Legal Question in Business Law in Minnesota
business law
We had to let an employee go due to attendance problems he owed us money for a advance at the time he threatened us when he left if he took alll this money out of his last pay check since then we have had nothing but problems he signed a loan paper stating he would make bi weekly payments its been over 3 months and we have not gotten anything from him we are set to pay his IRA in April but we don't want to pay him this money since he still owes us money what are our legal obligations
1 Answer from Attorneys
Re: business law
I will need to review the "loan paper" he signed, but you will likely be able to offset obligations based on the amount due if the writing permits that.
Otherwise you will be required to enforce the loan as any other creditor (sue, obtain judgment, pursue collection thereof).
Call or email for further assistance. I have 28 years experience in Debtor/Creditor law.
Related Questions & Answers
-
Help with purchase i wanted to purchase 2 narcotic dogs for my business. i gave... Asked 10/05/08, 5:30 pm in United States Minnesota Business Law
-
Patent If a employee of a company were to create a product to be sold by the... Asked 9/29/08, 5:28 pm in United States Minnesota Business Law
-
Stockholder Inquiries If a company has the responsibility to provide financial and... Asked 9/25/08, 11:48 am in United States Minnesota Business Law
-
Corporate responsibilities Does a small public corporation have a legal... Asked 9/24/08, 2:35 pm in United States Minnesota Business Law
-
Boarding cats I have been boarding 2 cats for an owner. He said they would be here... Asked 9/13/08, 10:40 am in United States Minnesota Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
