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Loaned a Friend Money and Can't Get it Back. What Legal Options Do I Have ?

Discussion in 'Debt and Bankruptcy Law Forum' started by Pompah, 4 July 2014.

  1. Pompah

    Pompah Member

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    I loaned a friend $2500.00 via bank transfer with a verbal agreement to pay it back in $500.00 lots. After 12 months still no payments and when asked for it no further contact from him. What steps can I take to be repaid. Can I go to his employer?
     
  2. John R

    John R Well-Known Member

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    Hi Pompah,
    Which state/territory are you located in?
     
  3. Pompah

    Pompah Member

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    Hi John, I'm in Queensland. Thank you for the reply
     
  4. John R

    John R Well-Known Member

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  5. Tim W

    Tim W Lawyer

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    I agree with John R.
    And just to be clear - no, you can't "go to his employer".
     
  6. Pompah

    Pompah Member

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    Good morning John,
    Thank you for your help and advice as it is just what I needed . I thought there was an agency I could go to but did not know which or where to find the right one. I will follow your advice and will certainly update you of the outcome. You're a gem.
     
    John R likes this.
  7. Pompah

    Pompah Member

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    Hi Tim,
    Thank you for your interest and I will follow the advice given, I worded the reference to "his employer" very badly as I meant to ask if I could approach him regarding if my "friend" was still employed with the Company or not. If he was no longer working there it would probably indicate that he { friend} had done a bunk. Again thank you.
     

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