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    julbox3134's Avatar
    julbox3134 Posts: 3, Reputation: 1
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    #1

    Oct 9, 2012, 08:36 PM
    Brother Has Not Abided By Terms Of Promissory Note-Owes Me $260,000, Now What?
    I have a promissory note signed by my brother in front of my lawyer and notorized accordingly. My brother has basically just quit paying me anything and I really need the money. What can I do to get the money he owes me. I am tired of being patient and saying nothing.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 9, 2012, 08:44 PM
    First, say something, ask him for the money,

    Next what is the terms of the note, is there monthly payments, what is the terms for being in default ?

    But you hire an attorney and sue him in court for the money( if you are in the US) and get a judgement and then go after his money.
    julbox3134's Avatar
    julbox3134 Posts: 3, Reputation: 1
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    #3

    Oct 9, 2012, 08:48 PM
    Quote Originally Posted by Fr_Chuck View Post
    First, say something, ask him for the money,

    Next what is the terms of the note, is there monthly payments, what is the terms for being in default ?

    But you hire an attorney and sue him in court for the money( if you are in the US) and get a judgement and then go after his money.
    I have no problem taking him to court, but quite honestly I am truly broke at this point and can't hire one. What can I do, I really need the money.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #4

    Oct 10, 2012, 03:44 AM
    Since the amount is greater than small claims court you will have to file in civil court. Since you have a properly executed promissory note, you will just need to prove he hasn't not paid according to the terms of the note.

    You can probably do this without an attorney.
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