friends help: I did a bussiness with a friend. - Help.com

jeelanimanto
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I did a bussiness with a friend.

i invested all earnings of my life. i took huge loan from the bank and from my friends. unfortunately ,my friend deceived me and grabbed all my money. now i am under the burden of huge loan around 50 thousand us dollars. i am unable to find the solution that how to pay back this huge loan to different agencies,persons and banks. kindly suggest me how i will pay back this money. keeping in view that i have nothing with me for bussiness.
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This open post was written 11 months, 3 weeks ago | V/U/S: 443, 8, 6 | Edit Post | Leave a reply | Report Post


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Pink Freud offline Verified User (5 years, 3 months) Help.com Volunteer Moderator Long Term User Shouts: 44 #
Spokane, WA, US | 11 months, 3 weeks ago (11 minutes after post)

If you have anything in writing, you might be able to take your ‘friend’ to court and get some of the money (s)he owes you so you can pay those who you owe back. Other than that, I really don’t know. I’ll invite some people who may have some better ideas.

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southern_comfort online Verified User (7 years) Long Term User Shouts: 178 #
An Undisclosed Location | 11 months, 3 weeks ago (1 hour, 2 minutes after post)

Get to a lawyer ASAP. Not only does your former business partner need to pay, you need protection from creditors. A lawyer well versed in business law can iron out both sides. And give you some peace of mind.

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Pink Freud offline Verified User (5 years, 3 months) Help.com Volunteer Moderator Long Term User Shouts: 44 #
Spokane, WA, US | 11 months, 3 weeks ago (1 hour, 10 minutes after post)

southern_comfort wrote:
Get to a lawyer ASAP. Not only does your former business partner need to pay, you need protection from creditors. A lawyer well versed in business law can iron out both sides. And give you some peace of mind.

Yea, that’s kinda what I was thinking but I wasn’t 100% sure. Thanks for backing me up.

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Help me with: So a few days ago I ordered a new computer and just a little bit ago I tracked the package and it shows that it was shipped
Zirbel offline Verified User (2 years, 9 months) Long Term User Shouts: 4 #
An Undisclosed Location | 11 months, 3 weeks ago (1 hour, 11 minutes after post)

Like Pink Freud and southern_comfort said. Nothing to add.

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windmills, offline Verified User (5 years, 5 months) Long Term User Shouts: 7 #
An Undisclosed Location | 11 months, 3 weeks ago (1 hour, 53 minutes after post)

I likewise believe a lawyer would be your best and - seemingly - only recourse.

Best of luck.

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Help me with: Out of curiosity
Dragon_Lady offline Verified User (5 years, 3 months) Long Term User Shouts: 4 #
An Undisclosed Location | 11 months, 3 weeks ago (8 hours, 35 minutes after post)

Yes; see a couple of lawyers tomorrow. Most will give you a free consultation, and seeing more than one will give you some different perspectives and options for how to proceed.

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Help me with: Thanks, everyone, for the help yesterday!
Angie. offline Verified User (5 years, 2 months) Long Term User Shouts: 175 #
An Undisclosed Location | 11 months, 3 weeks ago (3 days, 1 hour after post)

Making certain financial deals with friends &family warrant some kind of documentation.

You should seek out the help of a solicitor &fast.

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