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I got one of those predatory loans from NY and signed a
I got one of those predatory loans from NY and signed a COJ.. my company went out of business last year and now the lender domesticated the judgemnt against me and my business. I live in Florida... ar… read more
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I had a confession of judgement filed on me in New York. I
I had a confession of judgement filed on me in New York. I never sent a original and was looking online and found this below. Do they really need originals not copies to file in the courts of New York… read more
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An LLC was formed in Delaware to purchase a TIC in Las
An LLC was formed in Delaware to purchase a TIC in Las Vegas, Nevada. I am the sole member but there were 34 other LLCs formed for the other investors in the property. My LLC #24 sued and was ordered … read more
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Question about sba loan and FCC filing. Here is the
Question about sba loan and FCC filing. Here is the situation....Corporation A takes out an SBA loan 10 years ago for a period of 10 years for corporation B also owned by guarantor. At the time there … read more
DamienJD
DamienJD
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I have a question if you could help. I have taken out MCA -
Hi Richard, I have a question if you could help. I have taken out MCA - merchant cash advance and my business took a really bad turn in January of this year and i defaulted on daily payments. I tried … read more
Richard
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Business loan for a closed business. Has all types of
Business loan for a closed business. Has all types of clauses in it stating reposessing collateral, liens, etc. if loan is defaulted. It was signed on behalf of the LLC.Can the creditor automatically … read more
DamienJD
DamienJD
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If a bank gets a judgement against me on a default judgment
If a bank gets a judgement against me on a default judgment on a commercial. Property that has a Llc baked by a personal guarntee can they come after another business I own that is a s corp and sepera… read more
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I have another question related to the same scenario. Actually
I have another question related to the same scenario. Actually the buyout terms that my partners are offering us are not very attractive. However we have no other option as they don't want to work wit… read more
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Richard
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I have another question related to the same issue. My partners
I have another question related to the same issue. My partners are coming up with a separate contract for the buy out. I will continue to remain on the SBA loan till they refinance in 2 years or so. S… read more
Legalease
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Doctor of Law w/ highest honors
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I bought a business through owner financing and a SBA loan.
I bought a business through owner financing and a SBA loan. I'm going to have to default on the owner financed loan which is secured by the business (goodwill, etc.) and is through me personally. I wi… read more
BizIPEsq.
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Need experienced lawyer for recovery of funds and assets from
Need experienced lawyer for recovery of funds and assets from a loan I have on a business that closed. The liquor license is a class 6 worth about $60,000 The total owed is Apx $150,000. The indivigua… read more
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As 1/3 owner of a defunct business, I am personally liable
As 1/3 owner of a defunct business, I am personally liable on an SBA loan of which I have paid my share plus. One owner has declared bankruptcy, and the 3rd owner is willing to pay his 1/3 of the loan… read more
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Hi! I have a question. I loaned my ex boyfriend $15000 in
Hi! I have a question. I loaned my ex boyfriend $15000 in two loan agreements, and an additional $10000 to his business (an LLC of which he is the sole proprietor and employee). He is now in default o… read more
lwpat
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My mother loaned my brothers business (an Illinois corporation) money in 2
My mother loaned my brother's business (an Illinois corporation) money in 2009 and again in 2010. These loans were made with signed loan agreements with all the company's assets listed as collateral. … read more
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I would like this question answered by an Ohio Attorney. First,
I would like this question answered by an Ohio Attorney. First, I live and operate a business in Ohio. Two days ago I received a default judgment in the mail from a Indiana court. The judgement was ag… read more
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will the sba portion of a business loan to a llc that is personally
will the sba portion of a business loan to a llc that is personally guaranteed be discharged in a successful chapter 7 filing?… read more
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I and a business partner have a SBA loan. My business partner
I and a business partner have a SBA loan. My business partner and I are an S Corp. We used a rental property both our families own as collateral. Our wife's are partial guarantors and we are unconditi… read more
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My husband and I bought a business 2 years ago and took out
My husband and I bought a business 2 years ago and took out an SBA loan to purchase the business. It was actually a local bank where we took the loan. THe business has not been doing well at all. We w… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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