Do you know the business form the former companys were using, LLC ,, INC
sole prop., partnership ????
That would be a good place to start. Beyond that, I they offer a "payment plan", I
would insist that both the company and any officers, family members, etc., sign
a note that was interest bearing (with a provision that said interest may be
waived upon the last payment of the principal amount. You may be able to
sell a note, but it surely would need to be interest bearing.
Best bet if no note, SUE.
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