This would depend upon the terms of the contract which established the debt. If your former partner was the sole personal guarantor of the debt, it doesn't matter who else owned the company. If you co-signed or were joint on the account, then you have shared liability, regardless of the outcome of the business venture. If you did happen to be jointly liable for this debt; his bankruptcy discharged all of his liability. You would now be 100% liable for the balance. Conversely, if you were an authorized user on this account, you do not meet the definition of "debtor" under the Fair Credit Reporting Act. Although it is typical, it is not proper (or legal), for this to show on your credit report. Authorized user have NO liability for such accounts, even if they personally made the charges. Only account holders in a contractual agreement are legally liable for the debt.
Sure
Nothing stops them from asking you for it, but you must assert your rights under the bankruptcy shield.
Yes. Personal banruptcy does not relate to the company where the person is employed.
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.
In a Proprietorship, the personal bankruptcy of the proprietor may cause shut down of business. Whereas in Partnership and Joint Stock Companies, bankruptcy of Partners, Directors effects business credit immensely as bankers become shy in extending further credits to the company.
Recievership is bankruptcy.
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
Call the attorney or company that handled your bankruptcy.
If the company is a corporation and you personally guaranteed the debt, the corporation's discharge of its debts does not discharge your obligation. If the company is you as a "DBA" then more than likely the discharge of the DBA (doing business as) discharges your personal guarantee.
AMPD mobile was a network founded in 2005 and soon defunct in 2007. It is no longer possible to receive services from AMPD Mobile, as the company has claimed bankruptcy and no longer exists.
no...
NO