I have an unusual situation that involves a large manufacturing industry who
is also in the business of financing by way of a financial corporation that offers,
(in this case), small companies, credit lines.
I started a product design business in 1999.
Admittedly, I stuck my neck out by financing, my living expenses and the business
using credit lines, bank loans, and credit cards, this amounted to apx. 175,000
I am a Designer/Inventor, in the five years following the start-up, the business
including myself, used or apx. 35,000 per year, I would think this conservative,
given what designers think they earn and the productivity that transpired.
Previously, during the up-start period, a credit line company contacted me and
offered me a credit line of 30,000, I accepted it.
Around 2002, a large corporation's subsidary, financial company, somehow appropriated
the 30,000 credit line, they were now holding my unsecured loan from the previous company's offer.
Oh, by the way, ( the new appropriated credit line company's parent company), was in the
business of manufacturing and developing the same products that I was developing,
with the exception, that I developed designs not yet know to the industry as a whole.
I was impressed and confident to have a friend in the business, although it was a mystery
to me of how or why I was so fortunate.
I proceeded to share my business plan including the developing designs and technologies
with them.
There are quite a few details, but to make a long story short,
I communicated with their office frequently, providing them, with updated equipment technology and business plan developments.
At one point I knew that I would need more money and spoke to them about their in-house small business counselor and they provided me with a phone number of a person in another office in a different part of the country.
I spoke to the individual and we mutually agreed that the business plan needed some editing, which was no problem, there was still plenty of time to refinance. I brushed up the plan, which included a small product development, manufacturing and sale, that would potentially bring in, by demographic statistics, 3-5 million in 3-5 years.
The plan also provided their company with a project development for high tech industrial equipment and newly styled designs for another of the two products the parent company is famous for in most of the world, they are also a Defense Department contractor.
For the next three months, after I submitted the business plan to their main office, they went silent, with no explanation, I had made the mistake of confiding in them to provide me an exit strategy for all the other creditors.
My reasoning was that they being as generous as I, would allow me a small amount of credit, for the essential equipment project, and could help me attain an SBA loan, or they could refinance me, as I did not need to much to get small product manufacturing going. This would allow me to pursue patents and copyrights in a workable atmosphere conducive to business practices. After all they led me to believe that they supported small business, and touted this in commercial brochures they mailed to me.
They dropped me like a hot potato without saying a word, and ignored me as if I was
not there, I called, faxed and e-mailed them numerous times.
Eventually, my credit went over the curve, and the alligators have been closing in ever since.
I spent my time since, circumventing any patent protections that they could take advantage of, since, patent ability, for technology disclosed runs out in twelve months, for technologies that are disclosed but not patented. By chance I now believe that the major assets are patentable, again, as technologies not obvious, i.e., and features technically complex.
At this time, I do not need to tell you that I am looking at foreclosures, since, I basically ignored everything including the debts, to regain a technically significant position.
I need to put a halt to this, (discharge or some type of hearing or trial), that is affordable.
My question is now that I am in a legal fiasco, that is going to wind up being a fight for my life, how can I defer the alligators and how can I get investigative power working for me ?
If in fact the items I have designed are of value, who, and how, would be available to investigate the facts surrounding this, example, government procurement, of investigators in this area, they are strangely silent, or in the case of procurement fraud, and Defense Department Inspector General, have passed the buck.
I am trying to get to the bottom of this, by wanting to find out, are the concepts, designs, inventions surrounding this of value to procurement, if so and they have this on the procurement schedule, where did they originate, and if they are of value and the government does not have this, then I would have a chance to get back in business and levy my debts to investors since the technology would be viable.
I am also suspicious of the actions of the corporate finance company that procured my previous credit line.
My question is, how do I find out if this was an unscrupulous act of deception ?
Who in the government is responsible for overseeing this kind of thing?
Is this explainable to the state jurisdiction, to grant me a discharge concerning foreclosure ?
I have contacted, NJIT Defense Procurement Center, to get answers, since I could not get any help from federal offices, and am still working on it.
