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Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 100977
Experience:  Lawyer
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I sold a trailer to a friend(I thought). I carried the financing

Customer Question

I sold a trailer to a friend(I thought). I carried the financing for him and now he is 5000 behind in payments. I still have to pay
The loan and the trailer is still in my name.
What can I do? I live in Alberta
Submitted: 2 years ago.
Category: Canada Law
Expert:  Debra replied 2 years ago.
How much is owing all together and what is the trailer worth?
Customer: replied 2 years ago.
The trailer is worth approximately 12000.
There is 5000 outstanding.
He has had the trailer for 1 year
It should have been paid out on the 16th of July this year
Expert:  Debra replied 2 years ago.
Do you want the trailer back or just the $5000?
Customer: replied 2 years ago.
I just want it paid for.
Expert:  Debra replied 2 years ago.
Then you can sue your friend in Small Claims Court.
You can send him a letter giving him a deadline to pay you in full and tell him that if he fails to comply you will commence legal proceedings.
You can then sue and self-represent. You can also ask for interest and your costs.
If you find you need some the process you can post on this site again and I can assist you further.