Parents threatening court

[Rich6839]

I borrowed a sum of money from my parents a number of years ago. I have been making regular payments to pay it off up to 8 mths ago, when the economic downturn meant I had to prioritise payments and that wasn't one of them.
I don't have a written agreement with my parents for paying it back and now they have sent me a letter demanding it is payed by Sept and threatening legal action. I intend to pay it off, just not to their demands.
What options do I have?

[atticus]

Would you like your relationship with your parents to be repairable? If so, talk to them!

NB loans are repayable on demand in the absence of other terms.

[PallasAthena]

When, 8 months ago, you couldn't pay the money any longer did you get together with your parents and explain your financial situation and agree with them a new payment plan? Or did you just stop paying?

Sitting down and discussing it with them and agreeing what and when you can repay it is your best option. No-one will be a winner if you let it go to court.

How much money do you still owe them (approximately, not the exact amount)?

[Rich6839]

I owe approx £2000. The relationship broke down 2 yrs ago and there's a lot of water under the bridge for reconciliation

[atticus]

But never too much water.