Author Topic: If you know anyone with a small business: send them this  (Read 308 times)

Offline lalochezia

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If you know anyone with a small business: send them this
« on: December 03, 2018, 09:44:08 AM »
Since everyone here talks about small businesses, let's get this warning far and wide.

What follows is a warning about "merchant cash advances" to businesses that skirt lending laws and put any businesses' assets up for immediate, unjustified, un-appealable seizing.

The 3-part article in bloomberg lays it all out.

The robbery is courtesy of archaic, gamed NY laws, but can affect any business whose bank has a branch in NY state..

The series is entitled: Sign here to lose everything


https://www.bloomberg.com/graphics/2018-confessions-of-judgment/
https://www.bloomberg.com/graphics/2018-confessions-of-judgment-millionaire-marshal/
https://www.bloomberg.com/graphics/2018-confessions-of-judgment-new-york-court-clerks/

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The takehome: NEVER sign a "confession of judgment" when "borrowing" money. EVER. If you do, all your assets can be taken from you, without appeal. 

Jackson Heights Life

If you know anyone with a small business: send them this
« on: December 03, 2018, 09:44:08 AM »