Ask Experts Questions for FREE Help !
Ask
    jaw's Avatar
    jaw Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 2, 2005, 06:28 PM
    Promisory Note
    I have a promisory note from an individual who just declared bankruptcy. A letter was sent to me from a law firm and I was listed in it along with various other victims. What are my options if any? How can I make the best out of this with my tax return? Anything else?
    mr.yet's Avatar
    mr.yet Posts: 1,725, Reputation: 176
    Ultra Member
     
    #2

    Dec 1, 2005, 07:53 AM
    Record the note with court
    Record the note with the court so that you are on the list of persons who will receive payment from the assets.

    Not legal advice, just my 2 cents.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Too much to expect a thank you note? [ 11 Answers ]

Twice in one year I have mailed a money order for $50.00 together with a wedding card and a personal note. One wedding was a year ago; the other was back in May. At the first wedding, the groom came up to me and said thanks for the money; the second wedding I didn't attend. Hmmm, maybe in...

Note enough cool air for whole house [ 3 Answers ]

I live in a fairly large south Florida apartment. In the summer it is hot (over 90 every day). The problem I am having is that all the cool air from the small ac unit is going into the bedrooms and not the liviing room and kitchen, which is one big area. This is causing the thermostat to read...

Note Receivable [ 4 Answers ]

Accepted a 90-day $1,000 note receivable from a company for services performed. How do I journalize this transacation? Note Receivables DR $1,000 and CR to which account? Thanks, Dell

Promissory Note [ 3 Answers ]

I lent money to a so-called "friend" of mine where I had him sign a Promissory note. The promissory note explained the terms for re-payment. It also clearly stated the consequences in case of default. I also had a security agreement with his home and the contents being the collateral. I have...


View more questions Search