Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
December 2009


Word Count:
580

 

 

Buyer Defaults on Business Seller’s Take-Back Loan


Some years ago, I sold my company’s assets. As part of the transaction, I took back a note for $250,000. After making 10 payments, the buyer declared bankruptcy.

 

We took the matter to court and won a judgment in my favor for the unpaid $200,000, including a lien for this judgment against the buyer’s real property.

 

Now, several years later, I have yet to collect a dime of the unpaid monies. Worse, the bank is in line ahead of me ... Log in to view full article.

Already a subscriber?
Email Address
Password


You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee



Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development

 

SS