Hello, I am a young kid who started up an Internet Business when i was 16, YEP (16 Years old). I am now 18 years old and over the last six months, my company has taken a dive where as my bills with my vendors have become past due to the extent where I have no money to pay. I don't want to file for bankrupty becuase I just don't want to end it that way. I do want to try to bring my company back up, (I don't want to give up) but the collection agencys are really getting the lawsuits against me. When I signed all long term contracts, I was only 17 years old. I just turned 18 in october 2000. If i were to be taken to court due to not paying the bills and the contract states, since I am NOT within legal age, do I have to pay? It sounds silly, but I don't think I can stand myself before a judge. Is the contract vaild still? I don't want to blow off these debts, (I do want to pay them-but at this time they don't want to give me any more extentions as they have bent over too much for me. ) What are my options. If bankrupty is the only option, what forms are open. I don't want my credit record to be screwed up. My company is corporated, If I resign my position and leave the company, can I still be held liable for the debt owed? I'm very young and I'm very stressed. I don't know what to do and I am trying to pay as much as I can, I sent out a check to one of the companies for half of what I own and they won't cash it unless its the full thing. I don't know what the problem is but if they knew what my standings where, mabe they would accept. Any suggestions, please reply. My qwest for sucuess in my goals have failed. Over 3 years of hard work. This is just killing me inside.
Thank you
Thank you