Hi my husband and I, as shareholders of an s corp, personally and equally guaranteed the loan
taken in the name of the s corp the item (tractor) was repossessed with now a deficiency balance my husband, who now resides in a foreign country claims he isn't liable for the loan because he was out of the country at the time of repossession. He says I should pay all thing
JA: Since business law varies from place to place, can you tell me what state the corporation is registered in?
Customer: I have a trial in civil court this October and I'm hoping to win. I want a judgement against him for his share or possibly all loan because it was his tractor driving
income that paid the loan. When he left the country the payments could not be made and therefore the reposseseion
JA: Has anything been filed or reported?
Customer: I filed a civil complaint in court. The trial date is oct 16. He will appear telephoniclly
JA: Anything else you want the lawyer to know before I connect you?
Customer: nj corp by the way