2006-11-22 17:40:38 · 5 answers · asked by Karen M 1 in Politics & Government ➔ Law & Ethics
Do you have any documentation of the loan? Was there an agreed timetable for repayment? If you have a promisory note or an IOU, then you can try to put a lean on his houses and cars.
However that will definitely kill the friendship. If you value your friendship, just explain that you really need the money and if he could just pay a portion of it each month ($500 minimum and $1000 maximum/ per month) then you will be happy. If your friend begins to slack off, gently remind him that you did him a huge favor and he should pay you back. Be understanding if there is an emergency that disrupts the payment schedule.
2006-11-22 18:52:22 · answer #1 · answered by Kevin k 7 · 0⤊ 0⤋
Your Info is not enough on this matter.As such It would not be proper to give you Legal advise.However I would like to suggest the following -
1.It is clear from your Info that this matter is pending for a long time and No money is likely to be paid by him.
2.Ask him or Make inquiry from others about his financial conditions as well as situation on Home Front and then take a decision.
3.Write a Letter demanding your Money with interest and fixed the time for payment.
4.However if no response is received then you sit in front of his door for ONE HOUR every day for a week and gradually increase the time till you receive the payment.During this period you should not fight nor talk to anyone and resort to non-violence only.This is Gandh's principles.
Good Luck to you dear.
2006-11-23 02:03:55 · answer #2 · answered by shri 6 · 0⤊ 0⤋
Since the amount is higher than any small claims court will address or award, you need to get an attorney.
The amount is large, and you do not want to screw it up and have a judgement against you, wherein you'll end up with nothing.
Get a professional. Just be sure to check the reputation of whomever you hire first. Cheap is not necesarily good.
2006-11-23 01:51:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
you're going to have to give more information. Like was it just money you gave or was it property, for what purpose did you give him the money, and conditions or terms, etc.
2006-11-23 01:44:27 · answer #4 · answered by jhessick 2 · 0⤊ 0⤋
isn't that an attorney position?
2006-11-23 01:43:45 · answer #5 · answered by cork 7 · 0⤊ 0⤋