Legal Question in Credit and Debt Law in Pennsylvania

Attachment of a debt instrument

I would like to ask a question regarding a series of loans I made to an individual in different occasions (within a year, between 1999 and 2000) for the business located in Pennsylvania. The individual signed a promissory note each time for the amount He received, stating in the note a 40% share of the business and properties acquired by the corporation to me. Bottom line is He doesn't want to pay what was agreed upon, and my gut feelings is that he doesn't want to pay not even the money I lent him, now he is selling the business and properties. I would like to attach the promissory notes to the deed of the properties. I need help in doing that.

Thank You

Luis


Asked on 9/06/05, 4:34 pm

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: Attachment of a debt instrument

Without a judgment you cannot attach the notes as a lien on the property. I suggest you contact a lawyer to discuss ways to insure that the corporation has assets to pay your loan. I offer free consultations.

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Answered on 9/13/05, 12:36 pm


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