QUESTION
I loaned my employer $60,000. He signed a promisory note but has kept the terms. Can I put a lien on the business?
Asked on Jan 13th, 2014 on Debtor and Creditor - Florida
More details to this question:
He is in danger of closing the business due to lack of finances. Can I put a lien on the business so I claim equipment as payment if he does close the business? I'm afraid that the landlord will claim the equipment if I don't put a lien on it first.
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
No, unless you have a judgment or a contract that securitizes the assets or allows a "lien" such as a UCC-1. Unfortunately, you can't just lien stuff after the fact.
Answered on Jan 13th, 2014 at 3:24 PM
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