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Can a Promissory Note be discharged in a chapter 7 forever?
Walid560
With few exceptions, any asset and any debt can be either taken or discharged, entirely or partially as part of a BK.
Bu understand...you don't pick and chose what is included...ALL assets and all liabilities/debts are involved in the BK...essentially everything you have gets used to pay all you owe...and the rest may be discharged.
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∙ 15y ago
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Does a promissory note with a family member get discharged in a chapter 7?
Yes
Can an unsecured promissory note be discharged in California under Chapter 7 Bankruptcy?
Yes.
How long State of Hawaii promissory note is good for?
Question is unclear: If it is a note issued BY THE STATE - it is good forever.
Wording for promissory note?
wording for promissory note with collateral
Do you include a promissory note in a chapter 13?
Yes, a debtor is required to list all liabilities (i.e. debts)
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
How do you issue a promissory note?
A promissory note is a fancy legal name for a legally phrased I.O.U.
Amount of promissory note is called?
The amount written on the face of a promissory note is called face value or principal. The date on which the promissory note is written is called the issue date.
If you have a promissory note based on a business loan and you file bankruptcy on that business loan is the promissory note still valid?
Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.
How can you use the word promissory in a sentence?
She signed a promissory note as a commitment to repay the loan on time.
What is a sentence for promissory note?
I needed to sign a promissory note for my student loan money.The bank is legally owed money when you sign a promissory note.The promissory note was only one page long but used complicated language.
Is the amount of promissory note is called maturity value?
No, the amount of the promissory note is the face vale not maturity value. Maturity value is the value of the money on the promissory note after a period of time.
