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#1
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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? |
#2
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Re: Collecting on a stake gone bad
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 |
#3
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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. |
#4
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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 |
#5
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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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#6
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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 |
#7
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Re: Collecting on a stake gone bad
You are wasting your time.. Take it as lesson learned...
The "old fashioned" way likely wont work either.. You will just wind up with an unenforceable contract and some criminal charges as well.. How much money are you talking? Also, IM not trying to be a butthole, but why would you stake someone that you barely know? Especially when you werent even aware that the contract was likely never enforceable.. If there was no Exact Amount listed to be repaid, it lasted over 1 year or was over 1,000 it had to be signed. Also, it couldnt involve any illegal activity, which it likely does. Sorry for the bad news |
#8
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Re: Collecting on a stake gone bad
[ QUOTE ]
You are wasting your time.. Take it as lesson learned... The "old fashioned" way likely wont work either.. You will just wind up with an unenforceable contract and some criminal charges as well.. How much money are you talking? Also, IM not trying to be a butthole, but why would you stake someone that you barely know? Especially when you werent even aware that the contract was likely never enforceable.. If there was no Exact Amount listed to be repaid, it lasted over 1 year or was over 1,000 it had to be signed. Also, it couldnt involve any illegal activity, which it likely does. Sorry for the bad news [/ QUOTE ] under 1.5k. Which was a LOT back then. Now it's still a decent amount, but not mind blowing. I was a n00b looking for the fast track. I would also get lessons out of the deal, plus a set return of like 25%. |
#9
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Re: Collecting on a stake gone bad
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... ? |
#10
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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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