Business Dissolved Credit Card Company Say I Still Owe Balance?

Question

In December 2007 we closed our business and dissolved our corporation. We took all the proceeds from the sale of the equipment and dispersed evenly to all creditors along with a letter explaining that this would be the final payment on the account. None of the creditors have every called or sent any other correspondence except the credit card companies. They have worn me out, with calls; letters and now one of the accounts have been turned over to a collection attorney. My question is do I owe these debts; my attorney said they should show proof; their response was if you used the card you owe for it. Please advise as to what my options are.

Answer 1

When you sign for a purchase with a credit card you sign a statement (its usually near the sig. line) that says "I agree to pay..."

You need a new lawyer.

Answer 2

~~Usually a corporation does not have it's own credit. Therefore someone has to be the responsible person to begin receiving credit. The person who opened the card would be responsible for the payments. Even if the corporation did have it's own credit cards, you just can't dissolve the corporation. It is it's own entity (just like a person) so bankruptcy would have to be filed in order for the debts to be dismissed (if done so by the court).~~

Answer 3

I believe there's a number of factors involved, including the type of business your business was run as (like LLC, Corporation, Inc, etc).

Talk to your lawyer and talk to other lawyers about it.  Certain types of business protects you personally from owing anything when the business goes under water.

If you somehow agreed to pay the credit card company or used your own credit card to pay for stock merchandise, you are responsible for the debt.