Home > Tag Archives: llc

Tag Archives: llc

Liberty Title Agency President Sentenced Jail Time For Embezzlement

Brian Madden, former president and co-founder of Liberty Title Agency LLC (“Liberty Title”), was sentenced to 20 months in prison on September 20, 2011. Madden misappropriated and embezzled escrow and other client funds from his company to two other insurance agencies that he controlled and operated in New York. Last December he pled guilty to wire fraud and embezzlement. Manhattan ... Read More »

My Husband Has an LLC That Might Be Going Under. – Katie

Ready to Collapse

“Dear Steve, My husband has a LLC that has lines of credit with the bank and bills. To get the line of credit he had to guarantee the line personally. The business is not making it. I am not on the line of credit or any of his accounts. The business may be going under There are two parts to ... Read More »

Are the S Corp and LLC Debts Debts Going to Cause Us to Lose Our Home? – Sally

Ready to Collapse

“Dear Steve, Bankruptcy Questions??? To file or not to file???? My husband has had an S corp for 12 years, he is the sole owner and whilst business was good he was paying all his bills and the mortgage. A couple of banks also gave him Credit Lines of up to $80,000 based on his tax returns. He had to ... Read More »

Can We File Bankruptcy on Our Personal Debt and Not Include My Husband’s LLC? – Brandi

Ready to Collapse

“Dear Steve, Husband owns a LLc company with him being the only employee. I work part time thur a employer. I have tried unsuccessfully to find a full time job. Need help with personal credit situations without hurting our business. My husband owns a llc company that is the main income in our house. The company is in fine shape ... Read More »

Will I Be Responsible for My LLC Debt When it Folds? – Lisa

Ready to Collapse

“Dear Steve, I own an LLC in Phila, PA (I live in NJ). Can i be held personally responsible for any debt incurred by the LLC? Such as, we had a credt/cebit card machine that according to them (RBS World Lynx) was terminated early and they are billing for almost $800. The business is doing poorly. I am thinking of ... Read More »

My Part Time Computer Repair Business is Going Down the Tubes. – Eric

Ready to Collapse

“Dear Steve, Part time business of computer repair / consultation. I work full time for a fortune 500 company. The part time business was formed as a LLC, can the LLC file chapter 7 or 11 and leave the personal stuff alone? Eric”   Dear Eric, It depends. The most important issue is going to be if you personally guaranteed ... Read More »

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