No. In fact, if the debt is paid after a bankruptcy has been filed the entire bankruptcy can be considered invalid and all other debtors will be able to demand payment.
From what I researced, yes it is legal .
A personal promissory note ceases to be valid after the person has died. The law differs from state to state so it is best to check with the probate court or an estate attorney for details.
No, they did not file for bankruptcy.
The note is no longer valid because it is a personal promissory note. If you want to honor it, that is your decision.
18 months
yes
If you live in Texas and are looking at filing bankruptcy you will need to find a good lawyer first. You can ask your friends and family if they know or have heard of a bankruptcy lawyer you can check into. Looking in your local yellow pages is another way to find a bankruptcy lawyer. You can also contact your local bankruptcy court for a list of the local lawyers in your area.
yes in texas and south carolina
With the current recession there are several bankruptcy lawyers around. I would suggest trying Fort Worth Bankruptcy Lawyer | Bailey & Galyen(817) 263-3000.
The whole country has been operating in a state of bankruptcy since 1931. In fact this is the 4th Bankruptcy our union has faced.
If you're in Texas.... GOODLUCK!
Everyone who is a part of the bankruptcy action and anyone who is interested in finding out. Bankruptcy is a voluntary civil act and therefore will become a matter of public record, as well as being entered on the BK filer's credit report. Most states require the publication of the BK notice in the local newspaper. Any person or company considering offering you a loan or doing business with you.