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  1. #1
    Join Date
    May 2011
    Posts
    2

    Default Employer Owes $28k Without Arranging Any Repayment for the Last Year

    My question involves business law in the state of: Florida

    Hi,

    I know this is an off topic email but i could really use some advice/help with a situation i am in.

    My old boss who is going through a hard time financially owes me $28000. His credit is poor-fair. He doesnt know when he will be able to repay me. We agreed recently that given this factor a interest rate should be assigned to the owed money. Do you have any recommendations for a fair interest rate for him, who by the way happens to be a semi friend yet has been reluctant to address the debt. He has now owed me the total of $28,000 for a year now.

    He doesnt have any real assets besides a pension and little money in the bank.

    Thank you for any help you can offer

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Employer Owes $28k Without Arranging Any Repayment for the Last Year

    you shouldn't post this multiple times.

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