Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hey Dave, Thank you for that information. I thought I would be ok. I have not started my lawsuit but i am building a case. This person does owe alot of people a lot of money and he is just walking around and still doing business as usual. He is a realestate developer and he suckered me in to a land deal that he would be a partner and then he walked away from a loan that we both are liable for. Since he doesnt have anything in his personal name the bank is looking to me. He does have assets but they are all in different LLCS. I think this was a scam he has going but i will have to wait until everything comes out to prove this. All I did was ask a question on the bill board. I have already had 3 people call me and tell me he has hung them with some bad debts. Since he is heavly involved with some banks and some lawyers in my local area, i am having to go out of town to find a lawyer to help me. I am meeting with him on Thursday. I was just trying to get some more advice and i am very satisfied with your response.
Another old saying in suits for libel, slander or defamation is "truth is the perfect defense". So long as what you say is true or is simply an opinion a suit will not be successful. Thanks for using our service - Dave
Hey Dave, Can judge or anyone legally make me take this billboard down?
The bank is planning on foreclosing on the loan that i am stuck in with my partner. Could you advise me on what i should do. I can afford to pay the notes but i am tired of paying all the debt that a land flipping developer stuck me in. The property has a debt of $500,000.00 but the property is not worth more that $300,000.00. I do not mind taking the loss but the bank is wanting to stick me with all the loss. I am also afraid they will do me like they did one of the other lots. They sold off the lot for $275,000.00 less than the loan to a person that is partners in another LLC with the same partner that is walking away from me. It is looking like some sort of scam but i cannot prove that. What would you suggest i do to keep the bank from selling of the property for a very low price and then sue me for the large remaining balance?