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Brother loaned friend money

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springchick

Junior Member
What is the name of your state? NJ (Union County)

Hello,
My brother loaned his friend $2,500 in Oct 97. His (former) friend then paid $100 on it and nothing more. Through the years my brother has made polite requests (yes, he's too patient) for repayment, but he's brushed off. He has the bank receipt (signed on the back by both) and a notarized document signed by both on the same day. Is it worth it to take him to court, or is there a statute of limitations? What other options does he have?

Thank you. :)
 


racer72

Senior Member
What is the name of your state? NJ (Union County)

Hello,
My brother loaned his friend $2,500 in Oct 97. His (former) friend then paid $100 on it and nothing more. Through the years my brother has made polite requests (yes, he's too patient) for repayment, but he's brushed off. He has the bank receipt (signed on the back by both) and a notarized document signed by both on the same day. Is it worth it to take him to court, or is there a statute of limitations? What other options does he have?

Thank you. :)
The statute of limitation expired long ago.
 

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