I looked at Dorian and said, “Second, I didn’t pay off your debt. I bought it.” His smile disappeared. The transaction he had celebrated the previous morning was an assignment arranged through my attorney. The lender had transferred Dorian’s business note, including his personal guarantee and the security attached to it, to a company held separately in my name. The $220,000 obligation had not vanished. Dorian had simply acquired a new creditor—me.
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