Legal Question in Investment Law in Texas

Breach of contract

I invested in a limited partnership in a real estate development. I was classified as a ''D'' partner. I was to be repaid in 90 days. I granted an additional 60 days.

I have yet to be paid and it's been 11 months now.

If I sue and win, which appears clear cut to me. And the LP says it has no money to pay me is it possible the court will grant me a lien on the 138 acre development so as to make good on my claim?


Asked on 11/14/07, 11:55 am

1 Answer from Attorneys
H.M. Torrey The Law Offices of H.M. Torrey

Re: Breach of contract

Yes, if you obtain a judgment in your favor, your remedies as a judgment creditor are usually bank levies, wage assignments and/or property liens, whenever the judgment debtor fails to voluntarily pay the award amount.

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Answered on 11/14/07, 1:06 pm


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