Legal Question in Credit and Debt Law in Texas

my credit sucks, i tried debt settlment, cost 5000, nothing settled, i filed bankruptcy but couldn't operate my business. I am a sole prop, can i become an LLC and shield my business from my personal debt? homested on my house so am i correct it is protected. i can't save any money except in my sock drawer afraid it my be taken. I can truly say I have done everything the creditors have asked of me (credit cards) to get them to lower the interest rates so i could get them paid and every six months when i called them back they would come up with something new. Up until 2008 my credit report showed "payed as agreed " on everything. Besides credit cards I have never defaulted on othe bills, HOUSE, CARS, BUSINESS LOANS nothing! I got a divorce in 2005 and have had heck every since! Unlike Casey Anthony I an truly a victim! HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!


Asked on 7/12/11, 7:26 am

1 Answer from Attorneys
Greg Wiley Law Office of Greg Wiley PLLC

After filing bankruptcy, you should not have any more personal debt. If you have not filed bankruptcy, you might consider talking with a local bankruptcy attorney. Even if your business is the type that a bankruptcy court will decide has value, you could probably look into a Chapter 13 bankruptcy. You will need to talk to an attorney to discuss your personal situation.

Debt settlement companies are generally scams, so avoid them.

Best of Luck

Greg

www.gregwileylaw.com

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Answered on 8/11/11, 2:01 pm


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