Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now
3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Money & Services > Bankruptcy & Debt   »   Old Business debt

 
Thread Tools Display Modes
Question
 
 
#1  
Old Mar 8, 2007, 05:18 AM
teet12
New Member
teet12 is offline
 
Join Date: Mar 2007
Posts: 1
teet12 See this member's comment history on his/her Profile page.
Old Business debt

I have a business debt, that i personally guaranteed. The company hired a lawyer and they had a debt judgment awarded for personal property and then for real property, well that is what is stated in the execution of judgment. I live in South Carolina. What can they do? Can they levy my joint bank accounts? Can they levy my jointly owned home. I just bought it, with my significant other. And can they go after assets, i jointly own in other counties of the state? What are my options at this point? I know South Carolina is a non wage-garnishment state for credit debt. so I believe my paycheck is okay. Thanks for any info....

Reply With Quote
 
     

Answers
 
 
Old Mar 8, 2007, 12:55 PM   #2  
Full Member
landlord advocate is offline
 
Join Date: Jan 2007
Posts: 284
landlord advocate See this member's comment history on his/her Profile page.
You agreed to be personally responsible to pay a debt, if the company was unable to do so. When you signed that agreement, you put all your assets on the line. And, that is what is now at risk.
  Reply With Quote
 
     

Bookmarks


Thread Tools
Display Modes

 
Similar Sponsors

Similar Threads
Question Asker Forum Answers Last Post
Contacted by debt collector after notification that debt was not valid klk Credit 1 Feb 22, 2007 07:15 PM
Small Business Debt of parents mattimus Bankruptcy & Debt 2 Feb 18, 2007 07:51 AM
personal debt settlement but have sole propritor of business linnypod Bankruptcy & Debt 2 Jan 6, 2007 12:11 PM
Business Venture - Bad Debt Jones Bankruptcy & Debt 3 Mar 24, 2006 03:06 PM
Business to business vs Business to Consumer retail reyo Marketing 1 Mar 6, 2006 11:23 AM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 01:38 PM.