Assistance with a Loan Civil Lawsuit | Concluding the Full Return of 70 Million Won Lent to an Acquaintance

Some time ago, the client lent money on a total of four occasions after being told by the defendant that there was a good investment opportunity.

In particular, the money was lent at considerable strain, drawing even on the client's severance pay and a bank loan.

The defendant kept putting off the repayment date and ultimately cut off contact and disappeared, leaving the client unable to recover the loan.

The client had prepared to pursue the lawsuit alone in order to recover the money lent to the acquaintance, but a correction order was issued, and so the client came to a loan civil lawsuit attorney.

After reviewing the various litigation cases of the Daeryun General Litigation and Arbitration Group and the attorney's experience, the client entrusted the matter for assistance.

In a claim for return of a loan, pursuing the lawsuit alone may save costs, but it brings many difficulties because of a lack of legal knowledge.

In particular, because one must handle on one's own the drafting of the complaint based on accurate evidence and facts, as well as the other party's answer, oral argument, and the like, legal errors may arise, which can lead to losing the case.

In that event, a great deal of cost and time may have been invested in the lawsuit only to obtain an unfavorable result, and the money may not be recovered, so it is important to obtain the assistance of an attorney experienced in the return of loans in civil litigation.

At Daeryun Law Firm, the 🔗General Litigation and Arbitration Group has attorneys with extensive expertise and practical experience in complex and demanding civil litigation, who form a TF tailored to the client's situation.

From disputes between individuals to class actions, the group responds directly, building close cooperation with experts in various fields.

The issue in this case was that the client had not drawn up an agreement with the defendant.

In addition, the client had not even obtained a loan certificate, so evidence was lacking.

Every civil claim has an extinctive prescription. Because there is a time limit within which money can be recovered, a right cannot be exercised once that period has arrived.

In a loan return lawsuit, a loan certificate or an agreement is important evidence.

Not having one, however, is not necessarily a disadvantage.

It is sufficient to have evidence that can take the place of a loan certificate, such as bank account records showing the transfer of the loan, messenger conversations, or recordings of phone calls.

In addition, when preparing a certified content mail before the lawsuit, it is important to include in the certified content mail, without omission, the specific details that the money has not been repaid, along with the amount, interest, claim information, and the like, and then to send it.

In this way, it is advantageous to file the lawsuit with the assistance of a loan civil lawsuit attorney after preparing a certified content mail or after obtaining a provisional attachment or provisional injunction.