If you own a business through a corporation or limited liability company, you should not be personally liable for the company debts. That is one of the reasons you set up a corporation or a limited liability company in the first place. It is a different story if you sign a personal guaranty for a bank loan or
Personal Credit Cards Often Overlooked In Asset Protection Planning
If you and your spouse (or you and anyone else) have a joint credit card account, then both of you are fully liable for all the credit card debt. Many couples open a joint account for convenience. But keep in mind that if your spouse or partner runs up a huge credit card bill, you