Question

  04/17/12, 3:03 pm
my dad is being sued to collect a 200 grand debt that he owes. a commercial building is collateral for that debt, and he wants to know if the building does not cover the debt plus interest that has accumulated plus attorney fees can the suing party take more that what is collateral?
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United States   |   California  |  Civil Litigation Law
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Answer

Darrell York Says:

Apr 17,2012 9:01 PM

Yes they can sue to recover the entire amount of the debt. You dad needs to hire an attorney in your area asap.


Darrell York
Law Offices of Darrell J. York
27240 Turnberry Lane, Suite 200,Valencia, CA 91355
866-908-2121
http://www.djylaw.com

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