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Debt owed to me.

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Redfalcon | 09:14 Tue 18th Sep 2012 | Law
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Sorry messed up my reply,a so called friend owes me £5,800,there is no written agreement only cheques that were written out to her and a verbal promise in front of her solicitor at the time who has since retired.

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You're stuffed.
A solicitor who didn't insist on a loan agreement being put down in writing? odd.
You may be in a difficult situation without a properly worded written contract, a verbal contract is, of course, as binding as a written contract, the difficulty comes with the terms of the contract being correctly remembered or if the matter goes to court proving the terms, particularly that it was a loan to be repaid and was not a gift. So you are relying on the memory of the debtor and assuming the solicitor was present as a friend rather than acting on your behalf, a friend. I think your best option would be to contact the friend who was present and ask them to write to the debtor and remind them of their responsibilities as your friend remembers them.
i agree....you are out of pocket. why would you give someone that much money without something in writing....esp in front of a brief? you cannot prove it was a loan and will not get anyone to 'buy' the debt off you.

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Debt owed to me.

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