Legal Question in Business Law in New Jersey
i owe someone money from my business and they are getting a judgement against me for it . i attempted to pay a portion of it but they returned the check to me. if they are trying to get money from me through the courts is there a reaspon why they wont take the money
Asked on 12/21/09, 5:49 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
I always advise clients to take the money if the check is unconditional (not marked "paid in full.") Maybe they are acting under the Security Agreement or Pledge Agreement to declare a default and trying to take away your interest in the business. You definitely need a good business attorney to review the documents, defend you in the litigation, and negotiate a resolution to the problem.
I hope this helps!
Ron Cappuccio
www.BusinessEsq.com
Answered on 12/27/09, 10:00 am
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