Do you have to pay your company credit card debt if it is out of business?

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1230209

2026-03-15 00:00

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It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.

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