Is this legal? This was a private loan within a small business. I was under the assumption that the bill was paid in full 15 years ago. My only drawback is that I never got them to sign to verify the payoff.... just told me the payoff and I paid it.
I am a part owner of this business and now that we are getting ready to move on the others whip this on me. Now with all the years past and the 10% interest this turns out to be a very large debt. This is being used against me in a very cruel way....please help in any way.