Legal Question in Business Law in Virginia

Going out of Business

I put a deposit of $1,800 down for a top for my boat. I just found out that the business never made my top and are closing their business Friday. I asked for my deposit back and the reply was they haven't any money now but when they sell some of the machinery in the store I will get my deposit. I want to know what to do next. When they close their doors I won't have any way to even contact them. The owner of the business does also work for the government, this was just a side business for him.


Asked on 9/27/05, 9:22 pm

1 Answer from Attorneys
Jonathon Moseley Jonathon A. Moseley

Re: Going out of Business

It is not true that you won't be able to find

them, especially with a lawyer's help, just

becuase they close the shop.

Try to talk them into giving you a written

promise to pay you the deposit when funds allow.

(I hope you also have a receipt on the deposit.)

If he works for the government, he will eventually

be able to pay you back.

It is a fairly serious issue because it looks

like he took your $1800 and SPENT it instead of

holding it in reserve, and then did not deliver

the goods. This could even be a criminal matter.

But it certainly would allow you to sue him.

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Answered on 9/28/05, 3:09 pm


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