From about 1989 to 2003 I was a contract computer programmer.
Rates were good & it was a comfortable living.
Sadly a couple of factors (foreign contractors, falling number of customers) led to more or less the end for the sort of contracting I did,
I was approached by a guy I had known from University who had a company in the US.
The deal was to design and make a pipeline inspection camera which he would then sell.
It took longer than I thought and I borrowed money from two of my friends who were still contracting.
There was no written agreement, it was just understood that I would pay them back as & when possible.
Sadly, my 'friend' in the US decided to stiff me by taking my design and making it himself. Of course, I had nothing written down and in any case the market moved on shortly thereafter and the design (as it was) became useless to him.
That was back in 2004 - 2005.
Neither of my friends has asked me for any money back until about a month ago when one of them contacted me to ask if he could put a charging order on my property for the debt ( about £30,000).
I'm not at all happy with the thought that he could sell my home out from under me for what is an unsecured debt.