Owe my boss money from personal loan?
I need to quit and leave my job ASAP. I owe my boss money, a couple grand. But there is no housing where I am, and my mom is sick..and I need to move 16 hours away.
We never made an contract with the loan. Its more a personal thing that I must pay back, because its the right thing to do clearly.
But what are my options? Could I just leave? Should I talk to him?
What could he do to me legally? The loans were written out to me as "bonuses". I am not asking because I want to be shady. I love my boss, and I want to do the right thing. I want to know my *** is covered though. Just in case, because my other boss is not as nice.
Answer:
If it is personal then talk to him about a payment plan. Set up payments and stick to them. It doesn't matter where you live or if you still work there.
Talk to your boss and set out a payment plan for repaying the money.
Do it because it's the right thing to do; karma.
You admit that this is a loan, so you must legally pay him back. As this is a loan, you clearly have a verbal contract regarding the fact that this is a loan. I would contact your boss and try to set up a plan to repay him.
Well indentured servitude has been abolished in the US (except apparently among illegal immigrant smugglers) so you can leave & go anywhere you want. If it is a loan you should arrange some sort of re-payment schedule. As the documentation apparently describes the payments as 'bonuses" which are generally not re-payable your former boss probably cannot enforce collection.
** Note: This is a general discussion of the subject matter of your question and not legal advice. Local laws or your particular situation may change the general rules. For a specific answer to your question you should consult legal counsel with whom you can discuss all the facts of your case. **
So, what are you asking, exactly?
I'm confused. You say you are going to pay him back...so what's the problem?
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