Legal Question in Credit and Debt Law in Missouri

Re: lent money

Heavens!

There is a good chance that the document you signed will hold up, but since you both drafted it and signed it, there could be a dozen or more defenses to it. No attorney can tell you if it will hold up until they see and read the document, and even then that's merely an informed guess. Only a court can tell you for sure.

Whatever you do, you need to make sure that you stay on the young man about paying this. You need to send him a letter and tell him that although you no longer have a close relationship, your contract remains in full force and you expect him to honor his obligation to pay you the $13,000. I assume this document has a date for payments to be made? If he doesn't make a payment, you'll likely need an attorney's help to collect it.

I would go find a civil attorney close to where you live and talk with him about this right away.

Good luck.