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Review: My office has found its self on some bad times due to a client who files a Chapter 11 which clearly exempted us from all payments due, We were forced into doing business with a company called Royal Pawn of [redacted]. This office clearly understands business. However we have won and completed U.S. contracts which Royal Pawn was fully aware we were waiting on payment from the U.S. Government and offered written proof on March 19, 2012 after paying a total of $1,638.90 in interest from April 07, 2012 to March 2013. I explained to the owner we would be in within (2) days to pay the full amount which is in excess of $2,200.00 due in current interest and loan amount. I was told by the owner on March 19, 2013, He will not wait for are U.S. Government payment of excess of $9,700.00 plus to arrive. I feel it is clear the value of keeping these tools out ways the value of accepting full payment as agreed. Due to the losses of excess of $8,728.00 we must consider going out of business and leaving roughly (5) local employees out of work since we cannot recover this equipment on a retail level. The original loan amounts where $1,200.00 and $100.00 in loans The equipment Royal Pawn is in procession of on the $1,200.00 loan is as follows, A Commercial 2011 Greco 3550 Power Washer, Value $2,300.00 2011 Greco 495 Airless Paint Spray (New) (Non-Used) value of $1,750.00 2011 695 Greco Airless Paint Sprayer value used (1 Job) current retail value $1,990.00 New in box Heaper Vacuum, value $400.00 The $100.00 loan was as follows a Dewalt chop saw with a value of $450.00 and a (18 Volt) Dewalt drill value $200.00 I half to leave in question the interest of the [redacted] in allowing this kind of ongoing businesses to pray on the little companys. However how much in losses does the community in general loose on a regular bases due to unscrupulous business as this.Desired Settlement: This equipment is now either been replaced and or we have gone out of business, If we have layed off are employee's due to are losses in excess of 70K their is no other reason to concern then the U.S. Bankruptcy Court when we detail a itamized loss page

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Description: Pawnbrokers

Address: 5275 Jimmy Carter Blvd, Norcross, Georgia, United States, 30093

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