Recent Answers to Debt Law Questions
if a borrower is unabIe to pay totaIIy , what wiII be next step
Debt
Demand Letter For Payment
New York
i Iend someone my money and he is faiIng to pay back
Daniel R.
I would start with a demand letter and see if you can work out a confession of judgment and a payment plan with debtor
Can you do a promissory note for my tenant?
Debt
Promissory Note
Illinois
my tenant owes me $10,400 back rent, she promises to pay me back.
T. Phillip B.
Yes, you could create a promissory note and terms in that note for repayment of back rent. That would create an obligation for her that if she defaults, you'd file as a breach of contract rather than an eviction at that point.
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