deannamaylek
Junior Member
What is the name of your state (only U.S. law)? Oregon
I sold a business in November 08. A legal contract was drawn, signed, notarized. The buyers were in default of agreements nearly immediately. I verbally re-negotiated the contract for payments and interest, and that was also defaulted on. I then re-negotiated two small payments made in the form of direct deposit, insisting that this was the last arrangement that would be made--and this was also defaulted on. I am done negotiating and at this point am concerned about business inventory and clients and in how to reposess this business without damaging its operations, or furthermore, having her do anything to sabotage it or the clientele while she is losing it. I'm not sure how to go about taking it back either--she is so far monetarily in default, can I just send a notice of reposession and then lock her out of the business? Do I have to take her to court? Please tell me. Every one says get an attorney, but I have no money for an attorney because this was supposed to be my income while going to school full time. I need to handle this on my own, and need someone to tell me where to start. Hopefully there is an attorney reading this stuff for giggles who can give me some solid advice.
I sold a business in November 08. A legal contract was drawn, signed, notarized. The buyers were in default of agreements nearly immediately. I verbally re-negotiated the contract for payments and interest, and that was also defaulted on. I then re-negotiated two small payments made in the form of direct deposit, insisting that this was the last arrangement that would be made--and this was also defaulted on. I am done negotiating and at this point am concerned about business inventory and clients and in how to reposess this business without damaging its operations, or furthermore, having her do anything to sabotage it or the clientele while she is losing it. I'm not sure how to go about taking it back either--she is so far monetarily in default, can I just send a notice of reposession and then lock her out of the business? Do I have to take her to court? Please tell me. Every one says get an attorney, but I have no money for an attorney because this was supposed to be my income while going to school full time. I need to handle this on my own, and need someone to tell me where to start. Hopefully there is an attorney reading this stuff for giggles who can give me some solid advice.