It's been over 2 months and no word from Ukyo.

He has stopped responding to my messages. I'm sure he is very busy, but he must realize we are not content to sit around indefinitely with zero information as to what is going on.

Ukyo definitely has assets. The only way he can get out of this loan is if he declares personal bankruptcy, as he stated in the agreement. I don't why he wouldn't be trying to settle up with his creditors in the meantime. It would certainly better than letting lawyers take everything that is left.

Right now it looks like I can continue to sit around and get nothing, or I can get a lawyer and at least have some chance of getting some portion of my investment back. Every day that that ukyo stays missing, makes the decision easier and easier. He isn't even pretending anymore.