Legal Question in Business Law in California

Re: owing private money

It depends upon what your agreement with this investor requires. I would suggest you speak with an attorney who could review everything with you before you send him a letter. I am sorry but without more information, I am unable to advise you properly. If you would like to discuss further, please do not hesitate to contact me.

Yours truly,

Bryan

877.201.8728

Re: owing private money

Who borrowed the money? You or the corporation? They are distinct and separate "persons" under the law.

You didn't say whether the loan was due, way past due, or not yet due, or whether it is unsecured or you gave collateral. That all would be important to know!

Also, you don't give us a clue as to what the "harassment" amounts to. Obviously, what is "harassment" to the debtor may be "unreturned phone calls" from the creditor's viewpoint. There are legal limits to what a bill collector can do, but anything less is probably not "harassment" in the eyes of the law.

As a rule, I think it is better to be in touch with creditors than to hide or stonewall, so writing a letter or making a phone call might help matters, especially since the lender seems to be someone who trusted you in the outset. Be careful not to promise anything you can't deliver.