[WSBARP] DOT/Promissory Note

[Kristina Driessen]

I have a client [LLC] who sold to an other LLC with personal guarantee back in 2006. This was accomplished via DOT/promissory note with my client being the bank.

It just came seller’s attention that the buyer LLC was dissolved in 2008. He opened a new LLC and has been paying every since. My client has been sending the tax info to buyer in the name of the old LLC since 2006.

Fast forward to today.  Client obviously wants to secure his interest.  What is the fastest way to do this…….Reconvey the original DOT/promissory note,  and start over or can an assignment with seller consent accomplish the same thing?

Looking for the best practice and/or the expedite way to accomplish the same and your experts thoughts.

Thanks in advance


Kristina A. Driessen
“A” Street Legal Services, Inc. P.S
Attorneys at Law
16 A Street SE
Auburn, WA. 98002
(253) 939-0811
(253) 939-0471 fax
astreetlegalservices.com
kristina at rdattys.comcastbiz.net

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