In a sole proprietorship, the owner is responsible for the debts of the business if the firm is unable to pay?

Sure. And the loss from prior years should be being carried forward by your accountant to deduct this year.

Get credit couselling and they will put you on the right track.

Eduardo is right - not all debt is bad, there is such a thing as good debt, namely a mortgage, because the house appreciates in value over the long term and because of leverage, you get a better re...

USually use a CC or Debt business when your bills are too much for you to take care of; and in that case, the last thing you need to do is keep charging; and in many cases, they will contact the CC...

when you go through a agency such as consumer credit counseling, you are not allowed to use your credit cards or obtain any new debt. This is not the law or anything, just the rules of the agency. ...

try to get business cash advance, ...

I would assume that you best (easiest) method would be to compare the company with a similar public company in the same industry and as similar as possible. You might have to make adjustments to al...

If your business is a corporation they cannot touch it. Your business is probably a sole proprietorship, and they can touch that. I don't know if they can garnish your business accounts, but...