[Lawsuit for loan return] Case won in plaintiff’s favor by acknowledgm…
페이지 정보
본문
[Lawsuit for loan return] Case won in plaintiff’s favor by acknowledgment of the defendant’s confession
1. Background
An ethnic Korean with Russian citizenship (“Client”) loaned 30 million won to an acquaintance, but the money was not returned even after the repayment period expired.
The debtor has been delaying the return of money for a long time - he paid only part of the interest without repaying the principal debt amount so far – for over 1 year. Even worse, the debtor disappeared and vanished. In this regard, the Client approached KORUS LAW.
2. Our Value
We collected and presented materials evidencing 1) existence of a debt acknowledgement letter and a fact of money transfer between the parties, 2) expiry of repayment period, 3) stipulation of interest rate, etc. Accordingly, we immediately filed a lawsuit for recovery of the loan back.
The defendant was delivered with the complaint, but did not respond, therefore we were able to bring out a judgment in the plaintiff’s favor based on the defendant’s confession in accordance with Article 150 of the Civil Procedure Act.
3. Significance
Even though the court rendered a judgment in the plaintiff’s favor, unless the debtor pays voluntarily, the lender must enforce execution of the judgment.
We are going to provide the Client with comprehensive one-stop legal services, including enforcement procedure (seizure of bankbook, foreclosure auction of real estate, etc.).
1. Background
An ethnic Korean with Russian citizenship (“Client”) loaned 30 million won to an acquaintance, but the money was not returned even after the repayment period expired.
The debtor has been delaying the return of money for a long time - he paid only part of the interest without repaying the principal debt amount so far – for over 1 year. Even worse, the debtor disappeared and vanished. In this regard, the Client approached KORUS LAW.
2. Our Value
We collected and presented materials evidencing 1) existence of a debt acknowledgement letter and a fact of money transfer between the parties, 2) expiry of repayment period, 3) stipulation of interest rate, etc. Accordingly, we immediately filed a lawsuit for recovery of the loan back.
The defendant was delivered with the complaint, but did not respond, therefore we were able to bring out a judgment in the plaintiff’s favor based on the defendant’s confession in accordance with Article 150 of the Civil Procedure Act.
3. Significance
Even though the court rendered a judgment in the plaintiff’s favor, unless the debtor pays voluntarily, the lender must enforce execution of the judgment.
We are going to provide the Client with comprehensive one-stop legal services, including enforcement procedure (seizure of bankbook, foreclosure auction of real estate, etc.).