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 Posted: Thu Aug 16, 2007 4:07 pm Subject: In debt and making payments |
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hi,
I own a small business and own one of my vendors quite a bit of money. I have been making payments and just made $18,000 in payments two weeks ago. They are calling me again requesting more money or they are assigning me to an attorney. Can they do that if they are receiving payments even if they are past due? Thanks
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Debt Lady
Guest
Debtcc Points: 100
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| Posted: Mon Aug 20, 2007 8:00 am Subject: |
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oh gosh, that problem sounds like it would be best answered by an attorney! I guess it would depend if there was anything in your contract with the vendor about legal actions if payments were late or something.
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BethMinOH
Joined: 25 Jul 2007
Posts: 54
Debtcc Points: 1629
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| Posted: Mon Aug 20, 2007 11:08 am Subject: |
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Is your business a corporation, S Corp, LLC, partnersership or sole prop?
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3695
Debtcc Points: 30816
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| Posted: Mon Aug 20, 2007 11:12 am Subject: |
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Hi Debt Lady. I don't have an answer for you but I wanted to welcome you to the forum. Someone should come along fairly quickly who can help you out. Just wanted to offer moral support and let you know that you are not alone with this debt thing. Good luck. 
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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