Seocho-gu civil lawyer wins suit for return of rental money... Rapid progress is key
Media Asian Economy
2021-07-30
Views 1,461
Daeryun Law Firm (CEO Shim Jae-guk) announced that it won a loan dispute held at the 1st Civil Affairs Department of Jinju Branch of the Changwon District Court on the 18th of last month.
According to Daeryun Law Firm, at the time, the defendant, Mr. A, naturally formed a friendship with Mr. B, the parent of his child's classmate, through volunteer work, and borrowed money from Mr. B for living expenses and did not repay it. Mr. A then additionally persuaded five financial institutions, including capital and savings banks, to take out loans, and Mr. B, who complied, suffered property damage of approximately KRW 200 million.
Civil lawyer Daeryun Seoul Office (Seocho-gu), who represented the plaintiff at the time, said, “If the debtor disposes of its assets and enters rehabilitation or bankruptcy proceedings, it becomes more difficult to receive money,” and added, “We entered the lawsuit with the goal of receiving repayment of the debt and delayed damages through a prompt lawsuit.”
In addition, he said, "The case at the time was about a lawsuit requesting the return of a loan, and if you get a winning ruling and obtain the right to execute, you can select a financial institution and seize the other party's account, etc., and if there is a balance, you can apply the amount to the bond through a collection order." “It would be helpful to process it with a legal assistant,” he added.
An industry expert advised, "In general, creditors who suffer from not receiving their money back often hand over money without any special procedures out of hope. However, in order to minimize economic, time, and mental damage in the event of a legal dispute in the future, creditors must take care of their rights themselves," adding, "Writing out an IOU, recording, or leaving a text message are also methods. Rather than cash transactions, it is preferable to use bank transfers that leave evidence or check transactions that leave records."
Reporter Lim So-ra mail00@asiae.co.kr
According to Daeryun Law Firm, at the time, the defendant, Mr. A, naturally formed a friendship with Mr. B, the parent of his child's classmate, through volunteer work, and borrowed money from Mr. B for living expenses and did not repay it. Mr. A then additionally persuaded five financial institutions, including capital and savings banks, to take out loans, and Mr. B, who complied, suffered property damage of approximately KRW 200 million.
Civil lawyer Daeryun Seoul Office (Seocho-gu), who represented the plaintiff at the time, said, “If the debtor disposes of its assets and enters rehabilitation or bankruptcy proceedings, it becomes more difficult to receive money,” and added, “We entered the lawsuit with the goal of receiving repayment of the debt and delayed damages through a prompt lawsuit.”
In addition, he said, "The case at the time was about a lawsuit requesting the return of a loan, and if you get a winning ruling and obtain the right to execute, you can select a financial institution and seize the other party's account, etc., and if there is a balance, you can apply the amount to the bond through a collection order." “It would be helpful to process it with a legal assistant,” he added.
An industry expert advised, "In general, creditors who suffer from not receiving their money back often hand over money without any special procedures out of hope. However, in order to minimize economic, time, and mental damage in the event of a legal dispute in the future, creditors must take care of their rights themselves," adding, "Writing out an IOU, recording, or leaving a text message are also methods. Rather than cash transactions, it is preferable to use bank transfers that leave evidence or check transactions that leave records."
Reporter Lim So-ra mail00@asiae.co.kr
View original article - https://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=277&aid=0004600931
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