im owed money help

maidmarion1965

im not sure if this the right place to post but
In 2005 I loaned somebody £42,000
I can prove the money loaned as I have a paper trail,
also something in writing the money would be paid back.
Its now 2019 and I still have not been paid back, the person
I loand the money to has throughout the years bought and sold property, also started a business
and I am aware they 126,000 in the bank this time last years and their business doing well. table { }td { padding-top: 1px; padding-right: 1px; padding-left: 1px; color: black; font-size: 12pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: Calibri, sans-serif; vertical-align: bottom; border: medium none; white-space: nowrap; }

marcarm

Not sure how you know how much they have in the bank, but thats neither here or there, you need to send a LBA then small claims court, and then be very surprised if you get a penny back.

Grumpelstiltskin

https://www.gov.uk/make-court-claim-for-money

But don't hold out any hope.

Alternative contact Judge Rinder

Comms69

If the debt hasn’t been acknowledged for 6 years then you may struggle

marcarm

Comms69 wrote: »

If the debt hasn’t been acknowledged for 6 years then you may struggle

Actually, I missed that.

Why leave it 14 years, especially for a sum that large?

Pollycat

Grumpelstiltskin wrote: »

https://www.gov.uk/make-court-claim-for-money

But don't hold out any hope.

Alternative contact Judge Rinder

The 'show' has a limit of £5k.

How very odd to leave this for 14 years...

TBagpuss

Has this person paid you anything since the money was loaned, or acknowledged the debt.? In the written agreement was anything said about when the money was to be repaid?
If not, then as others have said, you may now be too late to get anything back.