Legal Question in Credit and Debt Law in New York

I lent 26,000.00 to my sister-in-law to buy a house . It has been going on for almost 2 years but she didnot return back to me yet ! She claimed that she didnot have any money but she went on vacation , she sponsored her parents over from Vietnam and now she is doing paper work to sponsor her brother over too ! What can I do to make her pay back ? ( I didnot have written agreement when I lent her money but I got statement from the bank showed I withdrew $26,000.00 and deposit right on to her account )


Asked on 5/24/11, 11:22 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Just because you do not have a signed statement from her acknowledging the loan does not mean that you did not loan her the money.

You should first send her written demand for return of the money. The written demand should be sent by certified mail. The demand should be simple. "On [date] I loaned to you $26,000 for the purchase of your house. Demand is made that you return the money on or before [date]." If the sister-in-law fails to return the money by the date set forth in your demand, you would then have to commence a lawsuit to obtain a judgment for $26,000. With a judgment you would be able to attach assets she may have for the return of the money.

Mike.

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Answered on 5/25/11, 5:12 am


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