If a small company incorporated files for bankruptcy will the bankruptcy show up on your personal credit report?
You will need to get a final answer from your Attorney, but if you presonally gauranted in loans of any kind for your business then chances the answer will be yes. It happened to my dads comapny many years ago. IF IT DOES Their are ways to have it removed from your credit.
If your car was repossessedand the company who sold the car to you is filing bankruptcy do you still owe?
Yes. Since the "Car Sales Company" went into bankruptcy, your financial agreement with your "Creditor" (bank, credit card, credit union, etc...) has not dissolved the loan. Check with your creditor (who you send your monthly to?) and/or continue paying for your car. This will help you keep your own personal credit in good standing.
If your business credit is established as a completely separate entity from your personal credit, then you can reduce the risk of having your personal credit and assets affected by a business bankruptcy. One of the best ways to establish business credit is to register to receive a D&B D-U-N-S® Number.
It is important to be aware that you can recover financially from personal bankruptcy. You should examine what caused the bankruptcy and ensure you do not fall into the same traps. By taking out small amounts of credit on a credit card and ensuring the bills are paid in full every month a good credit history can gradually be built up.
If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?
If you marry someone who files bankruptcy to get rid of debt from his first marriage will your credit be affected even though nothing is in your name?
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy…
It is up to the credit card company/bank to give you a credit card. If they approve you, that is their risk. Lately, card companies purposely target people with bad credit (including people who have gone through bankruptcy) because they have a better chance of making a profit through late fees and high interest. Also, new bankruptcy laws state that credit card debt can now not be relieved through bankruptcy. So, if you have bad…
If you file bankruptcy after being sued by a credit card company is the judgment against you removed?
What do you do if merchant has filed for bankruptcy after you have paid for a purchase with a credit card?
Does a company credit when the company is the accounts payable and the card was issued by the company for business expenses affect your personal credit score?
If you are filing personal chapter 7 bankruptcy can you get a business credit card for a newly formed LLC which does not have any assets yet?
There is no best insurance company for a Bankruptcy. Some Insurance Companies will not accept application for coverage from people with a bankruptcy. Some will accept you application but may charge you a higher rate. Yet other companies just don't check credit at all so it would not matter to them if you've had a bankruptcy or not.
Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items…
I am nearing retirement and have many credit card bills to pay which i cannot afford. is bankruptcy an answer and will it affect my partner if it is personal bankruptcy?
No. That credit obligation does not belong to you, you have simply been authorized to sign for purchases made. Think of the example of a corporate credit card. A company would authorize you to buy things with the card but it is not part of your personal finances. You don't legally have to make payments on it, and if the card defaults they don't come after you for payment. Therefore the account is not your…