Unfortunately, when the economy declines and their business fails, those same business owners may be shocked to find that their personal
assets are in jeopardy as they struggle to pay their business debt, eventually having to file for bankruptcy.
Not exact matches
Because of their limited liability, their personal
assets aren't
in jeopardy.
The automaker's plan to sell
assets have
been slow - moving and the debt markets have
been effectively closed to it borrowing more, putting
in jeopardy its plan to raise $ 5 billion from
asset sales and new borrowing through 2009.
That
is because, without insurance protection,
assets that have taken many years to save could quickly become depleted,
in turn, putting individuals and those that they care about
in potential financial
jeopardy.
I
am wondering whether my personal possessions, as well as my business
assets,
are going to
be in jeopardy if I file for Chapter 7 bankruptcy?»
By
being wary of the above pitfalls, a business owner
is more likely to prevent their personal
assets from
being put
in jeopardy by the activities of their business.
Your
assets and savings
are in jeopardy if you get into an accident and only have minimum coverage.
In reality, you do not need a great deal of wealth for your assets to potentially be in jeopardy without proper liability coverag
In reality, you do not need a great deal of wealth for your
assets to potentially
be in jeopardy without proper liability coverag
in jeopardy without proper liability coverage.
Your future earnings, income and
assets could
be in jeopardy just as easily as your current finances.