Where a person loans money to another person, that money is recoverable by way of an action in debt. Where there is a formal loan agreement, it may contain terms in respect of repayment and default, as well as provisions in respect of interest, security, demands, etc. However, where a loan of money is made to a cohabitant, in many cases, it will not be reduced to writing but rather will amount to an informal agreement that the money will be repaid at some date or event in the future, or on demand. Prior to issuing proceedings, it is important to seek to resolve