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What happens if a debt that you owe from a pior bussiness that you owned is not payed. The account has no personal guarantee. The prior bussiness is now closed.My family now has a new bussiness. Can they go after the new bussiness? They are seperate corperations.
@CreditChampion wrote:What happens if a debt that you owe from a pior bussiness that you owned is not payed. The account has no personal guarantee. The prior bussiness is now closed.My family now has a new bussiness. Can they go after the new bussiness? They are seperate corperations.
Should not be able to but I wouldn't really suggest going back to the same bank!
you got a Wells Fargo Line of Credit with no PG? How long and how much money was involved in this prior business to get this type of line of credit?
It was a medical office my pops had in the 90's lol. Originally a Wachovia account.
$9700 originally was 10k. That account accumulates so much interest, I think my pops might just not pay anymore lol. We do bank with wells fargo though.....