NSW Friend owes me money, But he is making his money illegally

[Jarvis]

I'm 16 in a few months and recently my friend has asked me for $4000 and he promised me he will pay me back within a week. It been a week and he is struggling to pay me back. I asked him how he is going to earn money to pay me back he told me he will be selling drugs. I have evidence he said via a social network.

I am planning to give him more time to pay me back. But if he doesn't pay me back in time, I was thinking to report him to authorities.

Is taking him to court a good Idea or will it affect me as well?

 

[kevin586]

A bloke who sells drugs, in my opinion, is the kind of bloke who will give you trouble if you dob him in. Suggest that you give him more time.

next time you find yourself under pressure to lend someone money write up a simple contract like this:

I name and address and drivers licence number xyz, have requested (name and address) to lend me $xyz dollars. I agree to repay all of this money by xyz date. (add other details as desired) sign and dated this xyz day of xyz month
and year

This is a very simple contract and yes its legal. Its legal because its a contact because it conforms the principles of a contract which can be described as:

there is an intention to contract
you have the capacity to contract if you are of legal age and not under the influence of mind altering drugs at the time of agreeing to signing the contact.
there is full disclosure of the terms and conditions of the contract.

there is one or two more but you really need to research this yourself because you and everyone else really needs to know these things.

 

[Jarvis]

A bloke who sells drugs, in my opinion, is the kind of bloke who will give you trouble if you dob him in. Suggest that you give him more time.

next time you find yourself under pressure to lend someone money write up a simple contract like this:

I name and address and drivers licence number xyz, have requested (name and address) to lend me $xyz dollars. I agree to repay all of this money by xyz date. (add other details as desired) sign and dated this xyz day of xyz month
and year

This is a very simple contract and yes its legal. Its legal because its a contact because it conforms the principles of a contract which can be described as:

there is an intention to contract
you have the capacity to contract if you are of legal age and not under the influence of mind altering drugs at the time of agreeing to signing the contact.
there is full disclosure of the terms and conditions of the contract.

there is one or two more but you really need to research this yourself because you and everyone else really needs to know these things.

Thanks for the reply. He has paid me $2000 He promised me another week

 

[poliannsa65]

This is a very tricky situation. Legally, your friend still owes you the money, regardless of how they earn their income. However, pursuing this could be complicated if your friend is involved in illegal activities. You might be able to get a judgment in a civil court, but enforcing that judgment could be difficult. More importantly, you should consider the risk of getting involved with someone who is operating illegally. The safest path is to seek legal advice on your options, but also to weigh the personal risk. For a break, you could check out Funbet - Independent Casino Review for UK Players

 

[Nikolambo]

I’d also be extremely cautious about accepting money if you know it may come directly from criminal activity. The same principle applies whenever money is involved online: whether lending to somebody or using entertainment platforms such as Leon Casino Français, it is worth checking the legal and financial implications before transferring funds. Given that the person asking the question is under 18 and the situation involves alleged drug dealing, speaking to a parent or guardian and obtaining proper NSW legal advice would be much safer than trying to resolve it through threats or confrontation