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We were in default 73 days at the time of the summons and offered to make good the default immediately. This offer was not accepted and I am not sure how to move forward at this time. The court document mandates ADR as we are in Lexington County, SC but I am not sure what that means or how to respond to this summons. The plaintif is requesting that the enire debt be paid or he will take the ompany and seek the remainder from us personally as per the loan note.
His attorney has said that in order for the case to be dropped they would accept the full arrears $4000 plus the attorney fees $1,960 and we would have to sign a conffession of judgement.
Our company simply does not have this money at this time and it would break us. We do have the $4000 and can make future payments