Will Personally Guaranteed Debts Risk My Personal Assets
If a debt is personally
guaranteed then the creditor will sue one personally and for personal assets.
What Is A Personal Guarantee
The term personal guarantee refers to an individual's legal promise to repay credit issued to a business for which they serve as an executive or partner. Providing a personal guarantee means that if the business becomes unable to repay the debt, the ...
What Is The Difference Between a Will and Trust
Wills May Turn One's Heirs Gray! Think about who distributes the money: a network of accountants, lawyers, appraisers, administrators, trustees, executors and…the courts. When des one get their money? ‘After’ everyone else gets theirs ‘After’ all ...
Business Debts, Bankruptcy and Debt Removal Secrets
Bankruptcy is a custom affair with each situation being unique to that business. It all depends on the company, its debt amounts and continuation issues at hand. Does the business have other lines of credit that can be willingly reduced, without ...
Does Debt Removal Secrets Work For Business Debts (LLC, Corporation, Etc.)
The FDCPA applies only to the collection of debt incurred by a consumer primarily for personal, family, or household purposes. It does not apply to the collection of corporate debt or debt owed for business or agricultural purposes. Despite this ...
7 Secrets Debt Collectors Don't Want You To Know About
1. You are not obligated to communicate with collection agencies; 2. You don’t have to disclose personal information; 3. Paying off an account in collections won’t wipe it from your credit reports; 4. Your assets are not at risk, yet; 5. You may be ...