Pohang Loan Claim Attorney Assistance Case | Our Pohang Loan Claim Attorney Assists with a Loan Claim Lawsuit and Achieves Full Recovery

The client who came to our Pohang loan claim attorney wished to pursue a 🔗claim for return of a loan after failing to recover money he had lent.

At the request of a distant relative, the client had come to lend several hundred million won over a number of years.

The relative continually borrowed money from the client, citing the failure of his business and his child's medical expenses as urgent needs for funds.

When the relative did not return the money even after the promised period had passed, the client went so far as to obtain a handwritten loan certificate from the relative.

Despite the repayment date stated in the loan certificate having passed, the relative was still not repaying the client's money.

Weary of waiting, the client ultimately resolved to pursue a loan claim lawsuit and came to our Daeryun Pohang attorney, who has extensive experience with claims for return of a loan.

Civil Act Article 390 (Nonperformance and Damages)

If an obligor fails to effect performance in accordance with the substance of the obligation, the obligee may claim damages. However, this does not apply where the performance has become impossible without any intent or negligence on the part of the obligor.

Civil Act Article 393 (Scope of Damages)

① Damages for nonperformance shall be limited to ordinary damages.

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

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

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

Our Pohang loan claim attorney argued to the client that the relative, who had borrowed money over several years and was not repaying it, also had to pay delay damages.

Delay damages for default arise from the day following the repayment date stated in the loan certificate handwritten by the relative himself.

Our Pohang attorney specializing in loan claims emphasized the relative's obligation to pay delay damages, given that he had broken his promises several times and had still not repaid a single won of the money he had borrowed.

Our Pohang loan claim attorney argued that, in order to recover the money the client had lent to the relative, the client had even obtained a loan certificate.

The client had not expected to come into such a prolonged dispute with the relative over money, and he had prepared the loan certificate, trusting the relative once more in the hope of avoiding litigation.

Despite the loan certificate having been prepared, the relative gave no response to the client's demands for return of the loan even long after the repayment date had passed.

Our Pohang loan claim attorney submitted the loan certificate handwritten by the relative himself and emphasized that the loan, together with interest, had to be returned.

Our Pohang loan claim attorney was visited by a client who wished to file a lawsuit after failing for several years to recover money he had lent to a relative.

In response, Daeryun formed a case team of Pohang attorneys with extensive experience in claims for return of a loan and assisted with every stage of the lawsuit.

As a result, the court accepted our Pohang loan claim attorney's arguments, and the client prevailed, recovering the full amount of the money he had lent.

If, like the client above, you are unable to recover money you have lent, 🔗our Pohang loan claim attorney at Daeryun Law Firm recommends that you consult with us.