North Carolina  |  Business Law

Legal Question

Asked on: 7/11/12, 8:56 am

I sold a landscape business to an individual in 2011. We made a contract stating the terms for payment and listing all property included in the purchase. The contract was signed, dated and witnessed by a 3rd party as well as the puchaser and myself. The contract specifies that I have a lein against the physical property that was purchased until the terms are satisfied. The purchaser is currently extremely delinquent and has also sold some of the physical property ( a trailer ) but did not use the proceeds from the sale for payment to me.The purchaser owns several assets, can I force sale of these? What are my options at this point? BTW I live in North Carolina. Thanks for any help.

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