I lent my brother 40K USD that he needed in an emergency. That was almost 10 Years ago. He claims he will pay when he can but has yet to do so. Is the a year limit where now he won't owe me anymore. I am considering legal action but don't want to waste time and more money if it is too late.
2006-07-13 16:22:36 · 4 answers · asked by Gnome 2 in Business & Finance ➔ Personal Finance
I do have the bank statements saying it went from my account to his. And several family members and friends know of this tranaaction between he and myself.
2006-07-16 06:56:43 · update #1
bummer...lesson from this= when u lend money to family or friends u must be willing to not to collect. just the way it usually goes for most people, so next time if u need the money more then don't lend it out.
2006-07-13 16:32:52 · answer #1 · answered by chloe 4 · 0⤊ 0⤋
7 years
2006-07-13 23:26:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you have anything in writing? I would talk to a lawyer. You maybe entitled to interest as well.
2006-07-16 13:14:16 · answer #3 · answered by donnabbb43 2 · 0⤊ 0⤋
I believe it is five years.Sorry
2006-07-13 23:26:41 · answer #4 · answered by Mom 6 · 0⤊ 0⤋