Money Actions & Promissory Notes
Helping You Enforce What You're Owed
When someone borrows money and doesn't pay it back, the consequences go beyond frustration-they impact your finances, your business, and your peace of mind. Whether you loaned money informally, signed a promissory note, or are owed payment from a contract or service, you have legal options to recover what's yours.
At The Law Offices of Michael M. Kaplan, we represent individuals and businesses across Massachusetts in civil actions to collect unpaid debts and enforce promissory notes. We take your claim seriously and move quickly to hold the responsible party accountable.
Legal Action for Unpaid Loans, Debts & Agreements
Debt recovery isn't just for banks or lenders. If you've extended credit, paid in advance, or loaned money in good faith, you deserve to be repaid. We assist with cases involving signed promissory notes, verbal loan agreements, unpaid services, and more.
We'll review your documentation, establish a timeline of events, and determine whether litigation is the right step-or if the matter can be resolved through demand letters and negotiation. If needed, we'll file suit and pursue a judgment in court, including wage garnishment or property liens to collect.
Common Money Actions We Handle
Unpaid Loans Between Individuals
When someone you trusted borrows money and fails to repay it, we'll help formalize your claim and seek recovery through the legal system.
Broken Promissory Notes
If someone signed a written promise to pay and didn't follow through, we can sue to enforce the note and recover the full balance-plus interest and costs, where applicable.
Business & Vendor Payment Disputes
We help business owners and service providers recover payment for work completed, products delivered, or invoices ignored.
Security Agreements & Collateral Enforcement
If a loan was secured by collateral-like a vehicle or equipment-we can help enforce your rights to repossess or recover value through court action.
Debt Collection Litigation
For larger debts or ongoing disputes, we bring formal court actions to secure judgments and enforce repayment using available legal remedies.
Frequently Asked Questions
Is a verbal loan agreement legally enforceable?
It depends on the circumstances. In Massachusetts, certain oral agreements are enforceable if they meet key legal criteria. The more documentation or proof you have-texts, emails, bank transfers-the better. We can assess your case and advise on the best approach.
How long do I have to file a money claim in Massachusetts?
Generally, the statute of limitations for contract-based money claims is six years, but timing can vary based on the facts. The sooner you speak with a lawyer, the more options you'll have.
What happens if the borrower doesn't have money to repay me?
Even if the borrower lacks funds now, a court judgment gives you enforcement rights-like wage garnishment or placing liens on assets-which may be useful over time. We'll help you understand your options.
When someone fails to repay a loan or honor a financial agreement, it's not just a broken promise-it's a legal matter. We're here to help you resolve it.
Ready to Talk?
If someone owes you money under a loan, contract, or promissory note, contact our office at (508) 473-1161. We'll review your situation and help you pursue the recovery you deserve-with clarity, professionalism, and proven legal strategies.