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?

Thanks,

Laura

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