Concern about some of my debts

[jb300]

Let me explain. Some of my debts on several cards are from business transactions. I have one card that was strictly for flooring purchases. I would purchase the carpet my clients selected, charge it and then pay it off or a large chunk of it when I got paid from them for the installation.

So now I am concerns because of the dollar amount of some of these jobs that I am going to have to wait to file on this. This CC will no longer let me get into the website to get my transaction information so I don't know exactly when my last charges and payments were, but they were at least Aug. I think I was still using the card.

I have the same thing on several other cards. I would buy supplies needed for the job and make larger payments then when I got paid.

Do they look at businesses any differently than personal things? I didn't do anything like this with my personal transactions.


Tomorrow will try to dig out the bank statements card statements and see what I find. This is really going to hurt if I can't file now. My house doesn't have much if any equity right now and if I have to wait that will mess me up there. Also my business is doing better and I don't know where I will be at if I have to wait until the end of the year to file.

Can I cry yet?

[jb300]

One more thing when I was making these payments I was paying my other cards as well. When I quit paying my cards, I quit paying all of them for the most part and the ones I tried to continue on only had a month or 2 payment with a minimal payment made and then I quit paying them as well.

[jb300]

This kind of scares me that nobody has any thoughts on this.....

[HHM]

It's not a problem...debt is debt.

[jb300]

My attroney wrote me back tonight and said we will look at all of it Thur. and decide if I have to wait or not. I am going to be a nervous wreck this week. Why can't anything be easy in life.

[fltoo]

Chances are the business cc's are guaranteed by you personally, even though they might be in the business name, so it is all personal debt.

I don't see any concerns since you stopped paying all of them at the same time.

If you have a problem with the large payments on business cards, you might be able to claim a contemporaneous exchange of charging and paying regarding the job.

But, I see no problems that would force you to wait.

[jb300]

There were no cards in the business name they were all in my name personally. As far as the big charges go.... you will be able to go right to the charges and most of the time match them right up with the payments. I also did the same thing with supplies as much as I could, I paid a big chunk when I had the checks come in.

I hope you all are right, I want to get this show on the road and hopefully over by the end of the summer so I can put this behind me.