$588,000 Judgment for Breach of Contract
A New York finance company lent almost $475,000 to a family business in the Inland Empire region of California. The debtor corporation defaulted on its loans and filed for Chapter 7 bankruptcy. Fortunately, the lender had required all of the family members who owned the business to personally guarantee the debts.
The finance company hired Los Angeles business trial lawyer Jeffrey Cowan of the Cowan Law Firm in Santa Monica, California to try to recover its money. Working with fellow trial lawyer and friend Mark Kassabian (of Buehler & Kassabian, LLP in Pasadena), Jeffrey Cowan sued the debtor family members in January 2009 in the Riverside County Superior Court for breach of contract.
Promptly thereafter, Jeffrey Cowan sought and obtained (1) a temporary restraining order freezing the defendants’ assets and thereafter (2) a pre-
Of course, a judgment has value only if it can be enforced. After Jeffrey Cowan noticed a judgment debtor exam of the principal operative’s mother-
The Cowan Law Firm
Phone: (310) 394-
Fax: (310) 394-
2049 Century Park East
Los Angeles, California
2425 Olympic Blvd, Suite 4000 W
Santa Monica, CA 90404
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2049 Century Park East, Suite 3850
Los Angeles, California 90067
Employment Attorney • Business Trial Lawyer