Hello everyone, newbie here. Great site, you have to love the internet these days.
I am about to file personally and on two businesses. I was sued by two different people who claimed sickness due to mold growth. I lost one case and I'm going to lose the other. My creditors started getting scared and called in my credit lines and demanded payments on 30 days instead of 90. I own a medium sized development/construction company and credit lines are an absolute necessity.
Here is my problem. The combined amount is about 2-3 million unsecured. It is unsecured because the buildings were done and the bank loans paid off, but suppliers and sub contractors had not been paid yet.
I live in a large city, but due to the amount one of the local TV stations has been hunting for me. I came home on Monday and noticed a Suburban parked in front of my home. I open the garage (I'm driving my H2 of course) and the reporter could see my sports cars parked in there also. I heard him mention something about my cars, which I will maintain the payments on, as the door was closing. He then stood on the front porch with the camera man and banged on the door in front of a few of my neighbors. It was horrible. My wife and kids inside, crying. Anyone of you had this happen and if so what did you do?
I am about to file personally and on two businesses. I was sued by two different people who claimed sickness due to mold growth. I lost one case and I'm going to lose the other. My creditors started getting scared and called in my credit lines and demanded payments on 30 days instead of 90. I own a medium sized development/construction company and credit lines are an absolute necessity.
Here is my problem. The combined amount is about 2-3 million unsecured. It is unsecured because the buildings were done and the bank loans paid off, but suppliers and sub contractors had not been paid yet.
I live in a large city, but due to the amount one of the local TV stations has been hunting for me. I came home on Monday and noticed a Suburban parked in front of my home. I open the garage (I'm driving my H2 of course) and the reporter could see my sports cars parked in there also. I heard him mention something about my cars, which I will maintain the payments on, as the door was closing. He then stood on the front porch with the camera man and banged on the door in front of a few of my neighbors. It was horrible. My wife and kids inside, crying. Anyone of you had this happen and if so what did you do?
Trump be prepared.
hhou812hh - hit the nail on the head, no pun intended for your contracting company. Where is the storm, thunder & lightening when you need it, I can't wait for his answer to this (of course he probably does have good advice) 
I'll be watching, you may never know when or how, but I'll be there. I am there now....
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