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 [...]
- My Husband Has an LLC That Might Be Going Under. – Katie
“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 [...]
- Are the S Corp and LLC Debts Debts Going to Cause Us to Lose Our Home? – Sally
Sally wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Can We File Bankruptcy on Our Personal Debt and Not Include My Husband’s LLC? – Brandi
“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 [...]
- Will I Be Responsible for My LLC Debt When it Folds? – Lisa
“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 [...]
- My Part Time Computer Repair Business is Going Down the Tubes. – Eric
Eric wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]