NFT: Any business owners or managers

Joint and Several Liability. If you signed it, you owe it for the years you were in it. Unfortunately the brokers who sold it told owners that they would be covered by reinsurance.(A Lie)To make matters worse, for the business's that closed or went out the remaining business's have to make up the difference.

Your best bet is to request a final lump sum from the trust manager, pay it and get out entirely.

from what I understand I can't get out. These assessments could go on forever.

But I do know of some that have gotten out. I could put you in touch with them for some advise.

What trust were you in?

The Building Counsel Manufacturers Trust, and it was managed by First Cardinal. They gave me two choices. Pay off the entire assessment up front with a 10% discount or, 48 payments with no interest. Either way they won't guarantee there will no additional assessments.