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business bankruptcy; x
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  • Business Debt Bankruptcy Question, Investment properties

    I own 15 rental properties as my business (over 2 million in secured debt). A few of them are so far upside down, and I am letting them go into foreclosure. I also owe over $330K (used to finance the property business) in unsecured debt, which is why I have to file for bankruptcy, as I cannot afford...
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  • mustang
    started a topic Please ! Please give me your thoughts

    Please ! Please give me your thoughts

    I am in deep, very deep trouble.

    I bought an existing business last year
    financing by my own savings, credit cards
    and other sources.

    The business owner let me sign a promissory note
    to buy it.

    Business was not good then was closed....
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    Last edited by mustang; 05-23-2008, 12:42 PM.

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