Legal Question in Business Law in Maryland

i sold assets of a closed business to someone and they still owe me money past due (18889.00) how can i get the money or assets back in maryland..


Asked on 8/30/10, 2:01 pm

2 Answers from Attorneys
Phillip M. Cook Cook Legal Services, LLC

Hire a Maryland lawyer. He can send a demand letter to the debtor and negotiate a settlement. If the other party is not willing to pay what they owe (at once, in the form of a payment plan, or otherwise), you will need to sue to get your money back.

Best of luck.*******The above is for informational purposes only and does not create an attorney-client privilege.*******

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Answered on 9/04/10, 2:30 pm
Kevin B. Murphy Franchise Foundations, APC

The other attorney is right on point. You need to get ready to file a lawsuit if a demand letter does not produce results. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 9/04/10, 3:59 pm


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