California  |  Business Law

Legal Question

Asked on: 10/30/11, 8:32 pm

I sold my clothing business 5 years ago to a former employee for $175,000.00. This included $100,000.00 of inventory $20,000.00 worth of store fixtures. The rest was blue sky for a successful operating business. She put $20,000.00 down and paid interest only for 3 years then stopped paying for the last 2 years. 10 days ago she cleaned out the building and took all the inventory and store fixtures. She and her parents personally guaranteed a promissory note. I don't have enough money to hire a lawyer right now to "go after" her. I want to take her to small claims court to get the store fixtures returned (or have her pay $5,000.00) so I can reopen the store myself. This is my question. If I sue her for the store fixtures now, will that make it legally impossible for me to sue her later (in a few months) for the $135,000.00 plus back interest she still owes? Do I have to sue all together or can a sue her in parts?



Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

70 Answers given in the last few hours.

86611 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search