Torts — laches, ability to prove collection hardship

Posted August 3, 2015 3:13 PM

Where the defendant attempts to invoke the defense of laches, the accumulation of interest on an owed debt is not sufficient hardship to demonstrate that he experienced a hardship if the delayed claim is allowed to proceed.The Illinois Appellate Court, 1st District, affirmed the decision of Cook County Circuit Judge Sidney A. III Jones.In August 2002, Samuel Linares executed a promissory note to Advanced Credit Inc. for the amount of $8,000 at 20 percent interest per year. In December 2004, Advanced Credit made a demand …

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