Can I default on loans given to my corporation without severely damaging my personal credit?
I am a small business owner in california with loans that were granted to my corporation.
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Comment by M V
Best thing to do is to consult a professional who knows California law.
Posted on September 3, 2010 at 10:23 pm
Comment by HOLLY W
If you are not the personal gaurantor it won’t hurt you.
Posted on September 3, 2010 at 10:36 pm
Comment by wareagle30
are you incorporated?? If not then you are personally responsible for your companys debts.
Posted on September 3, 2010 at 11:28 pm