Film, Media & TV5 mins ago
a letter of iou
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My daughter split up with her boyfriend a month ago .He gave her a signed letter stateing he owes her �700 .Time has passed and he is making no sign of paying her. Does anyone know where she stands on this can she take him to the small claims court.
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An IOU just acknowledges that a debt exists. It cannot easily impose any obligation to pay.
If she sues in Small Claims Court part of County Court, at least the IOU will be evidence. Debtor would have to try and disprove it. Court could declare that debt exists and might make repayment order which could then be enforced (eg by Charging Order against debtor's house; attachment of earnings; etc.)
If she sues in Small Claims Court part of County Court, at least the IOU will be evidence. Debtor would have to try and disprove it. Court could declare that debt exists and might make repayment order which could then be enforced (eg by Charging Order against debtor's house; attachment of earnings; etc.)
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