George Brought a Sealed Legal Folder to His Son’s Wedding in an Atlanta Hotel
“But he made a fatal error,” Brenda said.
“He used Kingsley Timber as the financial guarantor for the wedding vendor contracts.”
She slid a second thick document forward.
“Kingsley Timber holds supply leases on three warehouses in Savannah,” Brenda said.
“All three are seriously behind.”
I read the balances printed on the page.
The total was more than four hundred thousand dollars.
“If we issue an immediate default notice on the hotel vendor space, it triggers a cross-default on his timber obligations,” Brenda said.