Paying three hundred thousand dollars of debt before being ordered out of the house
“We have the ledger,” David said, his voice slow and even. “The eighty thousand dollars from Clare’s personal consulting bonus went directly into clearing the bank guarantees. Because she structured that payment as a secured loan to the corporation rather than a capital contribution, she is the primary creditor.”
Marcus rotated his gold signet ring twice, his fingers twitching against his knuckle. He looked at his attorney, his face pale under the office lights.
“She cannot just take the corporate shares,” Marcus said, his voice rising in a rapid burst of defensive energy. “The company still has active clients on Cary Street. We have three proposals pending with the state. We can turn this around in sixty days.”
“She already has them, Marcus,” Fletcher said, shifting a thick folder of incorporation papers to the center of the desk. “You signed the debt clearance agreement last Tuesday without a secondary review of the collateral schedules. That agreement specifically pledges your personal shares to the primary creditor in the event of default.”
