Help with credit card debt? I have a situation.?

I have about 25,000 in credit card debt,all of them under my business name. The business is no longer exist. The business is partnership. I can not pay for my credit cards anymore. i have been paying for them from my personal income but I can not do it anymore. What wil happen if I stop paying for it? Will that go on my personal credit report? Will they take me to court?

You still need to find a way to pay for it. Otherwise, it will be very difficult to obtain credit again, whether personal or business.

You must pay it or they will sue

you and all of your partners will be sued for the business' debts. the banks will happily take payments from any partner, but all partners are jointly and severally liable for the entire amounts owed.

file a chapter 13 bankcruptcy.. which calls for corporate bankcruptcy. get your partner to act and help you out.

you have to pay for it or you and any of your partners will be sued.....
the best thing i think you should do is consult with a bankrupsy lawyer on this
Bankrupsy has gotten harder to do and it is not a good thing for the credit, but when your stuck between a rock and a hard place, sometimes thats the only alternative.
and what happened to your partners - why arent they helping you with this debt?
if you went into this buisness as a partnership - then your partners are also responsable

Contact your partner/s and apprise them the situation.
You stop paying and thus all the partners come in the picture. Now all of them including you are liable to pay.
Otherwise, every body's personal assets will be at jeopardy.

Otherwise, go for bankruptcy BUT that's another chapter.

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