What is the name of your state (only U.S. law)? PA
Loaned a business associate money, with signed paperwork for the loan. He wrote me a check when our business relationship was over and the check subsequently bounced. He was notified by me and the bank and has not made good on the check, over 75K. I was planning on buying the business originally but as time went on it became apparent it would never happen. The new guy he brought in is supposedly buying the business, but it has dragged on for quite a while as had happened with me. Yes, I know the loan was not the right thing to do but it is done and I can't take back what is already done. I feel fool enough already, although other people have said they were also duped by the guy in other ways and I found out after the fact.
If he were to just pay back the money that would be the end of it. I'd like to send him a strong message but would rather not get involved in a lot of legal wrangling if at all possible.
Loaned a business associate money, with signed paperwork for the loan. He wrote me a check when our business relationship was over and the check subsequently bounced. He was notified by me and the bank and has not made good on the check, over 75K. I was planning on buying the business originally but as time went on it became apparent it would never happen. The new guy he brought in is supposedly buying the business, but it has dragged on for quite a while as had happened with me. Yes, I know the loan was not the right thing to do but it is done and I can't take back what is already done. I feel fool enough already, although other people have said they were also duped by the guy in other ways and I found out after the fact.
If he were to just pay back the money that would be the end of it. I'd like to send him a strong message but would rather not get involved in a lot of legal wrangling if at all possible.
