Legal Question in Bankruptcy in Florida

S corp and credit cards

We have an S corp and business has slowed down to the point where we are in the process of closing the business...we have a few credit cards from the company that are due.. I believe when we took these credit cards they requested our SS# since we were a new company to get the credit cards.. are we still responsible for the balance dues...can they still come after us personally for this.. will it affect our credit.. we have lost alot of money invested in this company and it is time to just cut our losses...


Asked on 4/28/09, 1:59 pm

1 Answer from Attorneys
Matthew Mazur Matthew Mazur, P.A.

Re: S corp and credit cards

You probably have a personal guarantee on these cards and they will go after you if they are not paid. You need to look at the applications that you filled out when you originally got them.

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Answered on 4/28/09, 2:10 pm


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