Legal Question in Civil Litigation in Texas

brother wont pay his loan
My husband bought an atv for my brother and he was to pay us back monthly
over 50 months. All but three payments have been late and currently two
months late. A recent family fued leads me to believe he isnt going to pay at
all anymore, after 2 years of paying he suddenly decided the measly interest
amount we would have gotten was too much. Can we reposses and sell for
the remainder or do we have to get a worthless judgement? Can we send him
a demand for payment and a time limit? What should we do next? Thank you.

Asked on 10/20/05, 12:39 am

Peter Bradie Bradie, Bradie & Bradie

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Re: brother wont pay his loan

What documents do you have to prove up the loan, or hold a security interest?

If you are going to play banker, then do what the banks do.

If my assumptions are correct, all you can do is bring a lawsuit for the unpaid balance and hope you have enough to prove up your case.

Answered on 10/20/05, 10:33 am

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