Legal Question in Credit and Debt Law in New York

I live in NY and a friend that lives in Chicago borrowed money from me about 6 months ago, promising to pay it back within a few days, long story that has turned into 6 months and and I keep being given excuse after excuse, as to why It hasn't been returned, I have a promisary note promising to pay me 60% interest, on the money, I have a feeling that if I sue I will not recover the amount that is owed, but at this point I just want the original 5000 back because I took a cash advance from my credit cards to lend the money in the first place and it is costing me so much in interest every month that I just want the money back what are my chances of getting the entire amount as promised. Also how do I go about it from NY.


Asked on 9/13/10, 2:07 pm

1 Answer from Attorneys



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