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Business Debt/Partner wrote bad checks

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Expert: - 11/19/2008


Question
I am a member of a LLC and have a business partner. My partner wrote a $4400 check that bounced. The lawyer of the contractor receiving the check is now threatening me with fines and criminal charges even though my partner signed the check; which I was unaware of. Is there any chance that I could be kept out of this and not face the penalties? I am learning he has done this in the past (unfortunately I am now just learning of his history). Thank you.

Answer
James:
Thank you for your inquiry. Your partner (you as an officer) or the company may be subject to be reported to the County District Attorney office and be asked to pay restitution on reported checks. It is a crime to pass bad checks, and if convicted it is punishable in some states by imprisonment and fines. I am not an attorney and can not give legal advice, therefore I strongly recommend you seek legal counsel to advise you of your rights or liability to this claim. You can visit www.findlaw.com, www.lawyers.com or www.lawhelp.org to get the name of an attorney in your area. Good luck.

Respectfully,

Christine Janklow

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Christine Janklow

Expertise

As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a business after debt is eliminated. Please ask it now! For more information regarding how debt settlement can help your business, please visit www.SettleSource.com and place your inquiry. Mention All Experts to have a confidential no cost consultation with Christine. If this is your business situation time may play a very important factor in getting matters resolved proactively before they have negative affects on the business.

Experience

My expertise is specific to providing business solutions that will have profound positive impacts on the financial health of businesses. I have 25 years experience as an entrepreneur and have developed national sales programs; strategic alliances; product development; marketing programs; business and turnaround plans and debt settlement programs all providing methods to improve the financial outlook for large and small businesses. In the area of commercial debt settlement I have over 10 years experience working with large and medium corporations and closely held businesses to enable successful debt reduction and turnaround. I am a professional debt arbitrator and have negotiated with major banking institutions as well as vendors, suppliers and other trade creditors.

Organizations
Provisors;Turnaround Management Association; Los Angeles area

Publications
Accounting Today; Web CPA; National Restauarant Association;Los Angeles Daily News; Today Magazine Monthly series of business articles entitled "Brand News."

Education/Credentials
Bachelor of Business Administration; Associate of Arts Merchandising

Past/Present Clients
American Airlines, American Express, Safeway Inc., New York Life, consumer products manufacturers; retailers, food service industry and other small businesses and service providers.

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