Legal Question in Credit and Debt Law in Massachusetts

Thank you for your question.

The specific options and remedies available to you will be found in your contract/promissory note. In other words, whether you can recoup attorney's fees, the agreed-upon interest rate, whether there are late fees or penalties, or whether you can call the entire amount due in the event of a default.

Your best best is to retain counsel for you to review the agreement and prepare a demand upon the debtor. If that doesn't work, you will need to file suit on the promissory note and seek judgment. Our office would be more than happy to represent you, and possibly on a contingent basis, meaning that you have no attorney's fees unless and until we recover funds for you.