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I have several people owe for money I "loaned" them. In one case it's been 7 years and the amount is $700.All told, I've probably "loaned" $3500 out to friends in the last 10 years.It's about 50/50 whether I get paid back or not most of the time.If they still owe me and made no effort to pay me back, I never give them a second chance.I think you'll probably never see that cash again.Write it off as a tax deduction and go on.
I have several people owe for money I "loaned" them. In one case it's been 7 years and the amount is $700.
All told, I've probably "loaned" $3500 out to friends in the last 10 years.
It's about 50/50 whether I get paid back or not most of the time.
If they still owe me and made no effort to pay me back, I never give them a second chance.
I think you'll probably never see that cash again.
Write it off as a tax deduction and go on.