Legal Question in Credit and Debt Law in Massachusetts
repayment of family loan
What do I do when a family member offers financial assistance and demands it back only a short time later. there is no repayment schedule and no terms just an exchange of a check and a promise to repay to which I have been doing in good faith?
Asked on 2/20/07, 6:43 pm
1 Answer from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
Re: repayment of family loan
You tell the family member that you have no ability to pay.
Answered on 2/20/07, 9:58 pm