Legal Question in Civil Litigation in California

Loan between so-called friends

loaned 5,600,00 to friends in mardh 2006. they signed a contract and have not held up their end of the bargain at all. they have taken 3 years to bring the balance to 2,900.00 what can i do?


Asked on 5/21/09, 5:43 am

2 Answers from Attorneys

Robert F. Cohen Law Office of Robert F. Cohen

Re: Loan between so-called friends

Your remedy is to send a demand letter, certified return receipt. If, by the date you provide, the friend does not bring the account current, you would file a small claims lawsuit for the remainder plus interest. It probably should be filed in the court that covers the county in which your friend lives.

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Answered on 5/21/09, 11:00 am
Scott Linden Scott H. Linden, Esq.

Re: Loan between so-called friends

What are the terms of the agreement? Is there anything about non-payment? Was there a time limit set for final payment, or was there a payment schedule?

Depanding on the terms of the agreement, you may need to file a lawsuit in small claims for the remaining balance.

If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com

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Answered on 5/21/09, 1:41 pm


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