Legal Question in Civil Litigation in Louisiana
Money Issue
The certified letter I received today states '' Please be advised that my office has been retained to represent the interest of his client in connection with his claim for the return of 82,600.00 which represents funds loaned to myself secured by promissory note, authorized cash advances and unauthorized deductions by myself from his personal banking accounts. By this letter,we are making formal demand for return of same and ask that you respond to this demand withing fifteen days of receipt hereof. Should we not hear from you within that time frame, his client has authorized me to take the steps necessary in which to prosecute this matter to obtain return of the aforementioned funds.''
Nothing was signed stating a repayment of the funds. I do not have that kind of money. What can his lawyer do to myself if he prosecutes me? Do I need to get an attorney for myself? Please advise soon. Help.
2 Answers from Attorneys
Re: Money Issue
I would agree that you should contact an attorney and have him read whatever it is that you signed. It seems possible that you may have inadvertently guaranteed the loan, especially if you are receiving notice for the payment of this debt. If you did guarantee the loan or obligate yourself to pay the debt if the other party defaulted, you may have a problem. The one thing you don't want to do is ignore this matter.
Re: Money Issue
The facts you give are too vague to really advise you, however, for the amount of money being demanded from you, I suggest you contact an attorney in your area.
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