Q: My Son borrowed $213000 in 2019 and signed A Promissory Note containing terms he drafted!
He is delinquent and has refused to answer my texts, emails and phone calls since last May last year.I have requested he work with me to consolidate two other Notes with the $213,000 but he refuses to reply! What can I do to get a return of my money.He is a highly paid National Sales Director for A Fortune 500 Company!
A: Schedule a consultation with a lawyer in your area handling breach of contract matters. The lawyer can start with a demand letter, then file suit if necessary. You didn't say when the loan re-payment was due. You probably have a limit of 5 years from that due date to file suit. If the deadline is coming up fast, you may have no choice but to file suit to preserve your rights. Once suit is filed, you probably have 120 days to have the suit papers served, so there'd be a some time to try to get cooperation before the deadline to serve him.
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