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How do I file a lien against a business who borrowed money from me with a promissory note and has not paid me?
Sacramento, CA
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Posted 10 months ago in Debt Collection
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I loaned a company $35,000 and they were paying interest on this note. The note was supposed to be for one year. At the end of that year they asked if we could extend it for another year. We agreed on this. June of last year they quit paying interest and I keep writing them asking for the full amount due and they ignore my letters. How can I file a lien against them so I can be assured I will get my money back?
Additional information
All this was done legally with the company signing the promissory note. They are responsible for all attorney fees if they default on this loan. Answers (1)
Margery Ellen Golant
This attorney is licensed in Florida and 1 other state.
Posted 10 months ago.
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In most states, the process is to file suit on the note. When / if you get a judgment, the judgment acts as a lien under certain circumstances.
Since you have a significant amount to collect here, it is particularly important to do it properly - so you should contact a local commerclai litigation attorney to make sure to perfect your claim. |
