Debt Collection and a Corporation

by elvira
(pembroke pines, fl, USA)

I have an unpaid credit card debt of $20,000.00 for about 5 to 7 years. I would like to open a corporation. Could my debtors sue my corporation?
Thank you very much.

Comments for Debt Collection and a Corporation

Click here to add your own comments

Nov 20, 2011
Debt Collection and a Corporation
by: Debtcollectionanswers

Elvira, I am not an attorney so if you want a definitive answer to your question, I recommend that you consult with one. However, I do not believe that if you established a corporation the creditor/s to whom you owe the money could go after the assets that the corporation owns to try to collect what you owe. The corporation is a legal entity that is totally separate from you as an individual and therefore has nothing to do with your personal debts.

Nov 20, 2011
Thank you
by: Anonymous

Your answer means a lot to me because I have been stagnated in fear of debt collectors getting into a corporation I wanted to star.
I do appreciate your kindness in answering my question.

Best regards,

Elvira Lopez

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2021 by Mary Reed and Gerri Detweiler.
All rights reserved..
Read our Privacy Policy here. Do not sell my information.