Recent content by asnoogle

The business in an unincorporated sole ownership and has been in existance for 12 years. All debts are on personal lines of credit and credit cards. The only real property owned is a house (value $225,000, with $181,000 owed). The family has two cars (leased). I have a side job (in addition...

After 10 years in a sole owner business, I need to close the doors. I am in debt to the tune of $100,000 in unsecured credit card/line of credit debt. Business went down hill quickly and wasn't able to clear out the debt. I realize bankruptcy is not to be taken lightly, however, business is...