His business debt grew to $300,000, but he has since paid it down to $140,000, he said.

He then found out his brother had large business debts.

The grand total: $462,000 in personal and business debt.

There are several sources of advice available on business debt, including:

The burden of American business debt has dangerously increased in recent years.

What other business debt do you have, and who are your creditors?

"But you are never far from vulnerability, and business debt is now one of the vulnerable areas."

Hence the business debts, and of course the profits, are the proprietor's alone.

A child might face business debts that could force a home to be sold.

Then there are unforeseen business debts a child may run up.