Legal Question in Credit and Debt Law in Texas

Business Debt

I opened a credit card account for a business. The card was a business account. I was not the owner. However they needed someone to sign the application. The company is no longer in business and did not pay the bill. I have been contacted by a debt collector company. I had no knowledge that the account had not been paid. Would I be required to pay the debt off.

Thanks


Asked on 1/05/06, 7:29 am

3 Answers from Attorneys
James Grissom Law Office of James P. Grissom

Re: Business Debt

Supplying false information to obtain credit is a criminal offense. Better pay off the debt and learn from the experience.

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Answered on 1/05/06, 9:11 am
Peter Bradie Bradie, Bradie & Bradie

Re: Business Debt

Your name, your debt.

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Answered on 1/05/06, 9:49 am
TC Langford Langford Law Office

Re: Business Debt

The previous responses are correct if you signed in an individual capacity and for an unincorporated business. If the business was incorporated, and you signed in your capacity as an officer of the corporation, then you may escape liability. TCL

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Answered on 1/05/06, 10:21 am


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