I lent a friend $2000

by Rachel
(Utah, USA)

I lent a friend $2000. It was a huge mistake on my part because that was the money I had to pay my bills. I thought he would give it right back to me. Anyway, he didn't and I took him to court and won in August of 2009. He never paid any of it. I didn't have the time to go back to court to have his checks garnished. Is it too late to have his checks garnished now? I live in Utah.

Comments for I lent a friend $2000

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Jan 30, 2016
collecting on a debt
by: DebtCollectionAnswers.com

It is our understanding that the statute of limitations for judgments is eight years, but they can be renewed. If you think there is any chance of collecting you may want to renew the judgment before it expires (next year?)

Apr 16, 2018
i loned $ 7000 cash to a friend .
by: Anonymous

I have some property of my friend's here at my home. Now I don't want to give it back because I loaned him $7000 in cash one year ago. Can I keep his property until he pays me back ?

I live in Iowa!

Thank you for your time.

Reply from DebtCollectionAnswers.com

We can't comment with legal advice but can only offer some practical advice. If you had a loan agreement with your friend designating that property as collateral then it would make sense you could keep his property if he defaulted, per the agreement.

Without an agreement, however, then you'd have to look at each individual circumstance.

He owes you money. Can you take him to small claims court? Would you have any documentation or evidence to back up the loan you made him? Or would he say it was a gift?

Similarly, if he tried to take his property back from you could you claim it was a gift?

It sounds like a messy situation that will only get worse. If you want to be on the safe side, spring for an hour with a consumer law attorney to understand your options. Or check out a service like Courtroom 5 to for tools and resources to represent yourself in court.

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