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Lawsuit Loan New YorkForum - Questions & Answersget a loan on a settled lawsuit in new york state?Question:Answer: What's the question? Or are you trying to solicit business where you are offering a loan contingent upon monies that are to be received regarding a lawsuit OR are you asking is it okay to obtain a loan based on monies you are going to receive? If it is the latter I would not go near those organizations. Wait for your money. ![]() In small claims court in New York State....?Question: ...in New York State, can someone sue you for money owed, when you never actually borrowed the money from them? Here's the story. Before I got divorced, my wife borrowed $4000 from her sister. After my wife and split up, I borrowed $600 from my ex-wife's sister, and she has since been paid back. My ex-sister in law at one time told me I didn't have to worry about the money, that she would get it from her sister. Her sister paid her 2000 of it, and she wants me to pay the other half. Her HUSBAND, not her is taking me to small claims court for $2600. The half of the 4000 and the 600, although that was paid back. Can he legally sue me for this money? No money EVER exchanged hands between me and him. They weren't married when the 4000 was borrowed, and I'm not sure if they were at the time of the 600. There was NO reciepts or promisary notes. The actual person who loaned the money IS NOT named on the lawsuit...Can he sue me?Answer: Anybody can sue anybody else. That doesn't mean they have a case. When you get to court, ask for trial "by the court" rather than by some volunteer arbitrator who might try to "do justice" rather than apply the law. (Usually the artbitrators are good, but this could prove a tough case if the other side lies.) Your arguments: (1) the plaintiff has no standing (he didn't lend the money); (2) you never borrowed the $4,000. And, if relevant, (3) the issue is resolved by your divorce property settlement. By and large, oral agreements are superseded by written ones. Don't volunteer any information. Don't answer questions not asked. I assume the $600 is not at issue. ![]() What is the Federal Reserve collecting as collateral if their $2 trillion secret loan isn't paid back?Question: Not only does the Federal Reserve REFUSE to disclose who they loaned $2 trillion to, they also will not disclose what collateral they were offered. Bloomberg filed a Freedom of Information lawsuit....AND WON. The Federal Reserve has until Sept. 30 to appeal. What do you think?? http://www.bloomberg.com/apps/news?pid=20601109&sid=ahys015DzWXc The U.S. has lent, spent or guaranteed $11.6 trillion to bolster banks and fight the longest recession in 70 years, according to data compiled by Bloomberg. That’s a 9.4 percent decline since March 31, when Bloomberg last calculated the total at $12.8 trillion. The tally “ignores the fact that virtually all commitments are backed by assets,” Andrew S. Williams, a Treasury Department spokesman who had the same role at the Federal Reserve Bank of New York until earlier this year, said in an e- mail. “The Federal Reserve’s current ‘outlays’ are largely in the form of secured loans. The aggregate value of the collateral backing those loans exceeds the loan value. These are not ‘outlays.’” Refused to Identify Spokesmen Calvin A. Mitchell of the New York Fed and David Skidmore of the Fed in Washington declined to comment. The Fed has refused to identify the collateral backing its loans. Bloomberg News parent Bloomberg LP, the New York-based company majority-owned by Mayor Michael Bloomberg, sued the central bank in November to force it to provide the information. U.S. District Judge Loretta A. Preska gave the Fed until Sept. 30 to appeal her decision requiring more disclosure about the financial institutions that have benefited. http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return....................Federal Reserve spokeswoman Michelle Smith declined to comment on the loans or the Bloomberg lawsuit. Treasury spokeswoman Michele Davis didn't respond to a phone call and an e-mail seeking comment. President-elect Barack Obama's economic adviser, Jason Furman, also didn't respond to an e-mail and a phone call seeking comment from Obama. In a Sept. 22 campaign speech, Obama promised to ``make our government open and transparent so that anyone can ensure that our business is the people's business.'' http://econsultancy.com/blog/4506-bloomberg-s-federal-reserve-lawsuit-highlights-the-importance-of-news-organizations Last November, Bloomberg filed a Freedom of Information Act lawsuit that sought to force the Federal Reserve to disclose the companies that took advantage of its emergency lending programs. The Federal Reserve had refused to disclose the names of these companies, claiming that such a disclosure could scare shareholders and potentially spark a run on deposits held at these institutions. Bloomberg countered that the American people had a right to know the names of these companies. After all, the public had become an "involuntary investor" in these companies because by way of the Fed's actions. Matthew Winkler, Bloomberg News' editor-in-chief, put it this way: