Debt Collection

If you create an LLC or Corp and you invest using 100% business credit with no personal gaurantee and business doesn’t go so well, what happens to the debt? Do you close down the entity and the creditors write it off? Does it effect your personal credit if there is no PG? Can they come after you?

They are entitled to all the assets of the corporation and could come after you as the principal for any deficiency. You could be on the hook personally if you misappropriated or misused funds.