Legal Question in Civil Litigation in Texas

Personal Loans made to co-workers

Between 2000 and 2001 I'm made personal loans to two co-workers. One was in the amount of 4500.00. The other in the amount of 12,000 for the purchase of a new bike for business escort purposes. Both loans were documented in writing. The 4500.00 was guaranteed by a signed title to a 1962 t-bird if the loan was defaulted on. He defaulted and the vehicle can't be located. The other loan was just simply ignored. I'm searching for good advice regarding litigation and how I should go about finding good representation in a city flooded with attorneys. What kind of judgements can I expect.


Asked on 1/04/05, 6:37 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Personal Loans made to co-workers

If the loans defaulted in 2000, any lawsuit is barred by the 4-year statute of limitations. If the defaults occurred in 2001 or later, you need to locate an attorney that will handle consumer debt.

There are a number of law lists that list collection attorneys, and they generally show what collection areas those attorneys handle.

American Lawyers Quarterly, The Columbia Law List, General Bar Law Directory, and The Forwarders List of Attorneys list collection attorneys by state and county. They have websites that list the attorneys.

Getting judgment will be the easy part. Collection will be difficult, since Texas is a debtor's haven.

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Answered on 1/04/05, 6:55 pm


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