A Record Collection/Moral Conundrum - What Would You Do?



Folks,


I’ve been rolling around an issue and I’m simply curious what others would do in my place.


Here’s the situation:


I had an long time great friend and audiophile buddy who I’ll call "John." Around 2009 or so John wanted to open a restaurant. I lent him some money. You already know how this story goes and why we aren’t friends anymore.


But to add some detail, he asked for a heap of money because he was in a fix - said he was expecting a bunch of money (from the government as I remember - showed me some papers about it) but it was going to show up a bit too late, so could I lend him the money just for about a month then he’d pay me back. I explained I was just starting a renovation of a room in my house turning it in to my long-dreamed of home theater, which I’d saved for, and that it would come out of my own savings for that project. I was very hesitant, he begged, promised it was only for a few weeks. I said I could lend him 1/2 of what he was asking (otherwise I couldn’t even pay for the contractors coming).


One of those situations where long time, very good friend who I knew was a good person, who was only ever honest with me, needed help. So I stepped in. That’s always how it goes, right? Yes, I learned the hard lesson about lending money.



Needless to say the money didn’t show up the next month. Or the next. Or the next. Whenever I asked it was another story on how the restaurant was sucking every spare dollar, he’d pay me as soon as he could. Of course the restaurant quickly went under. I was like "I need that money, I have contractors to pay" and he just said he didn’t have any to give. Next he told me he was selling his house, downsizing, and he’d use the funds to pay off his debts including to me. Ok. What else was I going to do?


He asked if he could store his much beloved record collection at my place while he sold his house. Ok. Several boxes full of nice records took up (some valuable) real estate in my basement.


Basically I never heard from him again. Heard he sold his house, but that was it. Other friends have been in occasional contact. I’d been hoping that with his records here maybe he’d show up one day. Of course not.


So...now...11 years later!...I need some money. And I’m cleaning out the basement, wanting those records out of there.


I could sell the records and at least make some money.


The question for the audience is: Do you do it?


The case for selling them seems relatively obvious. He stiffed me for many thousands of dollars that he never paid back. Had me store the records forever while he went AWOL. Clearly has zero intention of ever picking them up.Every arrow points towards "They Are Mine Now."


Except...I have a conscience. He never formally gave them to me.


So, would you try to track "John" down to ask if he wants his records back (and explain otherwise I’m going to sell them)?


Or would you just go ahead, assume ownership (and payback) and sell them?


Floor is yours.



prof
If you managed to get a receipt for the IOU that he *signed*, you’re in the clear on ownership of the records. If NOT, he can come back and burn you in small claims court—again. After 11-12 years, he could DENY you ever loaned him money. 
You lose! Again!
Here's what I would do. Stare neurotically at my navel, ask a random bunch of even more neurotic navel gazers what should I do I am so conflicted, etc etc, circle back to gazing impotently at my navel, lather rinse repeat until another 11 years goes by, try and remember wtf was the question, then start another discussion what is the most neurotic way to figure out how to sell them? Where should I list them? For how much? One at a time or in batches? Ha. Just kidding. I would never ask anyone here what to do, about anything! Why? SCROLL UP AND READ!🤣🤣🤣https://www.youtube.com/watch?v=8jOwmWJV0q8
I just hope that when you lent him the money, your financial situation was such that you could afford it. Otherwise, I wouldn't have given him "thousands of dollars." As for the records, yes, they're now yours given the time lapse and the fact that he stiffed you. Clear your conscience of any moral qualms you might have, and do with them as you wish. Apparently, your ex-friend had no moral qualms about not paying you back. 
If anything was ever said you could always say you sold them within the 1st year. Statute of limitations.
I've learned my lesson with a similar situation. If you loan money to a friend, be prepared to either lose your friend or lose your money. The only thing that worries me is suppose he calls you next week and wants to pay you back and get his records? That would be a difficult conversation. I would (at least) try to get in touch with him once, then do what you want. If he ever contacts you, you can always say you attempted to contact him.