L
LINGO
Guest
IN THE STATE OF CALIFORNIA : A friend gave me 15,000.00 to loan to a third party to upgrade a mechanic business. I have a promissory note on which only 12,000.oo have been paid. It is a no interest loan, montly payments of 300.00 per month, between me and two mechanics (father and son). Last payment is supposed to be due in August of 2002. They stopped paying two years ago despite repeated reminders. Recently I gave them a certified mail notice requesting it be paid immediatly. No responses from them. Should I get a lawyer or settle for $5000.00 in small claims court. I am not sure if this is too complicated a case for me to tackle on my own in municipal (Superior Court?) withour a lawyer. I don't mind losing some money since it was never really mine to begin with. My friend is an older man who simply was doing the mechanic a favor and wanted them to repay the money to me as the old man and I are close friends.
I am concerned that a lawyer will end up taking much of the money in fees and maybe I should settle for a small chunk.
I am concerned that a lawyer will end up taking much of the money in fees and maybe I should settle for a small chunk.