Let's look at contractual law.

To make it simple, there must be intention and consideration (among other things) in order for a contract to be binding.

What is A getting in return fro lending money to B? From what I read, the court will not see an intention for entering into a contract since A is not getting anything in return apart from "love and affection". A contract like cannot be legally binding.

put it in her bu.... wait..

this is how u resolve disputes when it comes to money.
have two people (witness) and talk to person B and person A
have the contact in place with BLANKS ready to be filled in.

talk to B. I know we lend you 50K and we knwo you only returned 5 K right now. There are two choices, i can go to small claims court and sue you, your property and garnsh your bank (get all info from where he banks) / garnish salary, car, and result in bad credit.
tell him you do NOT want to go that route, you just want to get the money back and if you go thru claims court, he will have to pay lump sum + interest.

tell him you'll do this, he has 2 mths to come up with this or (a payment plan with posted cheques)if you don't get the amount back, you will have the small claims court filed (show him).

ask him how he will pay it back and when. tell him if he can pay you before 6 mth mark (or whatever) that he will get a discount just to get this resolved.

there are only two ways to solve these issues. scare the person / threaten them (and there aer X cop or debt hunters to do this for a flat rate) OR treat them as if you were in their pair of shoes. cause after all, no point in making them scared shittless if all they will do is just fled the country, you end up with nothing.

QFT, usually, if you lend money to someone without asking for anything return, you should put in the contract that if you lend him, $1000, that you he will pay you $1001 in return. So the consideration requirement is satisfied.

Unfortunatley you cannot squeeze a rock. Most people in this position have nothing, no money and no assets which is why they aren't paying the person back. You can sue them but again they have no money so even if you win you still lose.

The OP's friend broke rule number which is never lend friends money. This is why friends and money don't mix.

id start repo'ing what he has @ his house ... start w/ TV :haha:

I'd be pretty damned careful with "repo'ing" his possesions. You have no legally binding proof that he owes you any money. If you start stealing his shit, that could come back to you in a bad way. If he refuses to pay you're pretty much up shit creek unless you want to go all vigilante on him. In that case you could be even further up shit creek.

What to do:

1) Don't go asking for legal advice on Revscene.
2) Pay the $156-$200 it costs to have an initial consultation with a lawyer since your friend already wasted $xx,xxx.

When you go to the lawyer they'll ask all the right questions to assess the situation, and find out what kind of recourse you have. It will be somewhat costly to chase after B but if he has assets (a house, a car etc) the friends might be able to squeeze something out of him or at least put a CPL on his house, and if the amount is over $25,000 it can be sought in Supreme Court where you can recover part-costs.

Hire the RS beatdown crew to help you get the money back.

k
if buddy is NOT going to actually return your money
break his legs
and make him pay you back regardless

ppl owe me money
i fucking put their word on the line
if i dont get my money back
one day
out of nowhere
im shooting them in the leg

rape his friend

rape his gf, mom sis watever he has


kick his ass
kill him
smash his car

go to his house and demand for money

judge judy!!

no offense but A is a dumbass

Such a G:thumbsup:

:lol :werd:

UPDATE: So the check bounced that was given to (A)'s brother, when confronted about (B) said that oh his friends check must have bounced in his account thats why theres no money.

So Im probably gonna step out of this, because all the parties invovled are old enough and mature enough so they can deal iwth it themselves. If they dont take the initiative to do anything, thats their own problem. They can be stupid twice.

Thanks for all the replies and advice

^^ hire some ppl on the streets(homelss) and pay them $10 and have them stab a needle that that they have used into B.

B will have fun with all the STD's/AIDS that he is get for the rest of his life.

If that fucking happened to me, I'd call it a write-off, and hire thugs to beat him down to the point that he's a para or quadraplegic.

update guys:

so after getting more information from (A) about (B), we fidn out they have no car, theyre renting a house, works a minimum paying job so basically SOL.

We thought abt taking (B) to small claims court, but I found out (B) is 99% sure dealing drugs on the side, so even if we win in court or sue his ass he can claim bankrupty or w/e pay back what the judge deems as acceptable from his minimum paying job and still live a very lavish lifestyle. so what to do?

(B) has nothign worth of value, so any other suggestions?

If you want to screw B over, maybe you could give the cops an anonymous tip about B's extra-curricular activities?

that is a good idea. Call crimestoppers and you could possibly get a reward :)

i think i will do just taht.

anyone think its a good idea to call him out and destroy his rep from his mutual and/or friends and his business partners/employers?

(B) is a semi well known dj around the lower mainland and djs at some events

^^ if he gets busted for being a dealer than obviously that means his rep with friends/family/business associates will be ruined. The only thing is if you do it you will be called a rat by anyone that figures out its you so you need to decide if being labeled that is worth getting a reward from crimestoppers.

if hes a local dj.. i suggest going to the club or whatever... wait till hes off work and collect some $.. cuz they get paid in cash at the end of the night.. and for sure hes walking out that club w/ 200+ in his pocket.. :haha:

Just do it!