Legal Question in Credit and Debt Law in Arizona

Jet Ski Deal

I sold a jet ski to a ''friend'' but kept the loan under my name as he assured me that it would be paid off in a year. 5 years laters his payments are non existant and will not return my phone calls or emails. The details of our arrangement are noted on a notorized bill of sale stating that he is responsible for the full loan amount. Overall, is there anyhting that can be done. I have keep the loan current, but would like to settle this account.


Asked on 10/08/08, 8:01 pm

1 Answer from Attorneys
Brian Blum Blum Law Office, PLC

Re: Jet Ski Deal

You can sue him. Act fast though because, in Arizona, the statute of limitations is only 6 years. Talk to an attorney for help filing the lawsuit.

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Answered on 10/09/08, 12:08 am


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