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Home Q&A Forum if a borrower is unabIe to pay totaIIy , what wiII be next step

Debt

Demand Letter For Payment

New York

Asked on Jan 2, 2023

if a borrower is unabIe to pay totaIIy , what wiII be next step

i Iend someone my money and he is faiIng to pay back

1 Attorney answer

Answer

Debt

New York

Answered 474 days ago

Daniel R.

ContractsCounsel verified

Business Lawyer
Licensed in New York
Free Consultation

I would start with a demand letter and see if you can work out a confession of judgment and a payment plan with debtor

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