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More stories about Debt

  • Protect Your Assets

    Whenever I speak somewhere, I preach about the importance of separating your personal assets from your company's assets. The best way to do this is by incorporating your business as a corporation or an LLC.

  • Personal Guaranty of Business Debt

    Most credit applications contain a personal guaranty. In this one, it's clearly spelled out in item No. 4, but in some cases it's buried in a longer document and written in language that makes it hard for the applicant to understand just what he's agreeing to.

  • When a Customer or Supplier Goes Bankrupt

    There you are, just trying to make an honest living as a contractor, when all of a sudden somebody you're doing business with declares bankruptcy. How will this affect you?

  • Legal Adviser: Lien Basics

    Recording a lien, step by step