Question about a loan

I have loaned a colleague / friend ?15526 over the last 3 years. I have asked her to start repaying it monthly, but i just get excuses. What’s my best course of action?

11 viewsother

Alasdair Taylor's Answer

The correct answer here depends upon a range of factors: the nature and importance of the relationship; the likelihood that the friend / colleague would respond positively to the different types of pressure you might exert; whether the friend / colleague has access to the funds to repay you; etc.

I can’t really advise here without knowing a lot more – I suggest you speak to a local solicitor about this initially.  Many solicitors offer an initial short consultation free of charge.

Ask a question

Select a topic that best fits your question.
Question in one sentence
An account for you will be created and a confirmation link will be sent to you with the password.

Search questions

Disclaimer

Using this legal Q&A, users can get guidance on business-related legal questions from our legal experts.

The guidance is not legal advice; no lawyer-client or similar relationship is created by the Q&A.

By using the Q&A, you agree to the limitations and exclusions of liability set out in our terms and conditions.

SEQ Legal
Copyright © 2020 Docular Limited All rights reserved