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Husband and my Business going bankrupt should I get diovorced to save my credit?
Wiki User
∙ 16y ago
If the business is independent....a corporation...of you (both)...the BK won't effect your personal credit.
If it isn't it's own legal entity...then you are the ones going bankrupt...not the business. Whether your married or not doesn't change that they would be each of your debts (probably jointly and independently) and your responsibility.
Wiki User
∙ 16y ago
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When my husband tried to get a loan from the bank but was refused is it because you are bankrupt?
He may have a bad credit rating, try another bank.
Why is business credit important?
Business credit is important if you ever want to get a business loan or line of credit. Without good business credit, you reduce the chances of being granted a business loan at reasonable interest rates. It is important to establish business credit as a completely separate entity from your personal credit to help reduce the risk of having your personal credit and assets affected should the business go bankrupt or experience other financial turmoil.
Where do you send Harold Powell credit card payments?
Not sure if you ever heard but Harold's went bankrupt and out of business around that time.
Can a credit card continue to charge interest when the bank goes out of business?
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
What finance companies have gone bankrupt due to the credit crunch?
For a list of bankrupt companies try www.BusinessBankruptcyLists.com. They should have a list of bankrupt finance companies.
Can filling bankrupt make your credit worse?
Always
What airline companies have gone bankrupt due to the credit crunch?
BMI baby went bankrupt for a period of time, and then it was airtours.
What are some restrictions for bankrupt people if they seek to get credit?
There are many restrictions that bankrupt people face when seeking to get credit, the most common one is that they would find that most banks would refuse them credit even if their current economy, is stable and healthy.
When applying for credit what does clear of bankruptcy mean?
It means that you need to declare if you have ever been bankrupt. So if you have never been bankrupt you can say YES. However, if you have been bankrupt you need to say NO.
Does bankruptsy hurt your credit score?
OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!
If husband is sued for credit card debt in Virginia can a sole proprietorship business checking account owned by wife be frozen or attached if husband has nothing to do with the business?
No, Virginia is not a community property state and therefore the non-debtor spouse cannot be held responsible. The business itself or any accounts pertaining to it, would not be subject to action by the husband's creditors.
Disadvantages of selling goods on credit?
non payments customer may go bankrupt
