FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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fraud

A family member borrowed $30,000 from me in 2004 and has not paid it back. I just found out that they went bankrupt 5 days after I lent them the money. Did that person break any laws? Should I call a lawyer, the police, or both? Thank You, Gord.

Posted from: Ontario

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One Response to “fraud”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

From the sounds of it the individual in question may have obtained that loan fraudulently (i.e. they had no intention to actually pay it back) and as a result if you would have taken certain actions at the time it would have survived the bankruptcy. Now their may still be some recourse, but it is a little more difficult as the bankruptcy was so long ago. However, I think you are correct that you should first contact an insolvency lawyer and obtain an opinion as to what the likelihood of success would be in a matter such as this.