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View Full Version : Personal debt settlement but have sole propritor of business


linnypod
Jan 5, 2007, 08:29 PM
Being overwhelmed with personal credit card debt and going to debt settlement effect myself owned business?:confused:

Fr_Chuck
Jan 5, 2007, 10:58 PM
it is it a sole ownership and not protected by a LLC or by incorporation, the money and stock and value of that business is just like money and things of value in your home, it is yours

If you owe 10,000 and there is 10,000 in tha business account they will want to know why you don't just write them a check

linnypod
Jan 6, 2007, 01:11 PM
Thank you so much.. I have been wanting to incorporate my business to protect myself. Now I will. Interest rates are so high, and not one creditor will lower the rate so I can get anywhere!