top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

How will my large purchases be viewed?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    How will my large purchases be viewed?

    I have charged a couple of $2500 charges from my company on my personal credit cards. That money was deposited directly in my comany checking and used for company expenses.

    The reaso I am filing is due to company failure and being liable for all comany(c-corp) debts.

    Does this cause a potential problem for me? In regards to objections? None of the money was used personally and all wen to pay company expenses.

    #2
    Dollar Bill, you didn't say how long it has been since you made the cash advances, but the more time you can put between them and your bk (at least 90 days) the better off you are. I know others here have far more experience with business related bks, but that's the first thing that comes to my mind, fwiw. Good luck!!!
    Nolo Press book on filing Chapter 7, there are others too. (I have no affiliation with Nolo Press; just a happy customer.) Best wishes to you!

    Comment


      #3
      freshlikeadaisy- Thanks for the input. I hope it goes ok.

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X