QUESTION
Securing or recouping a $10,000 personal/business loan
Asked on Aug 07th, 2015 on Breach of Contract - Florida
More details to this question:
I made a $14,000 business/personal loan to an individual who has recently defaulted. They have refused to sign a Promissory or to secure the loan based upon their religious cult beliefs, also falsely claiming they were paying, they have not paid in over 4 months. I have all documentation including an unsigned Promissory presented to them multiple times, the cancelled check, as well as stubs for payments made, . The loan was also part of a fund which was to be paid off by way of my rent at their facility, this would possibly make it a consumer fraud issue as well.
1 ANSWER
Corporate Law Attorney serving Los Angeles, CA
at
Law Offices of Aric N. Williams
Update Your Profile
You may have a strong case. I have a few additional questions, however, to determine the strength of your claims. When you made the loan, you had it put in a contract and both parties signed? Also, was the money for a business or for a religious institution/purpose? How man payment installments did they actually make in total? Lastly, were all the checks canceled or only a few of them?
Please email me, at your earliest convenience so we can discuss further: aric@aricwilliamslaw.com.
Thank you.
Answered on Aug 13th, 2015 at 3:08 PM