QUESTION
Is it worth it to sue for unpaid personal loan?
Asked on Dec 04th, 2017 on Civil Litigation - California
More details to this question:
I’m owed a substantial amount of money from a loan to a friend. He has not returned the loan nor made any attempts. He also avoids my messages. I need this money back, and I have written proof of his debt. I could sue and easily win, but is it worth it? Will it ensure that he pays what is owed to me? I don’t want to waste money on a lawsuit if it won’t guarantee my money back.
1 ANSWER
Discrimination Attorney serving Westlake Village, CA
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Law Offices of Stephan Math
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If in fact the judgment would be collectible from this individual and given the fact that you state it is a substantial sum then the answer appears to me to be obvious. Yes, you probably should sue.
Furthermore, bear in mind that even should you not collect the debt you may with evidence of a judgment be able to claim the loss on your income taxes. Stephan Math - smesq1@aol.com
Answered on Dec 08th, 2017 at 8:04 AM