Legal Question in Credit and Debt Law in Michigan

I sold my business 8 and a half years ago . Payments. Were set up at 2089.00 per month for ten years. June 2009 their accountant sent me a letter asking me to take 1900 per month due to finacial problems new owners were having. I refused because they wouldn't allow me to check things out myself. The next month they sent me only 1500 and have paid only that amount until June 2012 . Then they stopped sending me anything at all. There is still a year and a half on the contract. What do I do?


Asked on 7/07/12, 12:09 pm

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Time to hire a business lawyer and file suit. Unless they are truly bankrupt, you need to strike fast. Tim Klisz kliszlaw.com

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Answered on 7/07/12, 12:14 pm


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