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View Full Version : Promisorry note


hekeller
Apr 9, 2007, 08:56 AM
A promissory note was written for an amount of money loaned in 1999. The debt has never been paid. What legal recourse do I have at this time, and what would the odds be of having the money re-paid?

WeAreLost
Apr 12, 2007, 10:05 AM
Check your states, statue of limitations

Fr_Chuck
Apr 12, 2007, 10:24 AM
If you have not passed the statue of limitation for collections, you can sue in court for a judgement

ballengerb1
Apr 12, 2007, 10:42 AM
Can you tell us a bit more about the note. What payment date/time was specified if any? SOL may not apply depending on the payment date language. Otherwise everyone could just sit for 7 years and never pay. Back to you.