AboutChristine Janklow Expertise As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a business after debt is eliminated. Please ask it now! For more information regarding how debt settlement can help your business, please visit www.SettleSource.com and place your inquiry. Mention All Experts to have a confidential no cost consultation with Christine. If this is your business situation time may play a very important factor in getting matters resolved proactively before they have negative affects on the business.
Experience My expertise is specific to providing business solutions that will have profound positive impacts on the financial health of businesses. I have 25 years experience as an entrepreneur and have developed national sales programs; strategic alliances; product development; marketing programs; business and turnaround plans and debt settlement programs all providing methods to improve the financial outlook for large and small businesses.
Organizations Turnaround Management Association; Los Angeles area
Publications Los Angeles Daily News; Today Magazine Monthly series of business articles entitled "Brand News."
Education/Credentials Bachelor of Business Administration; Associate of Arts Merchandising
Past/Present Clients American Airlines, American Express, Safeway Inc., New York Life, consumer products manufacturers; retailers and service providers.
Question My mom took over a small restaurant business earlier this year and have been managing it with a company that she and her partner started. Just today, she recieved a letter from a collection agency stating that her restaurant owes Sprint PCS money. My mother did what she thought was the right thing to do and called the collector immediately. The collector told her that the debt was occured in 2004 but since she took over the business, she assumes the responsibility for paying this bill. Since 2004, the restaurant have changed managements twice and this is the first time that she's heard of this debt.
Is my mom is liable for this debt or not? And if not, what does she need to do next?
Thanks so much.
Answer Yuna:
Thank you for your inquiry. While I appreciate you mothers position and desire to respond, I am not in a position to provide legal advice. I would suggest that you speak to an attorney to verify that none of the previous owners debts were assumed or transferred to her if not disclosed. I wish you the best in resolving this matter.
Respectfully,
Christine Janklow
