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#1
11-01-2005, 07:59 PM
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Collecting on a stake gone bad
What are my options in terms of collecting a debt from someone I staked who is avoiding me?
I have a written contract in which he agrees to pay me back $X and also keep in contact with me. He has broken the contract. I have his name, know what school he attended last year, address as of a couple months ago (which may or may not be current), various screen shots. Do I get a collections lawyer? Hire an investigator to find where he lives now? 
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#3
11-01-2005, 08:08 PM
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Re: Collecting on a stake gone bad
[ QUOTE ]
There is no way it will hold up... It undoubtedly will violate many Uniform Commercial Code contract law statutes that will nullify it. Good luck [/ QUOTE ] There are a multitude of reasons why this contract will almost certainly not hold up. Sorry for your loss.
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#5
11-01-2005, 08:11 PM
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Re: Collecting on a stake gone bad
[ QUOTE ]
Guess I will either: 1) Have to collect the debt the old fashioned way 2) wait until online poker becomes legal and let the forums know who this guy is... ? [/ QUOTE ] I seriously doubt that even if online poker was legal, or if you made up a "contract" for a staking arrangement in Las Vegas for B & M play, that any court would enforce it.
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#7
11-01-2005, 08:12 PM
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Re: Collecting on a stake gone bad
[ QUOTE ]
[ QUOTE ] There is no way it will hold up... It undoubtedly will violate many Uniform Commercial Code contract law statutes that will nullify it. Good luck [/ QUOTE ] There are a multitude of reasons why this contract will almost certainly not hold up. Sorry for your loss. [/ QUOTE ] I wouldn't even be able to take it to small claims court ?doh
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#8
11-01-2005, 08:13 PM
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Re: Collecting on a stake gone bad
I'm actually confused by what you mean when you say "stake." Usually when someone stakes a player and they lose, they owe nothing, and you're just collecting if they win. Did you just "lend" him the money, and want it paid back?
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#9
11-01-2005, 08:14 PM
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Re: Collecting on a stake gone bad
[ QUOTE ]
"I have his name, know what school he attended last year, address as of a couple months ago (which may or may not be current), " i think you know what you must do [/ QUOTE ] hoped it wouldn't have to get to that
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#10
11-01-2005, 08:15 PM
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Re: Collecting on a stake gone bad
[ QUOTE ]
I'm actually confused by what you mean when you say "stake." Usually when someone stakes a player and they lose, they owe nothing, and you're just collecting if they win. Did you just "lend" him the money, and want it paid back? [/ QUOTE ] It was, in essence, lent- to be paid back with $Y return. All of which was made clear in the contract
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