Ziggy
is also in the business of financing by way of a financial corporation that offers,
(in this case), small companies, credit lines.
I started a product design business in 1999.
Admittedly, I stuck my neck out by financing, my living expenses and the business
using credit lines, bank loans, and credit cards, this amounted to apx. 175,000
I am a Designer/Inventor, in the five years following the start-up, the business
including myself, used or apx. 35,000 per year, I would think this conservative,
given what designers think they earn and the productivity that transpired.
Previously, during the up-start period, a credit line company contacted me and
offered me a credit line of 30,000, I accepted it.
Around 2002, a large corporation's subsidary, financial company, somehow appropriated
the 30,000 credit line, they were now holding my unsecured loan from the previous company's offer.
Oh, by the way, ( the new appropriated credit line company's parent company), was in the
business of manufacturing and developing the same products that I was developing,
with the exception, that I developed designs not yet know to the industry as a whole.
I was impressed and confident to have a friend in the business, although it was a mystery
to me of how or why I was so fortunate.
I proceeded to share my business plan including the developing designs and technologies
with them.
There are quite a few details, but to make a long story short,
I communicated with their office frequently, providing them, with updated equipment technology and business plan developments.
At one point I knew that I would need more money and spoke to them about their in-house small business counselor and they provided me with a phone number of a person in another office in a different part of the country.
I spoke to the individual and we mutually agreed that the business plan needed some editing, which was no problem, there was still plenty of time to refinance. I brushed up the plan, which included a small product development, manufacturing and sale, that would potentially bring in, by demographic statistics, 3-5 million in 3-5 years.
The plan also provided their company with a project development for high tech industrial equipment and newly styled designs for another of the two products the parent company is famous for in most of the world, they are also a Defense Department contractor.
For the next three months, after I submitted the business plan to their main office, they went silent, with no explanation, I had made the mistake of confiding in them to provide me an exit strategy for all the other creditors.
My reasoning was that they being as generous as I, would allow me a small amount of credit, for the essential equipment project, and could help me attain an SBA loan, or they could refinance me, as I did not need to much to get small product manufacturing going. This would allow me to pursue patents and copyrights in a workable atmosphere conducive to business practices. After all they led me to believe that they supported small business, and touted this in commercial brochures they mailed to me.
They dropped me like a hot potato without saying a word, and ignored me as if I was
not there, I called, faxed and e-mailed them numerous times.
Eventually, my credit went over the curve, and the alligators have been closing in ever since.
I spent my time since, circumventing any patent protections that they could take advantage of, since, patent ability, for technology disclosed runs out in twelve months, for technologies that are disclosed but not patented. By chance I now believe that the major assets are patentable, again, as technologies not obvious, i.e., and features technically complex.
At this time, I do not need to tell you that I am looking at foreclosures, since, I basically ignored everything including the debts, to regain a technically significant position.
I need to put a halt to this, (discharge or some type of hearing or trial), that is affordable.
My question is now that I am in a legal fiasco, that is going to wind up being a fight for my life, how can I defer the alligators and how can I get investigative power working for me ?
If in fact the items I have designed are of value, who, and how, would be available to investigate the facts surrounding this, example, government procurement, of investigators in this area, they are strangely silent, or in the case of procurement fraud, and Defense Department Inspector General, have passed the buck.
I am trying to get to the bottom of this, by wanting to find out, are the concepts, designs, inventions surrounding this of value to procurement, if so and they have this on the procurement schedule, where did they originate, and if they are of value and the government does not have this, then I would have a chance to get back in business and levy my debts to investors since the technology would be viable.
I am also suspicious of the actions of the corporate finance company that procured my previous credit line.
My question is, how do I find out if this was an unscrupulous act of deception ?
Who in the government is responsible for overseeing this kind of thing?
Is this explainable to the state jurisdiction, to grant me a discharge concerning foreclosure ?
I have contacted, NJIT Defense Procurement Center, to get answers, since I could not get any help from federal offices, and am still working on it.
Ziggy