Legal Question in Credit and Debt Law in Alaska

I have a franchise of a brand and signed agrrement for two years as they shown me the projections while I signed actually I couldn't achieve 10% of that in 9 months and I beared 9 - 10 lakhs of loss in this 9 months period. Now I don't want to carry there brand. I sent letter of dissociation and stopped payments that I supposed to pay royality for 4th quater of the year and I clearly mentioned on dissociation letter that I stopped these cheques in bank with marked copy to bank before one month of issued cheque date. They knows that I already stopped payment even then they put cheque in bank and cheque was dishonoured because of insufficient funds and I was clearly mentioned before in dissociation letter that I have no more money to pay you and to take center expense load. Now they put complait case against me under section 138.Please advice me what action will take court against me because I was not done intentionally but they done everything intentionally because they knows there will not be money in the bank and they will get advantage of dishonoured.


Asked on 6/19/10, 6:35 am

1 Answer from Attorneys
Terrence Thorgaard Thorgaard Law Firm

They have sued you in Alaska?

Section 138 of the Alaska Statutes? Which Title and Chapter? It would be A.S. ___.___.138.

Generally, if you purchased a franchise, they would be suing you for the balance of the purchase price. It is also possible that they could get other damages, such as incidental and punative damages. If they obtain a judgment it will be for that, plus costs, interest, and attorney's fees.

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Answered on 6/23/10, 8:04 pm


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