Legal Question in Credit and Debt Law in New York

Re: Personal Loan not being paid back

Yup...but a judgment only after a suit.

Good Luck

RRG

Re: Personal Loan not being paid back

You have everything you need to sue your friend since she admitted owing the money when she gave you a check...that it bounced only provides you with a second legal theory to obtain a judgment. Problem is finding $$ after judgment. Do you know where she works? Garnish her salary. It will take time but you will get your money.

Re: Personal Loan not being paid back

Your claim is above the amount of the "small claims" court limit and would benefit by having a competent atty pursue it. In collection matters you need to move as quickly as possible. Old claims are harder to collect than current ones. You should seriously consider hiring a "collections" attorney to assist you. This type of matter would typically be handled on a contingency basis with the client responsible for costs (filing fee, service of process, etc.) which are fairly small, and the atty's fee contingent on collection of the claim. Of course, if you feel your claim is very strong with a high likelihood of collections, you may be better off hiring an atty on an hourly basis. The info. a collections atty will want to know before taking this case, that you don't mention, is where is this friend and do you have a "good current address" for her, does she have a job, does she have any assets (i.e., house, car, bank accounts, etc.), and does she have any claims against you for any reason?

Feel free to contact me if you would like further info.