Legal Question in Credit and Debt Law in Illinois

Hello, I have a question... I received a paycheck direct deposited from an employer that I left not long ago and found out 3 weeks after the funds were deposited into my account that the funds were incorrectly deposited because they didn't take me off their pay roll... Because I was salary I didn't realize it when the funds were deposited and they were spent by the time I found out... I do not have all the funds to return at one time but am willing to make payments to pay it off... Can the company file a lawsuit or press charges on me?


Asked on 10/15/12, 3:19 pm

1 Answer from Attorneys

You become liable once you realize the error and fail to report it. If you have difficulty repaying the money you may be able to work out a repayment schedule. Since you don't know what the former employer might do, you should talk to an attorney who may be able to mediate for you.

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Answered on 10/17/12, 8:29 am


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