Legal Question in Credit and Debt Law in Texas

I loaned a friend $15,000 for a business loan with set payment date. This is documented and he signed a document that he indeed did take the money. He is now 30 days late and does not have a plan to pay me back. What are my legal options to recover my money?


Asked on 6/13/10, 5:47 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

It probably depends on the "document" that he signed. Was it a promissory note?

You probably have the right to sue him for the debt.

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Answered on 6/14/10, 7:35 am


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