I'm signing a 5yr lease agrmt for a 35K piece of equipment for my new LLC. If the LLC folds, does the debt go to me personally?

Typically there will be a "personal guarantee" in the lease agreement. You probably can't get the deal done if you balk at it. If there is no...

Co-signed on three private student loans totaling $225K-personal hardship preventing meeting pmts- what are consequences, etc.

Bankruptcy would typically eliminate this debt, but not all creditors are sue-happy, and not all pursue both the primary obligor and the guarantor....

Can the second mortgage that already send to a collection has the right to garnage my wage or my only option is to do bk? 25g.

Garnishment typically requires court (note: student loans and tax debts can often be garnished "administratively" which does not require court)....

A BILL COLLECTOR IS TRYING TO SERVE ME WITH A SUMMONS FOR COURT. WHAT HAPPENS IF THEY CAN NOT SERVE ME?

Difficulty making service of process typically only stymies the desultory collector. More diligent ones will use whatever the state has in the way...

One site says Ohio judgments are for 21 years and must be renewed every five years. If that is the case, the judgments may have expired already ......

If I own a company with someone and that other party plans to file personal bankruptcy, will that affect our company.

Small businesses that are run by two or more parties should always have a "buy-sell" shareholders' agreement in place that spells out what happens...

Vehicle Title Issues with Ex-Wife

You can take her back to divorce court and the judge will order HER to fix the problem. If she doesn't get it resolved, the judge can hold her in...

I was a shareholder in an S corporation. The corporation went out of business during the economic downturn and could not repay

You hold stock that has become worthless. Typically that is a capital loss. The amount of time you held it before the last day of the tax year...

Court officer levied me 2 times, however, I am not the debtor. Who is liable? The court officer or the bank?

As a practical matter, banking out of state (say with ING Direct out of Delaware) would deny them the opportunity to do what they've been doing. It...

I have a judgment that was entered against me where the originator died, what do I do?

The judgment creditor's estate owns the judgment. His heirs or devisees hold the rights. First, check and see whether the estate was probated, and...