Q: I have decided to close my retail store in Pensacola Fl. and want to know if I should have a store closing sale first
and then hire an attorney to help settle any debts that I may end up with after paying off most of my debtors. It is a corporation and I have some secured debts from it but a sale should cover all of them. I do have more unsecured debts for purchases made for the store that the proceeds may not be enough to cover. The professional retail closing company I have contacted specializes in maximizes returns in store closing sales. I guess I need to know which to do first. Sale first and then attorney or the other way around?
A:
If I understand your situation correctly, you are saying that if you conduct a sale first, that you may be able to net enough funds to cover all of the secured debts. I would say that based upon you situation, that conducting the sale first, is your best course of action as it should net you the funds to clear and pay off the secured debts. Then I also understand that you may have unsecured debts that you will not net enough funds to cover.
I will be happy to assist you in any way needed whether now or after you do the sale. I have helped many clients throughout my 20 year law practice with debt collection issues.
My office is located in Santa Rosa Beach, FL but I come over to Pensacola on a weekly basis usually on Wednesdays. My number is: 850-685-3091 if you would like to discuss this matter in further detail.
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