Legal Question in Business Law in Maryland

civil lawsuit

I was the principal financier of a tow truck business witha friend. The original agreement was that he began to repay me on the money loaned August 2006. I also made a personal loan with him of approximately $15,000. I need to know how do I begin to file a lawsuit against in order to either retrieve the trucks or repayment of money loaned?


Asked on 5/01/07, 11:17 am

1 Answer from Attorneys
G. Joseph Holthaus III Law Offices of G. Joseph Holthaus

Re: civil lawsuit

You will commence collection on the personal loan through a complaint filed with a court of appropriate jursidiction. The process involves serving the complaint, appearing at court, and presenting your case. There are a couple alternatives with preparing the complaint.

As to money loaned for purchasing vehicles you may be able to file a lien against the vehicles to protect your interest. Repossession may also be an alternative. Otherwise, you can file for a judgment and then execute for sale or ownership of the vehicles.

You should contact an attorney for assistance.

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Answered on 5/01/07, 12:25 pm


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