When a corporation files for bankruptcy, many shareholders often want to blame the corporate directors. While corporate directors often believe they are immune from liability, some could be sued if they have not acted in good faith.

This means that the corporate director has been found to have not acted in the company's best interest, shareholders may be able to bring a case against that corporate director. Proving bad faith cases, however, are often difficult. 

If you are a shareholder and have questions about your company's bankruptcy, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.