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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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  #1  
Old 01-07-2003, 09:41 AM
merch
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what can I do?


Arizona

I had an internet business that went bad and I had to close it.
I am now getting numerous charge backs from card services International. These are not for product but rather for memberships that want their money back as the website is gone.
I am getting nsf statements fom my bank for the business account daily and they are climbing at the rate of 100.00 per day.
Cardservices will not stop submitting electronic checks for the chargebacks and there is no funds in the bank to cover them.
The bank will not close the account until I pay off the balance which I cannot do at this time.
I can't stop this and there is no end in site. I started the Internet business as an hinest venture but now I have gotten myself into deep trouble it seems, Please help
Thanks
  #2  
Old 01-07-2003, 02:09 PM
gottago
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Is the business a corporation or a sole prop?
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Old 01-07-2003, 03:34 PM
merch
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the business is a sole-Prop
  #4  
Old 01-07-2003, 04:36 PM
gottago
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Then you're stuck with the bills...or filing bankruptcy to eliminate them.
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