Quote:
Originally Posted by John Doe
If he acts now and gets an attorney, he may be able to recover under the exception to the statute of frauds being the past performance of the first loan he made. But he better act now due to the time that is passing.
'Course a judgment is just a piece of paper and the guy is probably in bankruptcy or otherwise judgment proof.
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I knew you'd come through JD.
I had a $10K note from a well established business associate. Then the Feds came and hit him with a $650K judgment. He hid all his assets and worked with cash or through the accounts of others.
I'll let you guess what I could do with my note.
He died of AIDS at the age of 52..........I felt good about it..........a prick all the way around.