New York City Debtor and Creditor Attorney
The most fundamental breach-of-contract case is where someone fails to keep a promise to pay money. The person that owes the money is called the debtor; the person to whom the money is owed is the creditor. Common debtor-creditor fact patterns involve a borrower who fails to repay a loan, and a purchaser of goods or services who fails to pay the purchase price.
But sometimes, the debtor has a legitimate reason for not paying the debt. Suppose, for example, that the debtor incurred the debt in reliance on a lie by the creditor. Or suppose that the creditor failed to keep his end of the bargain. Under such circumstances, the law may permit the debt to go unpaid. A mediocre lawyer won't develop the defense, but a good lawyer like Richard Pu will.
Richard Pu is a New York City lawyer who has represented both debtors and creditors in business litigation for 30 years. He presents the right combination of intellect, knowledge of the law, strong professional skills, experience and aggression. And, compared to some other lawyers, he's affordable.
Defense and Counterclaims
Mr. Pu frequently represents business people who incur debts in reliance on statements by the creditor. But when those statements turn out to be false, the business person may not be able to pay the debt. For example, people sometimes buy businesses in reliance on earnings projections from the seller. But if the projections were too optimistic, the purchaser won't have the cash to repay the debt. Then the debtor has to convince the court that the seller deliberately lied, and that the debt need not be paid. That's called a "fraudulent inducement" defense, something that Mr. Pu specializes in advancing.
But sometimes, the best defense is a good offense. In litigation, that means developing a counterclaim, if possible. Doing so will level the playing field, and perhaps lead to a favorable settlement. Mr. Pu works closely with his clients to develop any counterclaims they may have.
Provisional Remedies
It doesn't do any good to litigate if your adversary is doing something that renders the outcome academic. For example, if the debtor's assets are being hidden in the name of family members, or sending them overseas, that will render a victory meaningless. The law will sometimes let you freeze the status quo; it's called granting a provisional remedy. But it's a hard sell, because you are asking for relief before you have proved your case.
Only someone committed to providing vigorous representation can do this for you. That someone is Richard Pu.
Contact the Law Offices of Richard Pu to arrange for a free initial appointment. He will evaluate your case and advise you of your legal options.
Richard Pu, P.C.
120 E 90th Street, Suite 10C
New York, NY 10128
Phone: (212) 427-3665
Fax: (212) 427-6057
email: richardpu2@aol.com