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Unfortunately, that same situation is happeneing more and more often. Never lend a suppossed friend money. My attorney would have definetly been my second call. Good luck.
Let me add a personal ty for the advice that those here offered while I'm not a demo contractor my business is still within the confines of this field and I want to protect myself and at all costs. To demoman best of luck I'm praying for you brother..., you'll get yours and he will certainly get his if ya catch my drift!
7:40 PM
December 22, 2009
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this is simple. he is not a friend, he is a thief. sounds to me like you have a clear case of fraud. have him charge and file suit at the same time. the suit will most likely turn class action by the sounds of it. so you will not get all your money back, but he will owe you and the others for the rest of his life when he gets out of prison.
also just to be safe here and protect all others in the demo field...what company is it? as your lawyer has said it is not slander if it is truth.
Wow what a ball of yarn I continue to unravel - turns out this deadbeat not only has outstanding with me but some other demolition contractors. The scary part is the promissory notes are identical promissing us the same job(s) and using the same thing as collateral. This person continues to ask for retainers paid in advance and 1/2 of contract values paid upon mobilization of his staff showing up.
I don't like being threatened with slander and my attorney has told me that when you can show its the truth and this person owes you the money and others (its truth) not slander.
It has happened to me. The best advice I ever got was from my son, who said "dad, when you gave it to him, in your heart you knew he may never pay it back". He was right, no matter what happens from here you have lost that "friend". Now if you have a signed agreement, call a lawyer or write it off and move on. It will only get worse if you do neither.
Good luck
Wow...if you are from the area I live in, I may know your "deadbeat friend". A "true friend" would never let it get to the point of being asked for the money back. I unfortunately think it is time to cut ties of this so-called friend and file in court. Hopefully you had paperwork signed for this loan with the amount and terms. Good luck!
i see a lot of views but I need opinions on how to handle this. If i get 50 votes in the affirmative I will let everyone know who this great demolition friend of mine is,
I'd like to hear everyones opinion on this. You loan a "friend" $25,000 in his time of need with terms of repayment. Then when its time to repay there is nothing but excuses and personal attacks as to why your the bad person for requesting the money (your money) back. Then you even give this "friend" 6 more months to pay it back and when that day comes its more excuses and personal attacks. Then you find out he borrowed money from another person also promising repayment .
1.) Is this person a friend?
2.) Do you file a judgement? and drag this person & his company through all the drama that comes with that?
I wish I could do a poll.
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