I loaned an ex-boyfriend $36,000 to buy a bobcat. I have a signed IOU stating what the money was for and that he agreed to pay me back as well as the cancelled check that I wrote to him. The IOU states that there is no payment schedule though. He has only paid back about $6000 of it and has made no payments at all in almost a year. I've sent him to collections and they were not able to get much, only about $75 from him. I want my money back or the equipment back so that I can possibly sell it to recover part of my money, but I don't have the money to hire an attorney right now.
He lived with me for almost a year and did not pay a dime while he was here. I paid for everything. I also loaned him money on other occasions which he did not pay back and I have all the cancelled checks to show for it. All total, I loaned him over $50,000 while we were together plus took care of him and his 3 kids. I just want the money back for the bobcat. It was money that came from life insurance after I lost my husband and it was supposed to go to my kids. I trusted him and thought he would pay it back. I need to know if there is anything I can do to recover some of these funds for my kids. I am now broke and struggling just to hold on to my house.