Legal Question in Credit and Debt Law in Pennsylvania

personal loan

I loaned a friend of mine back in 2004 , $3000, has not seen a dime as of this date. He is part ower in a automotive repair business, can I go or sue the repair business? I live in pennsylvania.


Asked on 6/10/08, 8:56 pm

1 Answer from Attorneys
John Gibson John W. Gibson, Esquire

Re: personal loan

If he owns the repair business as a sole proprietor you don't need to sue the business. If he incorporated the business then, unless this was a loan to the corporation, the corporation wouldn't be responsible for his personal debts unless you can pierce the corporate veil. For $3,000, though, you're probably better off just suing him either way.

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Answered on 6/11/08, 5:07 pm


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