Do i dissolved my IT Company due to debts or go for myself as a bankruptcy

Last year, i started a LTD company. I have two good clients which were paying huge amount for their projects. So i take a loan to complete the projects within 3 months my client went bust. Our bank account went £9000 overdrawn without an overdraft. Now the debt agency is chasing me for the money. Do i declare myself as bankruptcy? Will declaring bankruptcy cause problem to my company?
I was thinking that i appoint my father as new director of the company and declare myself as a bankrupt.

In Texas, does collector take me to court?

I am form Texas and I have taken a vehicle previous year. Somehow I could not pay the installment. My question is that Under Texas law what cans the creditor do to me and my vehicle to collect the deficiency?

If I return my vehicle to voluntarily does they contact me for the paying any deficiency?

Debt Story : Posted by: John

Recording Phone Conversation with Debt Collectors

There are many harassing and abusive tactics a debt collector may undertake to refund the amount they have given. If you find the debt collector using illegal techniques and violating the Fair Debt Collection Practices Act in the dealings, you might collect proofs which will act as evidence against them or to turn the matter over to your State Attorney General’s Office. This can be done by using a mini recorder, or your computer, a microphone, the telephone listening adapter or a recording software and record the conversation with the debt collector.

While recording the conversation make sure that you mention the date, and the person’s name you are speaking with and to which collection agency he works for. This kind of evidences will prove successful and will go a long way in court making sure that you are not mistreated. This tactic often puts the person you are speaking with on the defensive. You are advised to use such tactic when the situation worsens after the conversation and the collector has broken the law.

Regardless of some state, it is illegal to record conversation without the permission of both parties. Twelve states have passed the law and made it illegal to record a phone conversation without all parties consent. While the other 38 states has declared legal to record a conversation as long as one party gives consent to the conversation.