Legal Question in Civil Litigation in New York

Undocumented Loan

I loaned a fair amount of money to a one time friend, who I am now not on speaking terms with. He recently told a mutual friend that he has no intention of paying that money back to me. I had simply wrote a check, and did not have him sign any contract. Do I have any legal recourse to retrieve my money?


Asked on 12/06/04, 10:19 pm

2 Answers from Attorneys
Stephen Loeb Law Office of Stephen R. Loeb

Re: Undocumented Loan

If you have the cancelled check you can use it as evidence that you made the loan. There is a presumption that any money given to a non-relative that is not for services or goods is a loan, so your "friend" would have to present evidence that the money he received was not a gift or for work done. In short, if its worth it to you, you could sue. You may not win, but its not an impossibility.

Should you like to discuss this or any other legal matter, you can call my office to schedule an appointment for a consultation or in the alternative, I can be reached for on-phone low-cost legal consultation at 1-800-275-5336 x0233699.

Read more
Answered on 12/07/04, 9:39 am
David Slater David P. Slater, Esq.

Re: Undocumented Loan

I doubt it.

Read more
Answered on 12/06/04, 10:35 pm


Related Questions & Answers

More General Civil Litigation questions and answers in New York