Quote:
Originally Posted by omega_x
Don't know whether it helps or not. I read somewhere before, as long as the amount you lent (without IOU) is above XX (i can't remember) figure, you have all the rights to use legal action against that person.
Maybe I can try asking my ex-lawyer friend, see whether he knows anything.
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The amount is 10k, it will be classified as Fraudulent Debtor by the Police. However, they will still advise you to take up a civil suit against that person. There is no gurantee that you will get your $ back and you might even end up burning a hole in your pocket.