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If you own a business and you want to file Chapter 7 would business related debts that you put on personal credit cards be covered?
Wiki User
∙ 8y ago
Yes, if you have acceptable documentation.
Wiki User
∙ 8y ago
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Who is responsible for business credit card debt?
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
Example of related business?
example of related business
What services does Central Bank offer?
Central Bank offers many different personal and business related services. Some examples of their services include consumer loans, checking, and business insurance.
What services are available from Wachovia online?
The services that are available from Wachovia online are financial services. These financial services can be personal or business related and the sites allows you to access your account online.
What is real life business sub system?
the real life bussiness subsystem is related to business,marketing,finance,production,material....the future expenditure is also related to business subsystem....it is business planning related to every one...
Does personal liability cover tree trimmers who are not licensed?
Personal liability is just that ! It does not provide for business related activites. If you want to be covered for business related activites you will need to buy a policy that coveres business related activites. If you are engaging in the business of tree trimming for money you need a COMMERCIAL GENERAL LIABILITY.
What accounting concept or principle provide guidance related to separate personal account with business account?
the accounting concept that separate the personal account from the business account is business separate entity concept
How do you separate business credit from personal credit?
You can separate your business credit from your personal credit by registering your business as a completely separate entity from your personal credit. One of the best ways to do this is by registering to receive a D&B D-U-N-S® Number for your business, and leveraging your business credit using that number. For more information, visit the related links.
Who is reclusive?
a person who wishes to be set apart from society in solitude for religious, personal, or business-related reasons.
What is the difference between Business auto insurance vs personal auto insurance?
Business auto insurance coverages commercial vehicles or vehicles used for work. Personal auto insurance coverages a personal automobile that is not used for work related activities.
Who is responsible for business credit card debt?
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
What type of insurance do the company Chubb offer?
The Chubb Group provides insurance for business and personal related matters. Their business insurance covers property and casualty while their personal insurance covers cars, homes, and valuables.
Will you be subjected to a means test when filing chapter 7 if your only debt is business-related credit cards and loans resulting from a dissolved partnership?
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Does personal car insurance cover car rentals?
If you are renting a car on vacation, your personal car insurance policy will usually cover you. If you are traveling on business, you need to check with your insurance agent. When issuing personal policies, many companies have restrictions on business-related rental coverage.
What is Mutual agency of a partnership?
Right of all partners in a partnership to act as agents for the normal business operations of the partnership, and their responsibility for their partners' business related (but not personal) actions.
How are business ethics related to personal ethics?
When a person has ethics in their every day lives, they will also have business ethics. They will ensure that they are making sound decisions when it comes to the organization.
Commercial Auto Insurance Is a Must for Businesses?
When you insure a vehicle that you use for business purposes, make sure that you insure it under an authentic commercial auto insurance policy. A personal auto insurance policy will not cover many business uses of an automobile, and if you make a commercial auto insurance related claim that is not covered on your personal policy it will be denied. Therefore, when you buy or lease a car for business use, contact a commercial auto insurance broker if your general business insurance broker or provider cannot assist you with your commercial auto insurance needs.
