….If they never signed a contract or any kind of written agreement?

My grandfather loaned his sister’s grandson, Zach,(my second cousin) a loan of twenty thousand dollars. He claimed he was going to better his life by taking flying lessons to become a pilot. He convinced my Papaw that this was basically a "education" loan. My grandfather, being the generous and giving person he is lent him the money and set up a payment plan with Zach to get the money back over time. This was in April of 2009. My Papaw was diagnosed with cancer in June 2009 and passed away in November 2009. Zach made payments until November 2009, when my Papaw passed away.

Before my Papaw passed, he told my aunt (which is over his estate) to make sure that Zach keeps making payments. Now Zach has become extremely disrespectful to our immediate family. He doesnt make any payments, he doesnt return calls or texts and he gloats and posts pictures of a new small business he has opened on Facebook. My aunt even met with him and lowered his payment so he would be able to pay.

So what I am wanting to know is, without having any written agreement between Zach and my grandfather, can we take him to court to get the money back?

Also another detail is today we ran into him at the bank and he said "I just filed bankruptcy, my lawyer should be in contact with you"

Technorati Tags: bankruptcy, cancer, education, immediate family, lawyer, lent, money, papaw, pilot, second cousin, small business, texts, thousand dollars

I have a private student loan that i defaulted on when I got sick and when I tried to make payments i was told it was charged off. That’s when MRS Associates contacted me DEMANDING payment in full (93,000.00) I told them I clearly couldnt afford that and they offered to settle for something like 50k. I only make 40k a year and clearly do not have the kind of money around. My grandparents are my cosigners and I’m so terrified they will sue them. I’ve begged and pleaded for a payment plan but they refuse. My grandparents have their house in my mother’s name and they don’t own anything other than a car, but I fear for their savings and the whatnot if this does go to court. I’m trying to obviously avoid court at all costs. I know I cannot file bankruptcy, i know i should have paid the loans, i know all of the things that many people post on other questions–like i said i was hospitalized for a few months and never got a handle on my bills after that. If anyone has some advice as to what I should/could do to prevent my grandparents getting sued I’d be so grateful. Thank you and I appreciate your help.
Hey Lari, you get cancer and tell me how you deal with it. How about that? I’m sorry I don’t make 100k that affords my medical bills in addition to my student loans. I pity whoever has the dire unfortune to associate with you.

Technorati Tags: 100k, bankruptcy, cancer, cosigners, grandparents, medical bills, money, private student, student loan, student loans, unfortune, whatnot

What do you do to fix your life when you’ve had to file bankruptcy, a teen turns to heroine and steals everything (but is 26 now-living away)– too little too late now – all gone, you lose your home after cancer, you’re working very hard, you owe a lot of money to a lot of people, your cars keep breaking down, you owe the IRS, you have no health insurance, you lose your job (lay-off) and can’t pay car insurance, car insurance lapses and then you can’t get new insurance because it costs MORE because you "let it" lapse, you can’t get ahead because bad bad things keep happening – for years and years and years (not a new thing), you are feeling helpless and hopeless. There’s no help out there because of course you "make too much money" for assistance. No family to help (you don’t want to take from anyone anyway) and you are afraid to wake up every morning? Plus you have a wonderful teen who deserves the WORLD and he’s gone without for many years himself because of everything?
Added after reading answers
1. I am a female
2. I am not the drug addict – my son was. There was a lot of advice about 12 step programs and don’t do drugs. THAT ISN’T MY PROBLEM. I’m NOT asking because I’m feeling sorry for myself. I’m explaining HOW THINGS GOT BAD and wondering how I can get out is all. "Twiddle your thumbs and feel bad for those without thumbs?" First of all, I’ve been one to give my last dollar to a hungry man on a street. The answers I was looking for were some positive real answers from possibly someone with background in this type of thing. I’m looking for real answers – not for you to feel sorry for me. The praying part IS A GOOD ANSWER – and hearing others stories help too (thank you). But the rest of you, if you are going to answer the question, read the question.

Technorati Tags: 12 step programs, bad bad things, bankruptcy, cancer, car insurance, cars, drug addict, drugs, good answer, health insurance, heroine, hungry man, insurance, insurance car, irs, job, lapses, last dollar, much money, new insurance

i had quite a lot of medical care when i had cancer and am making payments to a hospital that just filed bankruptcy and closed its doors. do i still have to make payments? i’m not even sure who i would make them to.

Technorati Tags: bankruptcy, cancer, doors, medical care

i owe about k dollars in medical bills, owe 0 a month for a car i am upside k on (needed the car for the last job i had), and about 2500 in credit card debt, also i have a k private loan and i am living off of a school loan.

i got in trouble finacially because i got cancer and had no medical insurance, now medical insurance for me is about 0 a month, and it won’t even cover the previous condition anyways.

should i file for bankruptcy?

will bankruptcy even solve any of my financial problems? i am struggling to survive day to day and i am tired of it, i have a credit score around 700 but the first goal was trying to keep my credit good, now my goal is just to survive.

there is no work here, the area i live and go to college has been hit hard economically, even mcdonalds jobs have about 20-30 people a day applying for it.

Technorati Tags: cancer, credit card debt, credit score, finacially, insurance, jobs, last job, mcdonalds, medical bills, medical insurance, previous condition, private loan, school loan, should i file for bankruptcy