Sentences with phrase «come after your personal assets»
If your LLC goes broke, creditors can't come after your personal assets to settle the debt.
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Entrepreneur writer Diana Ransom suggests that if «you've personally guaranteed any of your business's debt — meaning, if a creditor or supplier can come after your personal assets if you default — make sure paying off those debts becomes a high priority as well.»
By opening and using the card, you agree that, if the account becomes delinquent, the issuer can come after your personal assets for the balance.
This guarantee says that if your business defaults on the card, the credit card company can come after your personal assets to recover what you owe.
When this happens, the injured party could come after your personal assets — including your savings and home — to recover the rest.
With a biz CC You are now 100 % liable for fraudulent purchases with no cap (unlimited liability), subject to sudden and sharp interest rate increases, retroactive rate increases, shorter billing cycles, they can pierce the corporate veil to come after your personal assets if you miss payments.
The banks and / or corporations can not come after your personal assets or income.
Not exact matches
A personal guarantee means the lender can come after assets belonging to the individual borrower, not the business, to recoup their losses.
These lenders not only can come after your grandchildren's personal assets — if they default on these loans because of unemployment or their inability to negotiate lower payments — but they can also sue their parents if they've cosigned the loan.
But that would not stop the other driver's attorney from coming after you for the money - even if it means going after your personal assets.
Data released recently by the International Assets Advisory Corp. indicates that the United States is first among nations in the number of personal computers and the number of Internet hosts, but, comes in second in terms of telephone mainlines (to Switzerland) and Internet penetration (after Canada).