 Credit Cards and Not Paying Them? |
| I owe two credit cards money. I've tried everything but I can't seem to pay them anymore. My lover racked up the bills before she took off on me. I owe about $4000 on one and about $1000 ... |
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 Please help someone i know used her dead husbands credit card? |
| some one i know used there dead husbands credit card and no it's not me, the card arrived the day he died and she could'nt afford flowers or anything for the funrel so as she had a second ... |
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 What can I do if my debts are choking me? |
| My sallary won´t be soon enough to cover my credit cards and other expenses. What are the options? Legal, of course!!!... |
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 Debt Management? |
| Has anyone else on here used Payplan? Are they good? How are you coping with debt problems? I have serious debt problems and a friend advised me to declare myself bankrupt. Is this a last measure?... |
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| What is better, more credit cards or older cards? |
| I have about 6 cards that are all pretty much paid off but I like most of them for various reasons...Chase amazon b/c I shop there alot and the rewards are good. Chase freedom cus of the APR, W... |
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 How easy will it be for me to get a credit card? |
| Im 18 and have no credit history. I am about to apply for a student credit card, will it be mereley a formality meaning i will get the card easily or is there a big chance of me not getting the card?... |
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 Too much money in the bank? |
| I heard that if you put a lot of money in at once they'll ask you a lot of questions so if your doing something illegal youll get screwed. True???... |
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 Why do loan companies get away with abusing customers? |
| I have had a loan for 5k, the pay back is close to 11k, stupid i now, but how d they het away with earning so much money ... |
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| What does this mean anybody?? |
| every tax or taxes to any minisry of corporation here in nigeria e.g central bank ministry of justice etc must be paid upfront before funds will transfered or deposited into beneficiarys designated ... |
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 Should I close or keep open credit card accounts? |
| I have two of those rip off credit cards, First Premier and Applied Bank, I paid them off in full, will it hurt my credit to close both accounts now? They are the only cards I currently have, as I ... |
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 Notary public for notarizing affidavit of unzuthorized use of credit card? |
| There was a fraudulent transaction on my credit card a few days ago. I called the bank and closed my account and today I received an "affidavit" for me to fill in to report the unauthorized ... |
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 Is 761 a good credit score? |
| how do i know if i have good credit?... |
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 Credit card question? |
| I have zero credit and this credit card is for zero credit people and it says annual fee is $49. What does that mean..just to get it the card or every month or what? thank you.... |
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EvelynR | Can you file your business under bankruptancy w/o hurting your personal credit? |
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jiggywalker2008
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As long as your business is its own entity, like a LLC. That way if the business folds, no one can go after your personal property or cause you to file for bankruptcy. |
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great_and_mighty_adam_levine
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Theoretically yes.
A corporation is a separate legal entity with it's own debts. It can go bankrupt and the stockholders (or LLC owners) are not responsible for the debt. Their credit is not affected.
In practice, no.
Why? Because the people who loaned the money to the corporation usually aren't that stupid. If you signed a loan document as an owner of a corporation, you probably co-signed the loan personally. That means if the corporation doesn't pay, you are liable for the debt. This is standard business practice for small business loans. So, you are probably on the hook.
Generally, you can get out of 'regular company bills' like the electricity. You usually don't personally so-sign for that stuff. But, if you have a bank loan, you probably did. You have to look at each agreement to see if you are personally liable.
-->Adam |
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DAVE B.,The Old Man
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Not very likely since the business is under your name Etc. |
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Utopia
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not unless you are incorperated, I would check with your accountant. I would also advise not going bankerupt unless you see no way in the next 10 years that this can pay this off. Bankurupcy will just ruin you,
Some say it helps your credit, but it wont. You wont be able to get a home, car, emergancy loans for many many years.
Talk with a credit counseling center or even go to a credit union for advice. |
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SPIFIMAN1
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I have been in business for myself twice and I agree with Adam.
It will depend on if you guaranteed any loans for your company yourself or not. |
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duck_fook2000
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yes |
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Maddie
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Unlikely. Anyone doing a credit check on you it will see that you are a director of a company (assuming it is a LLC) and a quick check on that will show recorded debts and if the company has been put into liquidation or struck off.
(In NZ) they can't load debts for a LLC under your personal name unless you were a guarantor or personally secured the loan - ie check if you are listed personally on the documents - but can record that you are/were director of a company and show if it has been struck off or put into liquidation. And if you have been in business as a sole trader, then the debts will be under your personal name anyway.
Bankruptcy has been touted for too long as an easy way out of financial strife, but take it from me, it will affect you in all sorts of areas - from getting a phone account to renting a property, getting any sort of loan or HP, and even applying for jobs - for at least 7 years.
If at all possible come to some arrangement with your creditors for a repayment schedule, even if it's for small amounts at a time. Most are okay with putting something in place if they know you are facing difficulties before you hit the wall, as they would rather have something than nothing. |
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Richard S.
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It depends.... is your business incorporated or a LLC? If you secured any business debts with your personal guarentee then you are liable. You'll have to file bankruptcy as well or they will come after you. |
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Gee L
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hi dearie, before you consider that, pls be guided by this bankruptcy resource
all dbest |
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