Hope Notes – Improving Collection on Purchase Money Promissory Notes in Business Sales that are Subordinate to a Senior Loan
Hope Notes – Improving Collection on Purchase Money Promissory Notes in Business Sales that are Subordinate to a Senior Loan By: Charles A. Guerin, Shareholder at Munsch Hardt Kopf & Harr, P.C. Sometimes business sales are structured so that part of the purchase price is the Buyer’s cash, part of the purchase price…