Replies to post #201763 on Arrayit Corporation (ARYC)

[Anvil]

That does not mean there is a note. It means until Arrayit pays the money, they owe 10% of the remaining balance.

The university can go 2 routes. Normally, the company will provide the university with financial statements showing it financial condition and ability to pay the judgement over time.

Or the university can simply have the judge issue a writ of execution and command the sheriff to confiscate corporate assets and hold a liquidation auction, with the proceeds, if sufficient going to the University and any remaining sums go back to Arrayit.

Given the other legal problems confronting Arrayit, i would just file a writ of execution and liquidate the company.