Legal Question in Civil Litigation in New Jersey

Brother loaned friend money
Hello,
My brother loaned his friend $2,500 in Oct 97. His (former) friend then paid $100 on it and nothing more. Through the years my brother has made polite requests (yes, he's too patient) for repayment, but he's brushed off. He has the bank receipt (signed on the back by both) and a notarized document signed by both on the same day. Is it worth it to take him to court, or is there a statute of limitations? What other options does he have?

Thank you.

Asked on 8/18/07, 12:07 am

Glenn Brown Real World Law, P.C.

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Re: Brother loaned friend money

Well the statute of limitations has likely run unless the friend signs a new agreement to repay.

So court may not be the best option. Ask him, he may make a payment.

Good luck to you.

Answered on 8/18/07, 1:15 pm

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