Legal Question in Legal Ethics in New York

I owned a business, then I sold it. When I sold it, I held the mortgage for the new owners. They have recently bounced a payment on me, and they are 4 days away from being 3 months behind. What are my legal rights collectoing on this bad check and also taking back the business or getting them to pay up on time.

Trish Brundage


Asked on 1/19/10, 5:16 am

1 Answer from Attorneys

Elizabeth Karnazes New York Offices of Elizabeth Karnazes

You need a lawyer and it depends on your contract with them. Good luck!

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Answered on 1/28/10, 3:54 pm


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