05/27/ 2006 I lost my husband, I felt I had lost everything over the following days. He was my husband and my business partner. We had no insurance.
Little did I know I was just about to find out what losing everything was all about. Less than a month after he died, I had a judgement passed against me for the value of a lease we had not setteled with a second location of a business. I owe 79K on my mortgage, and two lines of credit that bring that up to 205K.
We have a large personal loan with his cousin, I have paid him 4K over the last eight months.
Our business is just paying the bills and is a corporation. I pay all my business/personal living expenses out of the corporation. There is nothing left, I have to pay the judgement of 50K off 2,500 a month. The cousin is getting pushy saying he may also get a judgement.
If I file personal bankruptcy would the money I owe on the house, personal guarantee on the business lease and the personal loan be included?
2007-03-03
12:26:03
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5 answers
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asked by
itsybitsykity
3