When an unprecedented amount of taxpayer dollars were lent to financial institutions in unprecedented ways and the Federal Reserve refused to make public any of the details of its extraordinary lending, Bloomberg News asked the court why U.S. citizens don’t have the right to know. uma.....thanx for the linkAnswer: They have a choice either make the loans or go down to the cellars next to the incinerators and get Romanoved ! ![]() CIVIL LAWSUIT QUESTIONS?Question: To make a long story short, a lady in Arizona, she was like an employee for my company, but she was paid as a sub contractor to do random work for my company (answer e-mails & respond to customers, etc.). I am in New York State. Anyway, she has done work on and off for me since 2008. We would talk on the phone quite a bit and she would just tell me things about other services that she offers her customers, etc. She would also give me other "business ideas". Well, one of the services that she offered to her customers was "Administrative Services", which is a service where she would handle some of the customer service tasks for her small business customers. Well........ I thought that was a neat idea - and I implemented that service to my company and I made a few good sales on it. This was about year and a half ago to to two years ago. Anyway.....she recently asked me for $2000 loan because she is having financial problems paying her apartment rent and she claims she needs the money because she is already being evvicted. I refused to pay her the $2000 loan -- which I have every right to because I AM NOT a bank and I do not have to give her 2 cents . Anyway.......now that I refused to pay her ,she started sending me PayPal invoices for random amounts that total up to $1800. She claims she is CHARGING me $1800 for stealing her ideas like the "administrative services" thing. She also claims the $1800 also includes fees for "ideas" that she had given to me over the phone since April 2008. Well - for one - there was never an agreement in place that said I could not use her ideas such as offering my customers "admin services" too. There are lots of companies that provide administrative services - it's not her idea - it's a service offered by many companies. So, I think that is ridiciolous for her to say I stole her idea...........not to mention, there was no agreement in place about that said I could not offer the same services she offers her customers to mine . There was also NO AGREEMENT about me using her ideas . In the first place, why would she even tell me her ideas if she didn't want me to use them?? Well, when we did talk on the phone, I would ask her questions - she had every right not to answer them if she felt she would be giving out too much info, but she answers them for me. You know, this is business, there were TONS of things we talked about in 2 years about business, we would talk about a broad range of business topics. Anytime she did work for my company, she got paid for it. I told her to show me one email where I ever refused to pay her and she told me I NEVER REFUSED TO PAY HER. She simply claims I owe her $1800 for using "her" ideas. She even got paid for sitting on the phone just talking to me and answering questions I asked her.Which this considered more like "consulting". she wants to sue me for $1800, i told her to go ahead and do that, and since that time I have not wrote her back any e-mails. this woman is a complete WITCH (i really mean the B word). Just because i did not give her a loan she wants to FIND a lot of crap to throw in my face. This $1800 problem woudl not have come up if I had not refused her loan of $2000. she claims she could sue me in AZ... doesn't she need to consult a NY attorney for that matter anyway?? and do you feel that she really has a case? she also claims she will charge me $100 a day that I don't pay her and she also claims i will have to pay attorney fees LOL. Unless there is an agreement set in place that i signed from the getco, she can't do this. I have tried suing people for $5000 in the past for nonpaying customers, many lawsuits i cancelled simply becasuse it wasn't worth the time. i'm a medium business - monthly net revenue is approximately $20 to $30k. so, i'm really not worried abotu $1800, but i really wnat to know how far legally she could take this because i signed no agreements with her ever. but yes- i have used the ideas she had given me.........again, on the phone, we talk about business topics ,so, many things are discussed, after we hang up on the phone ,i think about what we talked about and who knows what ideas i might want to implement next......agian, there was no agreement that i could not use these ideas.........and all of all this is happening because i wont loan her $2k. The funniest part about this whole thing is her letter to me BEGGING that i give her $2000 because she is being evicted. And I still have a copy of that 2 page letter with begging me for $2kAnswer: It doesn't sound like you have a valid contract with her for her ideas. I wouldn't worry too much about this but you might want to consult your lawyer just in case she does try to sue you. ![]() |
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