Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > BANKRUPTCY AND CONSUMER CREDIT > Banking & Credit Cards

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 08-27-2001, 08:18 PM
oranthal
Guest
 
Posts: n/a
Question

Corporate debt, now personal?


While employed as a treasurer for a corporation, I signed a contract to lease some equipment. About a year later, the corporation dissolved and the equipment was returned. Now, the equipment leasing company is coming after me personally, stating that I signed a personal guarantee and the contract was noncancelable. I don't remember signing a personal guarantee, but it is possible. The leasing company has a terrible rating from various consumer watchdog organizations and I think they are harassing me. This has now appeared on my credit, which prior was perfect. I'm undecided as to weather I should hire an attorney, attempt to fight it on my own, pay the $2800 they want, or just not use credit for 7 years!
  #2  
Old 08-28-2001, 07:28 PM
OnFire2000
Guest
 
Posts: n/a
Lightbulb

proof


Have you asked for a copy of this signed contract? You should find out exactly what they are referring to, and if the equipment was returned, why are they coming after you? Did you sign a contract through your company or through the outside leasing company? Don't forget to dispute it with the credit reporting agencies.
  #3  
Old 08-29-2001, 05:30 PM
oranthal
Guest
 
Posts: n/a
Unhappy

reply to fireman


Thanks for your help. I've returned the equipment (credit card terminal), but they still want to get paid through the end of the contract. It was a 5 year contract and we used it for about 1 year. They say it is uncancelable in any circumstance.
I've disputed it on my credit report and haven't heard anything back yet. The original contract was between a private leasing company and my old corporation with me as a personal guarantor. To fulfill the final four years, they want $2800 and I don't think that is fair. I know that AZ is a community property state, so they can't enforce a judgment against me since all of my assets are community assets. Do you think if I continue to stonewall them and fight the credit bureau info, they will eventually give up?
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 02:17 AM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.