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Term Sheet Review — convertible note maturity extension

Started by help_me_renter_GA · Jul 6, 2025 · 599 views · 4 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
HM
help_me_renter_GA OP

I've been trying to resolve this on my own but I'm stuck.

convertible note maturity extension. I've been dealing with this for about 9 months now and the situation isn't improving.

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

What are the risks if I pursue this? What's the likely timeline?

HM
help_me_parent_CO

Have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

HM
help_me_dev_2025

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.

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.

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

CI
confused_investor_legal

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.

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