A Nevada LLC with offices in New York made a $65k loan to a Texas Corp that bounced a check to repay and now we want to declare defualt. The agreed upon payoff was 30% on top of the $65k on the one year anniversary.
1. Does Nevada, NY, or Texas laww apply amd will I be able to collect my 30%?
Note: The promissory note states the rate of interest will be the lower of the 30% as agreed or the highest allowable by Nevada law. I also have a PG from the owner of the business.
Can I go after these deadbeats? They haven't paid a dime in interest or principal to date...