Legal Question in Criminal Law in Indiana

A potential buyer of our business stepped in last summer to "run" things. A purchase agreement was never signed and the business has closed down. During the time the prospective buyer was supposed to be handling the financial aspects of the business, very few bills were paid, accounts were opened in the business name without the owners consent or knowledge. Is there any legal action the owners of the business can take against this person? The amount of debt that this person incurred over the course of 9 months is estimated to be aprox. $50,000. This amount could be more as we are finding more and more things out on a daily basis. Debt the business had prior to the person "taking over" and was being paid monthly by the owners had not been paid at all during the 9 months and the owners are now being sued for non-payment towards these debts. There was a document signed by both parties half way through all this, which was predated, stating that this person was taking over all monies made by this business each week and would be responsible for paying all bills, knowing that the company was not making enough money to cover all costs, therefor covering the cost of expense personally. This document may not even be legal because at the time it was signed, the company this person was using had been dissolved.

Asked on 4/19/10, 4:26 pm

Jay Rigdon Rockhill Pinnick LLP

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Yes, you should sit down with an attorney to find out all your options for a civil suit.

Answered on 4/24/10, 5:06 pm

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