Posted by Art Castaneda on 4/3/07 12:15am
Msg #183485

Fee from 2005

I was going back through my invoices for the last couple of years and and noticed that I never received a payment on a loan gone bad at the end of 2005. I sent an invoice and never received payment. Should I continue to go after it or should I let it go because here it is over a year later and I just realized that I never received it. What would you do? I guess business has slowed down quite a bit for me that I'm getting a chance to catch up with some old paperwork and looking for anything I can get. Anyway, thanks for your input.
Art

Reply by Art Castaneda on 4/3/07 12:18am
Msg #183486

By the way, it wasn't my fault that the loan went bad, the borrowers didn't agree with some of the terms and decided not to go through with it.

Reply by Larry/Ca on 4/3/07 12:28am
Msg #183488

Not much chance of getting...

paid for something nobody else got paid for two calendar years ago.

Reply by Lee/AR on 4/3/07 8:58am
Msg #183503

Whatcha got to lose? Can't hurt to try. Heck, some SOX signers have been waiting that long to get paid. LOL

Reply by Calnotary on 4/3/07 9:49am
Msg #183516

I dont know about you but in my case I check every 1st of the month on my invoices "who is" past 30 days and start refaxing or re-emailing(sp)to whoever owes me money. And I dont remove the invoice from that pile until it gets paid.

Reply by cara on 4/3/07 12:34pm
Msg #183535

CA Code of Civil Procedure § 337 provides for a 4 year statute of limitations for written contracts, http://www.leginfo.ca.gov/calaw.html. This is the time you have to bring a lawsuit. If you do not act in the timeframe set out by law, your claim is dead. If you have a written confirmation, you could still make a written demand letter and sue in small claims.

IMHO. I am not a CA licensed attorney, and this is not intended as legal advice, etc.