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• 1. T

     Person sold loan collateral. Alternate options

     That's good to know. I will get the ball rolling now that I know I can actually get something out of this situation. Thank you.

     • Trevor N
     • Post #11
     • Aug 26, 2019
     • Forum: Small Claims Courts
  2. T

     Person sold loan collateral. Alternate options

     When it all happened, I knew a written contract was crucial, but I did not know how to apply a lien. That was the mistake on my part (outside of making the loan in the first place). My biggest question was about going after other equipment. I ask because he has already been taken to court over...

     • Trevor N
     • Post #9
     • Aug 26, 2019
     • Forum: Small Claims Courts
  3. T

     Person sold loan collateral. Alternate options

     What is the name of your state? North Dakota I gave an $11k loan to a friend for his up-and-coming business, with a written contract and using some of his equipment as collateral. I agreed to allow him to continue using the equipment as it was part of how he was earning the money to repay the...

     • Trevor N
     • Thread
     • Aug 21, 2019
     • Replies: 10
     • Forum: Small Claims Courts