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What does it mean when a purchase of a business is cash free, debt free?

This means that all of the liquid assets (i.e. cash) of the business (excluding property and fixtures) will be used to pay for any and all of it's outstanding debt. All surplus funds will be ...

I have invested 40 k in a business with someone i thought i could trust the business is now in serious debt?

I agree with the first post. I would hire an outside accounting agency to perform due dilgence. They can dig very deep to see exactly how much in debt you are on the line for. There maybe more she ...

What is the law regarding a business refusing payment on a debt?

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Does anone know how to get info on starting a debt settlement negotiation business?

shoot me an email and I will get you some info on it

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What would you do with $30,000? Pay off debt? Start a Business? Save it? Blow it?

it depends on how many debts you have that will not be paid off within 6 months. first, in paying for things with any high interest, such as credit cards, always pay the miniumum due with at least...

What generally happens to me or the debt I owe when the company goes completely out of business in my state?!!

Most probably you will get an "official" letter requesting/demanding that you pay your debt. If the letter arrives months later, it may demand additional interest charges.

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Business debts?

Chances are you both are if its old debti in terms of incurred prior to the first partner leaving. How is your LLC agreement written in terms of debt and liability as it relates to its partners? ...

We have v. bad credit, 30k debt from failed business inc 15k+ ccj's. is there any way we can get a mortgage?

I doubt it. How could you afford the repayments in any case if you owe that much money?

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What happens when you owe a company who has gone out of business worldwide, forever? Is the debt still owed?!!

You still owe the debt to the owner of the company. The debt may have been sold.

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What are the extraneous factors which impact the ability of a business to radically alter its debt equity mix?

The biggest thing to impact this mix would be a companies ability to 'service' the debt [which means to pay it back]. If a company is unable to service existing debt then additional debt...

Let me pose a question. Let's say a business is over it's head in debt but has a vast amount of sales. Could I

Ok, so are you saying that the company sells you the inventory and gives you money and gives you the brand rights to the products? If so then you have a problem. The creditors of the original com...

If a credit collection company goes out of business what happens to my debt?

Hopefully, they won't resell the debt to another collection agency....The most likely possibility is that they will and you'll get to be harassed all over again by a new collector.

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How can I leverage my business to pay off personal debt?

There are 2 ways to do it legitimately. Raise your salary or bonus yourself enough money to pay your debt. Or, have the business loan you enough money to pay off your debt. If you choose the lat...

What problems could a business have by going in debt?

Some amount of debt is a good thing, because it is indicative that the business is making attempts to grow. Debt only becomes a problem when it becomes so large that a business has difficulty makin...

What happens to international business when a country's debt increases?

The impact on business is determined by the significance of the impact on whether the currency is being devalued and whether the country is able to pay to service the debt. Through the eighties an...

Has any one got help through a reputable business company who helps reduce your debt.?

with so many responses it proves my point that most if not all of these firms are ripoffs!!!

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I'm in debt from a bad business deal/divorce,should i ask my fiance who has the money to help me pay it off

Only if you make it a real loan with interest; put it in writing and INTEND TO PAY IT BACK. Put in terms as to how much you intend to pay each month. Look at it this way, why give the interest to...

Curious, if you're a small business and you need to report a debt on a debtor's credit report, how do you?

SORRY, BUT STUDLY DOESN'T HAVE ALL THE FACTS. SMALL BUSINESS ALL OVER REPORT TO CREDIT REPORTING AGANCIES. ALL YOU HAVE TO DO IS CONTACT THE ONE IN YOUR AREA, THEY WILL PROVIDE YOU WITHA...

I have a business (Inc.) that is not making any profit & has accumulated lot of debt. Am I personally liable?

You need to make sure that none of your personal assets are secured by any of the debt. Also, you need to make sure that everything that is owed, is owed by the company (meaning the building was le...

In a business acquisition why does the acquirer have to pay off the debt of the acquired in addition to equity

If you are acquiring a business ( an asset) you are acquiring the sum total of debt + equity (Assets = Debt + Owners Equity) So not only do you have to buy the equity but you need to assume the d...

Someone is selling an salon business that i would like to purchase i have little debt sellers spouse is ill?

The question of whether or not to buy a business is a complex question. It really does not matter how expensive or how cheaply the business can be bought for, the only question is, given the fi...

Can you get money to start a business if you have a significant amount of personal debt?

I wouldn't reccommend starting a business with personal debt, without an emergency fund, and wouldn;t use credit to get it started. You'd be setting yourself up for a disaster. But ...

Http://www.anz.com/business/sp...

Try the homework help section. Also, the URL does not display.

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Money making business ideas to stay out of debt in university?

My relative had to do the same. He put someone in charge of organising all the bookings and then got lots of groups interested by advertising locally, via word of mouth and by putting a telephon...

Does the national debt effects our career and business in the future? especially when the us owe so much money

One way it is affecting all of us right now is gasoline prices ... in other answers on Yahoo Answers about the price of gasoline, I have talked much about supply & demand on the world market. ...

Debt and Equity Esasy...any Business students!!?

You should go for a proper program with an expert's help for a better management. Check out here for some useful info and tips....

I am looking to get a business credit card or line of credit WITHOUT a personal guarantee. Any advice?

Business credit cards come with a variety of reward options. Travel rewards, stay in hotel, cashback, savings on courier services etc. are some of them. The type of your business and services you r...

If I own a business (LLC)w/ 2 partners and I owe personal debt, can the creditor take it from my business?

They can take it from your share of the business as it is a personal asset of yours.

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If I owe debt under my C Corporation can they come after my personal assets?

Im sure your corporate paperwork says that you are only responsible for the money you placed into stock. Say 500 dollars. They would have to break your corporate veil. Meaning the creditor can...

The collections process- in debt.?

The creditors will have to file a complaint and depending on how busy your courts are, it will take some time to get a judgment. Assuming you don't contest the claim, I don't think it ca...

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