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Asker
Posted about 3 years ago.

Corporations under suspended status are not legally supposed to conduct any business. Contracts entered into while a corporation is suspended can be voided by the other party. Why couldnt a settlement agreement be voided as well?

Mitchell Paul Goldstein
Mitchell Paul Goldstein, Bankruptcy Attorney - Glen Allen, VA
Posted about 3 years ago.

The issue is that you settled any claims you had against the corporation, which still exists. The settlement is legally binding.