[Ulsan Loan Claim Attorney Wins] Through the Ulsan Loan Claim Attorney's Assistance, the Full Loan Amount Is Successfully Recovered

The client and the defendant had been close friends since middle school.

One day, the defendant told the client that their financial situation was poor and asked for help.

The client's finances were not comfortable either, but out of understanding for the defendant's difficult circumstances, the client lent 14 million won.

The defendant had promised to repay the loan soon, but kept putting off repayment, and by now had even cut off contact.

The client therefore came to the Ulsan loan claim attorney to recover the loan legally with the help of a specialist attorney.

■ Civil Act Article 598 (Definition of a Loan for Consumption)

A loan for consumption takes effect when one party agrees to transfer the ownership of money or other fungibles to the other party, and the other party agrees to return the same in kind, quality, and quantity.

■ Civil Act Article 390 (Nonperformance of Obligation and Damages)

If an obligor fails to perform in accordance with the substance of the obligation, the obligee may claim damages. This shall not apply, however, where performance has become impossible without the obligor's intent or negligence.

■ Civil Act Article 393 (Scope of Damages)

① Damages for nonperformance of an obligation are limited to ordinary damages.

② Damages arising from special circumstances are recoverable only where the obligor knew or could have known of those circumstances.

▶ The Ulsan loan claim attorney emphasized that the defendant had used the fact of being close to the client since middle school to gain the client's trust, then borrowed the money, and to this day has not returned it.

▶ The Ulsan loan claim attorney emphasized that the client's health had deteriorated because of the betrayal by the defendant whom the client had trusted.

▶ The Ulsan loan claim attorney emphasized that the client was suffering great economic and emotional hardship because the loan had not been repaid.

In this case, the client had lent money out of understanding for the defendant's difficult circumstances, but the loan had still not been repaid, so the client sought assistance from an Ulsan loan claim attorney.

Working together with the Ulsan loan claim attorney, the client was able to recover the full amount of the loan.

If you are facing a similar situation in which a loan has not been repaid, an Ulsan loan claim attorney can assist you.