Being asked to repay a business credit card debt

This is a discussion on Being asked to repay a business credit card debt within the Debt Collection forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; we are being asked to repay a business credit card debt which is at least 5 years old.We thought our ...

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Old Nov 13th, 2009, 01:57 PM   #1
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Default Being asked to repay a business credit card debt

we are being asked to repay a business credit card debt which is at least 5 years old.We thought our partner at the time had paid this and he cannot be contacted.Can we be imprisoned for this debt.6000 euros is the figure mentioned but most of this must be interest
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Old Nov 13th, 2009, 06:41 PM   #2
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Hello there -- sorry for your dilemma. No, you will not be imprisoned for debt -- that statement would be applicable in the US and European jurisdictions generally. However, the statute of limitations for collecting on debt varies broadly by jurisdiction, so you really do need to speak with legal counsel. WLD has affiliated counsel throughout Europe, so your best option would be to go to their main page and request a referral. You really need to have counsel review the situation and advise you accordingly. Hope it all works out. AJJ
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