Hi,
I loaned a friend $21,000 a few months ago for what he claimed was "life saving" surgery for his critically ill grandson. I was dubious at the time but he kept pressuring me until I finally gave in and loaned him the money.
He told me that it would be paid back in September as he was receiving a Superannuation payout. September has passed and he now advises me that he can't pay me until May next year. I have recently found out that this person has done jail time for embezzlement.
I am now virtually broke and need that money for living expenses and my own legal fees in the family court. Is there any action I can take to recover this debt or have I lost it for good?
I admit that I feel incompetent for not getting something in writing from him, however, I did pressure him for this and he would not commit. He just put more pressure on me and I succumbed. I did make sure that all financial transactions were done via bank transfers, so it's all traceable.
I accept I done a stupid thing, but I was only trying to help and I trusted the person.
What are my options?
I loaned a friend $21,000 a few months ago for what he claimed was "life saving" surgery for his critically ill grandson. I was dubious at the time but he kept pressuring me until I finally gave in and loaned him the money.
He told me that it would be paid back in September as he was receiving a Superannuation payout. September has passed and he now advises me that he can't pay me until May next year. I have recently found out that this person has done jail time for embezzlement.
I am now virtually broke and need that money for living expenses and my own legal fees in the family court. Is there any action I can take to recover this debt or have I lost it for good?
I admit that I feel incompetent for not getting something in writing from him, however, I did pressure him for this and he would not commit. He just put more pressure on me and I succumbed. I did make sure that all financial transactions were done via bank transfers, so it's all traceable.
I accept I done a stupid thing, but I was only trying to help and I trusted the person.
What are my options?