February 21, 2015
From the “No good deed goes unpunished” department: Q: I deposited more than $20,000 into my business partner’s account under the impression that he would add my name to the new company and to the house I had paid off for him and that he would put my name on the new car title, too. But none of the above has happened and he refuses to discuss it since I am not going hungry or without a place to stay. He now says he cannot trust ANY woman to do the right thing in money matters that involve him (But he sure took my money without any qualms). How can this be resolved? A: You have a thorny situation on your hands, and I don’t envy you. Unfortunately, without having anything in writing (which I assume you don’t; otherwise your business partner wouldn’t be as cavalier with your money), your only option right now is to sue him. You may get lucky in that the threat of bringing a lawsuit (and the costs he’ll incur)…
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