... S asked: Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way. OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The business is ...
... S asked: Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way. Followup: OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The ...