be classified in one of the above categories then you may have a valid ground for an appeal.

Answer 2

There is a way , it's called "Piercing the Corporate Veil." but you have to prove they deliverately concealed assets in order to defraud or evade creditors.
Without a lawyer who specializes in corporate law , you'll get absolutely nowhere.

Answer 3

Ah, the wonders of creative bookkeeping - you might want to bring in your own financial people to take a look at their books and financial records.

I know film production companies that are destitute on the books, and yet somehow manage to pay huge salaries, turn out films and maintain large physical plants.

Answer 4

Take physical assets, their cars/trucks/computers etc.

Answer 5

You can't - they are "judgment proof" . . .