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Convertible Note Issue — convertible note maturity extension

Started by desperate_tenant_IL · Apr 2, 2024 · 1,728 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DT
desperate_tenant_IL OP

Quick background on my situation — any input appreciated.

convertible note maturity extension. I've been dealing with this for about 11 months now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

Has anyone been through something similar? What worked for you?

TL
Mod_TermsLaw Moderator

Licensed attorney — a few thoughts. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

HC
HRManager_Chicago

I've seen this play out several times in my field.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

DC
desperate_creator_2024

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

DS
desperate_student_NC

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

TS
throwaway_student_question

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TH
throwaway_homeowner_MA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

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