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***Fraudulently Conveyed Goods

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Alpine Al

We are a Deleaware LLC, officially based in Massachusetts.

About 1 year ago, we purchased about $30K worth of computer equipment from a large wholesaler, on open account terms (net 30).

In October of last year, we let all but 2 of our employees off and sold off most of our extra equipment, including the computers which were not totally paid for.

We have sent the wholesaler a proposal to pay off the account in full over a period of two years and they have balked at the proposal, saying that by selling the un-paid for equipment, they can and will come after us criminally for "fraudulent conveyance of goods, which we did not hold title to".

Do they have a case here?

The wholesaler is located in New Hampshire, we never signed a personal guarantee and we have now physically moved to New Hampshire.


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