Paying three hundred thousand dollars of debt before being ordered out of the house
David put his glasses back on and reached for the folder I had placed before him.
He spent several minutes reviewing the structured loan documents I had Marcus sign before the bank transfer went through.
“This is tight,” David said, his finger resting on section four. “You have consolidated sixty-eight percent of Webb Consulting’s outstanding debt into your own name.”
“Which makes me the primary secured creditor,” I said.
“They think they have won, David, but they did not read the terms of the debt acquisition,” I said.
David looked up, his eyes steady behind his lenses.
“They are already moving to list the Elmwood house,” he said. “Evelyn’s attorney sent a formal notice to the title company yesterday afternoon.”
“Can we stop the sale?”
David nodded, sliding a legal brief across the desk toward me.
“We can,” David said. “By proving the transfer to Evelyn’s trust was a fraudulent conveyance to evade active creditors.”
I picked up the document, the legal language clear and uncompromising.
“The timing of the quitclaim deed is our lever,” David explained. “Marcus signed that deed while his company was actively defaulting on its primary line of credit, which makes the transfer voidable under Virginia law.”
