The amount I loaned for 20k, does that make a difference
2007-02-12 18:25:13 · 2 answers · asked by sidreisner1@sbcglobal.net 1 in Politics & Government ➔ Law & Ethics
Unless it is outright fraud that you can prove beyond a reasonable doubt by a written contract and documentation, is soley a Civil matter.
Not enough information to know if it might warrant Civil action; would depend on, at minimum:
- Where - laws vary depending on State to State
- When - how long ago - all States have a Statue of Limitations
on Civil Matters.
- Why and your relationship to the person at the time loan was
made.
- What promised and/or collateral (if any) were offered up in the
written contract.
- The political leanings of the jurisdiction/Judge that hears the
Case should it come to trial.
Nearly all States the maximum you can expect to sue for in Small Claims Court is $3,000-$6,000; if you are seeking more than that, it has to be heard in Superior Court and for Superior Court, you MUST have a lawyer represent you.
If this is that path you want to go down to try to recover your loan, you need to consult with a contract attorney as soon as possible to initiate protecting any rights you may have.
2007-02-12 18:42:20 · answer #1 · answered by bottleblondemama 7 · 0⤊ 0⤋
Depends on the interest rate.
2007-02-13 02:33:05 · answer #2 · answered by Anonymous · 0⤊ 1⤋