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personal debt charge-offs and own a business


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Posted by ahandle (161.114.1.182) on February 03, 2003 at 08:45:52:

I have some personal credit card debt that will be getting charged off soon. I want to know what exactly could happen with my business I own. Can they sue me for anything to do with my business at all? can I lose my business? I cannot let anything happen to the business so I need to know what they can do. The business is setup as sole-proprietor and the business bank account is in my name and s.s#... Also I live in the great state of Texas if that helps and all debt is unsecured credit card debt..



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