If you owe me $8000, and you offer me something in trade, I dont need a law degree to tell you I dont have to take it...
I don't have a law degree, but I've read enough cases to know that common sense has almost nothing to do with the law.
When closing out my Mom's estate, she had about $12,000 in stock. She had the stock certificates to show it. But the company wouldn't honor the stock certificates because her estate didn't go thru probate (IAW Arizona law). Everything was set up legal in Arizona, but the Nevada company wouldn't honor it because the law read differently in Nevada.
I ended up paying a lawyer $700+ to write multiple letters to the company, and show their lawyers how things were being done in full accordance with the laws of Arizona. Once they understood that, we had a check in a week.
Why is there a difference between Nevada & Arizona? I don't know...but then, I'm not a lawyer.
When you are discussing thousands of dollars, maybe even $30,000, REAL legal advice is needed. It is way beyond, "What do you think?" on the Internet. And as of 2 years ago in Arizona, the bar association had a cheap ($35) way to get quick legal advice from a lawyer who specializes in that area of law. And that is why I ended up spending $700+. The lawyer I talked to said differences in state law were probably causing the problem. And he gave me set prices based on the work needed, and I decided it was my best hope.