S
Soul_CreeD
Guest
What is the name of your state? Maine
Few facts first....
The company involved I used to work for.
I am a 2% share holder of this company.
I loan the company $3,000 a little over 2 years ago. They were making payments of $200 a month. Well that was the intent but some months went without a payment. The oney i lent was borrowed from my own available credit. inevitably the loan is mine sinces its in my name. but the company owes me personally, to which when they pay a payment I send it on to the pay the loan I took out. We went through a spell after i quit working there where they refused to pay anymore money till I proved they owed the money. Well i proved it and they began makin payments again. They agreed they owe the entire balance of my loan. I charge them the same interest and late fees that my creditor charges me. So in the end it should come out in the wash. The real catch to all this is that one of the owners informed me that they would be closing their doors in about 3 months. no longer able to stay in business. I had originally lent them the money to buy equipment and hard goods for a fundraiser to benefit the world trade center attack. Knowing that they are going out of business, can i take them to court and ask the judge that some equipment be tagged as collateral so i can get repayed if they go under. Or am i screwed since it was unsecured from the beginning.
Thnx
Few facts first....
The company involved I used to work for.
I am a 2% share holder of this company.
I loan the company $3,000 a little over 2 years ago. They were making payments of $200 a month. Well that was the intent but some months went without a payment. The oney i lent was borrowed from my own available credit. inevitably the loan is mine sinces its in my name. but the company owes me personally, to which when they pay a payment I send it on to the pay the loan I took out. We went through a spell after i quit working there where they refused to pay anymore money till I proved they owed the money. Well i proved it and they began makin payments again. They agreed they owe the entire balance of my loan. I charge them the same interest and late fees that my creditor charges me. So in the end it should come out in the wash. The real catch to all this is that one of the owners informed me that they would be closing their doors in about 3 months. no longer able to stay in business. I had originally lent them the money to buy equipment and hard goods for a fundraiser to benefit the world trade center attack. Knowing that they are going out of business, can i take them to court and ask the judge that some equipment be tagged as collateral so i can get repayed if they go under. Or am i screwed since it was unsecured from the beginning.
Thnx