Paying three hundred thousand dollars of debt before being ordered out of the house
Marcus frowned, his gaze darting between his lawyer and his mother. “Of course I did. It was the standard release of the personal guarantees. I signed it so Clare could execute the ninety-five thousand dollar wire to the primary creditors.”
“It was not a standard release,” Fletcher said.
Arthur turned away from the window, his hands still deep in his pockets, his forehead creasing as he took two slow steps toward the table.
“What does it say, Thomas?” Arthur mumbled.
Fletcher tapped the paper with his index finger. “Paragraph four structures Clare’s payment of the corporate liabilities not as a capital contribution, but as a secured personal loan to the corporation. In the event of any material misrepresentation of corporate assets, the outstanding debt becomes immediately due, and the corporate shares transfer entirely to the lender.”
Marcus’s face flushed a deep, mottled red. “That is absurd. You cannot just steal my company, Clare. I founded Webb Consulting.”
“You did,” I said. “And then you loaded it with three hundred thousand dollars of debt, which I have now purchased.”
