Are you being sued by a bank or creditor?
If a creditor is threatening your business, the first thing to do is to understand what category that creditor falls into. The way in which a business owner should deal with his or her bank, for instance, is very different from the way he or she would deal with a vendor.
The answer to “what to do” really depends on how much you will need that creditor in the future, what kind of leverage that creditor has over your business, and the severity of the threat you face; does this creditor have the capability to truly destroy your business? In the case of an existential threat to your business, you still have options to survive. You may want to isolate that threat, or you may want to use other creditors to your advantage to try to negate that threat if necessary using the court systems to your advantage.
In this situation, we advise you to seek legal representation immediately; we can make the creditor calls stop. When things go wrong or an unexpected twist comes your way, it can feel overwhelming and downright scary. Fortunately, in our twenty-plus years of experience, we’ve worked with everything from simple problems to highly complex, multi-jurisdictional restructurings and petitions. If you’re facing threats from creditors to your business, call us at 904-405-1250 for a consultation to assess your situation and determine if we’re the right fit to help your business get back on its feet.
It’s a natural reaction to hide from these problems and hope or pretend they will go away. You say to yourself, “I’m not a bad person” but you know things have gotten out of control. When the harassing calls and letters have turned into a real lawsuit. It can be a terrifying feeling. But the worst thing you can do is not communicating with the lender!
If you are being sued or a lawsuit is imminent then you need a business lawyer. This isn’t a grey area where maybe you can work it out on your own. Once a problem has escalated to this level the other side is playing to win.
The first step is the most important. Call us immediately at (904) 405-1250 for a consultation. When you arrive for your consultation, we will assess your financial situation and lay out your options. If you decide to retain our law firm, we’ll begin to advocate on your behalf with the lender and will represent you in the legal system.