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Recent Redemption questions

I am being pushed out of an LLC that I am a 30% partner in

Hello, I am being pushed out of an LLC that I am a 30% partner in (3 partners total including me). There was a dispute over a substantial amount of money in the business account being transferred into the majority partners personal account as well as another account for a business he owns 100% of with no discussion amoung partners. When I questioned him about it we had an arguement which led to me being given a securities redemption agreement in which the price for my shares is ridiculously low. I mutually want to resign from the company however have been threatened that if I don't take the low ball offer I will be voted out of the company by a 2/3's vote. I have not taken a draw from profits in a couple months and The fair value of my shares is far more than what is being offered. Here are my questions:Is it legal for the partner that owns 60% to move company profits into his personal accts?The scope of work is not defined in our operating agreement and I am not in breach of what the agreement does state as "cause" for removal. Are there any other legal grounds in which I can be voted out of the company without compensation or what is owed?FYI this business is based in GAAny advice that can be offered would be greatly appreciated!

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

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My house has been in foreclosure a time. Chase has

my house has been in foreclosure a long time. Chase has repeatedly postponed the sheriffs' sale, for whatever reason I don't know. but many times. Just recently I discovered, by checking with Chases local attorney for whether it was to be postponed again or not, that the foreclosure had been , in their words "cancelled", that the property is not in foreclosure anymore. When I called Chase someone there told me their limited records showed "foreclosure suspended". My question is as to whether at any moment I can receive a new , near-term sheriffs sale notice, or if when the foreclosure has been suspended, does the mortgage company have to start over again, IE bill me, see if I go into default, then serve notice of intent to foreclose, proceed with foreclosure, the ensuing redemption period of 6 months, etc.

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Delta-Lawyer

Doctoral Degree

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We have a company "redemption agreement" where I

We have a company "redemption agreement" where I use this contact I'm given by my attorney to basically BUY units back from my employees.In this situation, Im buying back about half of my one employee's units. In the contract, there is a GENERAL RELEASE clause that says the following style things:"The individual forever and knowingly acquits Company of any claims, demands, etc., and that this clause doesn't apply to any matter with the Company's obligations under this general release agreement."We leave this in for FULL redemptions when an employee is leaving the company. But, is it wise to take this OUT of my contract if it's a partial redemption and my employee is still staying with me? Can we have them waive these things if they continue to work with us, and should we leave it in?

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Maverick

Doctoral Degree

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I'm trying to buy this property in the Clark County auction

I'm trying to buy this property in the Clark County auction here in Las Vegas, and the has a Recorded document "Notice of Pending Action" recorded by the Owner about 3years ago before the property going to the auction.JA: OK. The Lawyer will need to help you with this. Because laws vary from state to state, could you tell me what state is this in?Customer: NevadaJA: Have you consulted a lawyer yet?Customer: noJA: Is there anything else the Lawyer should be aware of?Customer: noJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Lawyer about your situation and then connect you two.

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LawTalk

Attorney at Law

Juris Doctor

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I purchased a tax sale property in June 2013 in Shreveport

I purchased a tax sale property in June 2013 in Shreveport La and the owners have not redeemed, their 36 months will be up next month, what legally can I do after next month?

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Dwayne B.

Juris Doctor

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USAA banking service changed my credit card from MasterCard

USAA banking service changed my credit card from MasterCard to Visa about 2 weeks ago. I called USAA about this change. I was told by 3 different USAA representatives I had $111,580. dollars in reward points. 1 point equals 1 dollar. Each time I called "I said this did not make sense to me, I have over $100,000. to spend on travel." "One point is one dollar that I can spend." My points were NOT on a grid, or scale like they were with MasterCard. I called USAA on 4/1/16 to redeem my Visa Rewards points for traveling and was told 1 point equals 1 penny.All my calls were recorded and on 5/5/16 I was told by a supervisor that they were going to speak to each representative about "... giving me such horrible information" I believe USAA changed the conditions of my Rewards points after noticing their mistake. Do I have a case for having USAA honor the conditions I was first stated?

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P. Simmons

Attorney

Doctoral Degree

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I have a question on judicial foreclosures in Utah. Suppose

I have a question on judicial foreclosures in Utah. Suppose a homeowner was foreclosed on by an HOA.I believe Utah law allows six months to redeem the property.I'm wondering if a bankruptcy can extend that time. Example: Homeowner has six months to redeem, but at month 5 he files chapter 13 bankruptcy. He owes exactly $6,000 on the HOA lien. He goes into a chapter 13 plan and pays $100 a month for 5 years to catch up the HOA lien to get his property back. Is this a valid strategy or is the 6 month period absolute? Does the chapter 13 bankruptcy toll the 6 month limitations window up to five years?

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William B. Esq.

Attorney

Doctoral Degree

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Bonding company withdraw - judge agreed - judge said we did

bonding company withdraw - judge agreed - judge said we did not have to pay any more - several days later bonding company called and said we had to pay $533 with one day or we would having to pay the entire balance which is $2,700. We have paid regularly - question: when the bonding company withdraws on their own - having nothing to do with my son - i have calling and have not found an answer PLEASE HELP

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Phillips Esq.

Attorney

Juris Doctor

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My name is ***** ***** and i just found out i have a UD

My name is ***** ***** and i just found out i have a UD pending. I wanted to know can i pay all the costs and fees before court?JA: Thanks. Can you give me any more details about your issue?Customer: I am behind on rent (March) and i just found out i have a UD pending. Didnt receive any notices on my front door.JA: OK got it. Last thing — Lawyers generally expect a deposit of about $36 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

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legalgems

Juris Doctorate

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12,874 satisfied customers
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