More details to this question:
I was referred to a company that was going to help me in obtaining a $1 to $1.4 million loan to acquire a business. This company charged me upfront fees totaling nearly $40,000.00. I signed a contract with them which guaranteed the loan for the amount stated above by a certain date. I have not recieved a dime from them and they have not returned any of my calls or e-mails. Do I have a valid lawsuit against this company? What could I claim in damages? How do I determine of they are capable of paying a judgment prior to filing a lawsuit? How do I find an attorney that is willing to take my case?
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Based on the facts you have mentioned it does sound like you have a valid lawsuit against this company. Your damages would include your consequential damages. This would include all costs associated with dealing with the breach. ALso, if there is a showing of bad faith punitive damages Might be available as well. There are ways to determine whether the company is capable of paying judgment yet this is much to complex to explain in this letter. Also, I would need to know what is the structure of the business and where the company is located. If you have good documentation that clearly states you were guaranteed the loan AND there has been no reason on your part for the company to deny the loan, it is possible to find an attorney who will take on this challenge.
I can assist you in this matter by reviewing your documents and determining exactly what your rights will be in this dispute. The first step is to determine exactly your legal options. You must act quickly to prevent the company from fleeing the jurisdiction or lapse of statute of limitation. I invite you to contact me for a complimentary telephone consultation.
Best Regards
Codi M. Dada, Attorney at Law
Answered on Aug 27th, 2013 at 11:16 AM