Legal Question in Business Law in Illinois

I've breached contract for non-payment and can no longer afford to pay.

I am in the middle of an online database search contract, obligated to pay a monthly fee for (12) months. I have made 50% of payments, but my business is so crippled I cannot possibly afford to pay the remainder. The vendor has turned off my passwords, and I am unable to use the site.

I accept that I am at fault. Do I have any way out? (Bankruptcy is not an option.) Thank you.


Asked on 2/26/09, 12:50 pm

1 Answer from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: I've breached contract for non-payment and can no longer afford to pay.

Without seeing the written agreement, a complete answer cane not be given, perhaps you can explain the situation to the vendor and see if the vendor will accept a partial buyout. Good luck.

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Answered on 2/26/09, 1:52 pm


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