Vent: convertible note maturity extension is ruining my life

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.
Started by average_joe_8 · Aug 9, 2024 · 1,173 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AJ
average_joe_8 OP

Quick background on my situation — any input appreciated.

convertible note maturity extension. I've been dealing with this for about 7 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What's the typical outcome in situations like this?

RD
reasonable_doubt_dave_27

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.

LB
looking_business_68

Just went through this. Happy to answer questions via DM.

TC
tired_contractor_52

This is exactly why I started documenting everything from day one.

CU
curious_user_28

Following this thread - very interested in the outcome.