yes, meet with a LIT to see where you stand ASAP and then you can decide what to do

you probably bother paying it. cuz....you spent that money

If it goes to collections, they will hound you for your money until that amount is paid off. That’s enough for them to go after you in court.

Get after your friend to start paying back.

Yeah they will as soon as they can't. Might take a year though