Question re debts: business or personal?

Date: Mon, 11/17/2008 - 13:09

Submitted by nahumski on Mon, 11/17/2008 - 13:09

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I am filing for chapter 7 pro bono for credit card debts. The bulk of these debts were incurred trying to help my son by paying some of his business expenses. I have never been an officer of his companies, and have never owned any part of them.

Would these debts be considered personal (as they are for family) or business?

Thanks!!

Total Replies: 4

You are filing "pro se" not "pro bono". The debts would be

You are filing "pro se" not "pro bono".

The debts would be personal since you were not attached to his company.

Submitted by SOAPLADY on Mon, 11/17/2008 - 13:13

SOAPLADY

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employee

Thanks for your quick reply. I was an employee of his company for a while. Could this make a difference?

Submitted by nahumski on Mon, 11/17/2008 - 14:03

nahumski

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I wouldn't think so, unless you were upper management or such...

I wouldn't think so, unless you were upper management or such... They type of position where you'd ordinarily have a big say in financial decisions for the company.

Submitted by unclewulf on Mon, 11/17/2008 - 16:12

unclewulf

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I was issued a 'business' credit card from Chase. I work on comm

I was issued a 'business' credit card from Chase. I work on commission selling insurance. I don't have any sort of business entity, not even a sole prop. I do have a state issued insurance license though.

The credit card says 'business' on it, but it is in my name and my tax id. Can they somehow attach it to my insurance license? Or is this debt really just personal?

Submitted by on Thu, 12/04/2008 - 17:52

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