If the company goes bankrupt, creditors are only allowed to liquidate the company, not personally owned assets. However, commingling funds ends this protection in what lawyers call “piercing the corporate veil.” A pierced veil means creditors can take you to court, argue that your “business”...
If a person is a discharged bankrupt, they can open a CDP/brokerage account as per normal. I’d suggest opening an account with an international brokerage to trade in U.S. stocks as the fees are much lower. You can read more here: https://fifthperson.com/how-to-buy-us-shares-in-...
Before co-signing a loan, consider: Co-signing a loan is the same as taking full responsibility for the loan yourself. If the student is unable or unwilling to pay, ask yourself if you can cover the payments or pay off the balance without damaging your credit. ...
Contract compliance can seem difficult, even impossible, without a legal team, but non-compliance could bankrupt you faster than you can say “litigation.” 70-80% of business operations require a written contract, but 9% of annual revenue and about 40% of acontract’s valueis lost without ...
That said, it offers more freedom and control since it's your own money. But it's also a risky option, given that you can go bankrupt. You wouldn't want to lose your retirement funds. Besides starting a business, you can also use your savings to invest. Start your search for the in...
are pushing to make it easier to discharge old loans in bankruptcy. Senators Dick Durbin (D-Illinois) and John Cornyn (R-Texas) introduced abilllast month to include student loans older than 10 years in bankruptcy proceedings, and penalize schools if too many of their graduates go bankrupt. ...
Never file bankruptcy yourself without legal assistance youll lose more than youll save. 2. 10Get Help Now Contact John Cavitt Bankruptcy LawyerGoing bankrupt is a big step to take. You need an experienced and trustworthy attorney by your side.1.Contact...
s debts. If the business goes bankrupt, the sole proprietor has to file for personal bankruptcy, and both personal and business debts will be included in the bankruptcy proceedings. In addition, someone who sues a sole proprietorship can name the owner personally in the lawsuit and come after ...
I am bankrupt! What are your charges, and can you take reasonable monthly payments? One atty said I could pay in 3 months, but I do not have enough to meet those payments either. Reply Michael Bovee says June 7, 2016 at 10:17 am You can get a lower quote by calling my hotline...
It's probably not something you want to think about in the heady beginnings and early stages of a startup, but it's worth getting a plan in place, just in case. Removal or Departure of Founders If a member of your LLC dies, becomes disabled, goes bankrupt, or is fired — what are...