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floatingtorso18
Guest
I have a small LLC with only a couple employees. One of my (now ex) employees had a company credit card that was in my business' name, that he used to rack up thousands of dollars in personal debts. He has disappeared and I have no way to find him or repay his debts. What avenues does the credit card company have to recoup this debt? Can they come after me, since I am the founder of the company (I figured they can't since it's a LLC)? My company is small and repaying the debt would pretty much put me permanently under. What impacts would filing bankruptcy have on my personhood or ability to create an LLC in the future? Would it even eliminate the debt?
Thanks in advance, I really appreciate the help.
Thanks in advance, I really appreciate the help.