Minnesota  |  Business Law

Legal Question

Asked on: 2/14/11, 7:58 am

I live in Minnesota but incorporated a business in Nevada. I've since dissolved the corporation and there is a credit card with a balance of about $4000 that is in the name of the corporation. I'm making regular payments on this card but I'd like to know what my personal liability is if I'm no longer able to make the payments. Would the credit card company be able to come after me personally for the balance? Would the nonpayment on the corporate card have an impact on the interest rates for personal cards I carry with this same issuer?

The corporation had no assets at the time it was dissolved.

Thanks for your help.

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