Legal Question in Business Law in Illinois
business law
the buyer of my business does'want paythe rest of the money he signed to pay.it is been 10 months what are the legal steps to take back my business fast
Asked on 1/29/08, 3:37 pm
2 Answers from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: business law
There probably is no "fast" way to go about it, unless you can get the buyer to agree. Assuming the buyer does not agree to return your business to you, you will need to sue him to either recover the money you are owed, or try to have the business or its assets returned to you.
Answered on 1/29/08, 3:57 pm
David K. Staub
Staub Anderson LLC
Re: business law
Did you get a security interest in the assets (assuming you sold assets)? If so, the security agreement may provide you rights that will speed up the process.
Answered on 1/29/08, 6:50 pm
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