Overdue repayment of loan, no written contract
Approx five years ago I loaned $4950 to a friend to help him start up his business. Our agreement was that he'd pay me back within a year and in return, I would be able to purchase goods through him at his cost. Unfortunately I did not get this in writing.
He ran into serious medical problems shortly after and also went through a divorce and his company had to close down. I cannot get ahold of him anymore to discuss repayment, he is not returning my requests for contact.
I do have proof of the money I loaned to him. He is in Dupage county, IL and I am in Ramsey county, MN. Do I have a small claims case against him and if so, can I file it in Ramsey or do I have to travel to IL?
1 Answer from Attorneys
Re: Overdue repayment of loan, no written contract
If the contract was formed here, you could sue under the Long Arm Statute.
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