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Last year I lent my daughter a lot of money. How do I collect?

Last year I lent my daughter a lot of money. How do I collect?

Q: What happens if you don't pay back borrowed money?

If you don't pay back borrowed money, the lender may take legal action to recover the debt. This could involve filing a lawsuit against you. If the lender obtains a judgment, they may be able to garnish your wages or seize assets to satisfy the debt. It's important to communicate with the lender to explore repayment options.

Q: What happens if you borrow money from a friend and don't pay it back?

If you borrow money from a friend and don't pay it back, it can strain your relationship. Your friend may ask for repayment directly or may consider taking legal action if the amount is significant. Open communication is key; discussing your situation can help prevent misunderstandings and preserve the friendship.

Q: What would you do if a friend borrowed money and never paid you back?

If a friend borrowed money and never paid you back, start by discussing the issue with them directly. If that doesn't resolve the matter, consider sending a formal request for repayment. If the amount is substantial and they still refuse, you may need to explore legal options, such as filing a small claims lawsuit.

Full question:

Last year i lent my daughter a lot of money she made two payment and then would not answer her phone or door to me can i take her to court and get my money back, at the time of this we both lived in North Carolina, this past Jan she moved to Florida.

Category: Debts and Credit
Subcategory: Promissory Notes
Date: 04/07/2025
State: North Carolina

Answer:

If the debt is in writing and evidenced by a promissory note or similar document then you should be able to collect it according to its terms. If you don't have a writing you may not be able to collect due to what is called the Statute of Frauds which requires certain agreements to be in writing.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Is it a sin to borrow money and not pay it back?

While borrowing money and not repaying it may be viewed as unethical or dishonest by many, whether it is considered a sin depends on individual beliefs and religious teachings. In general, fulfilling financial obligations is encouraged in most moral frameworks. However, legal consequences may arise from failing to repay debts, regardless of moral considerations.

What happens if you don't pay back borrowed money?

What happens if you borrow money from a friend and don't pay it back?

What would you do if a friend borrowed money and never paid you back?

What to do if your friend never pays you back?

If your friend never pays you back, first try to have an honest conversation about the debt. If they continue to ignore your requests, consider documenting your communications and sending a formal demand for payment. If necessary, you could pursue legal action, such as filing a claim in small claims court, depending on the amount owed.

What to do if a friend won't pay you back?

If a friend won't pay you back, start by reaching out to them to discuss the situation. If they remain unresponsive, you may want to send a written request for repayment. If the debt is significant and they still refuse, consider seeking legal advice to understand your options, which may include filing a claim in small claims court.