[jman220]

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This is not a personal debt for Dutch. .....

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....What leads you to believe that this is true?

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business 101

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I think it would not be a peronal debt if the company's assets were sold to pay the creditors. Russ Boyd chose to keep the company's assets for his personal use. I think that make the debt his.

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Again, business 101 - learn what a corporation is, and you'll understand who owns the debt. This is not a defense of Boyd - who clearly screwed up - it's just a matter of getting facts straight.

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If you ever got around to business 102, and business 103, you'd have learned that there are any number of reasons why Boyd might still have been liable on that debt, and, indeed, based on the facts of this case, it sounds like he would be liable, at least under U.S. law.