Legal Question in Credit and Debt Law in Virginia
Personal Loan Nonpayment
I lent 1000 to a friend and he is not returning it. What should my course of action be? I only have a copy of the check that he cashed and no other formal documentation. My spouse was a witness when he asked me for the loan, if that helps.
Asked on 4/10/07, 5:32 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Personal Loan Nonpayment
Send a formal written notice demanding
full payment by a date certain. Then, if payment is not remitted by that date, file your case in small claims court for around $40.
Answered on 4/10/07, 10:18 pm