Legal Question in Credit and Debt Law in California
I loaned money to someone who signed a contract saying he would pay it back with interest. When i asked for the money back he refused to pay it. What is my best approach for getting my money back? The amount was around $65k.
1 Answer from Attorneys
You do not indicate if the person owns a house or other assets you can go after once you have a judgment. if he does not now he might in the future. Probably the only things to do are have an attorney write a sharp letter to him to try to get a payment plan set up and then file a lawsuit to get a judgment. You have 4 years to sue on a written contract but you should do so as soon as possible. It sounds like a simple Superior Court unlimited jurisdiction case, but many matters develop complications as ones gets into them.
If you want to discuss the matter further, we can do so for free for 15 minutes and then I charge $150 per hour. 510-441-2684.
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