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After 2 weeks of asking repeatedly, we finally have agreed to meet this Wednesday. Any hints, suggestions, leverage we can use other than my above idea to buy out our 1/4 and ask them to renegotiate?

A couple of years ago my wife and I purchased a bar with a friend and 2 of his family members. Their duty was to manage and staff the bar, and for this, each of them got 25% while we kept the other 25%. My wife and I are the guarantors of the loans and apparently nothing is being paid on time...