1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

Personal loan recovery

Discussion in 'Small Claims & Municipal Court' started by hubei, Jun 7, 2009.

Thread Status:
Not open for further replies.
  1. hubei

    hubei Law Topic Starter New Member

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    0
    I loaned someone $4000 to start a business in Oct 2006. He has made multiple promises to repay the loan. As late as last August he made yet another promise to repay the loan. He has never made a payment. I have written proof of the loan. I live in Texas. Have I missed the SOL?
     
  2. Michael M. Wechsler

    Michael M. Wechsler Administrator Staff Member

    Messages:
    8,154
    Likes Received:
    315
    Trophy Points:
    83

    I would argue that it has not. Did you ever demand money from him for the loan? If you're making a demand now, I'd say that the statute of limitations hasn't begun to tick until you notify him of breach of contract. File your case in small claims court and let him use the defense if he can. Unless he can successfully raise the defense, you've got your day in court.
     

Share This Page

Thread Status:
Not open for further replies.