Forgivable Loan and Promissory Note Disputes

New York – Los Angeles – Miami Forgivable Loan and Promissory Note Dispute Lawyers

Brokerage firms commonly recruit registered representatives (brokers) to gain access to their books of business. Typically, brokerage firms offer up-front payments in the form of forgivable loans or promissory notes to lure brokers.

If the broker stays with the brokerage firm through the duration of the forgivable loan or promissory note, the broker is not obligated to repay the money if the broker then leaves the firm. But if the broker resigns or is terminated before the loan or note is fully forgiven, the brokerage firm generally expects the broker to pay back to an unforgiven portion of the loan or promissory note. But there may be circumstances that justify your refusal to repay the outstanding portion of the loan or promissory note, including fraudulent employment law practices, false promises, wrongful termination, or breach of contract. Such circumstances could form the basis for counterclaims against the brokerage firms.

Contact An Experienced Attorney for Legal Counsel

Dimond Kaplan & Rothstein, P.A. provides legal counsel to brokers and other securities professionals who are being sued or have been threatened with suit for the failure to repay forgivable loans or promissory notes.

Our attorneys will provide aggressive negotiation and litigation services to brokers who involved in the forgivable loan or promissory note disputes. Contact us today for a free consultation to discuss your options at 888-578-6255 or fill out the contact form below.

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Employment Disputes Areas of Expertise

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Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182