Whether you're borrowing money or providing a loan to someone else, a Promissory Note is usually the best way to establish a record of the transaction and make sure that repayment terms, for example, are clear and fair.
However, an “IOU†is generally regarded as only an acknowledgment of a debt, not a promise to pay the debt. However, this form is a written promise to pay a debt.
- In order to defend yourself in the lawsuit, you must file a written response to the Complaint. This response is called an “Answer” and must be filed within 20 days from the date you received the lawsuit - If you do not file an Answer within 20 days, a default judgment may be found against you.
(a) General rule. --A spouse is not liable for the debts of the other spouse contracted before marriage. (b) Liability of property unaffected.
Pennsylvania judgments are valid for 5 years. Judgments can be revived every 5 years and should be revived if a creditor is attempting to actively collect on the debt. Judgments also act as a lien against real property for up to 20 years or longer if properly revived.
The phrase in question is: “Please cease and desist all calls and contact with me, immediately.” These 11 words, when used correctly, can provide significant protection against aggressive debt collection practices.
CURRENT LAW in PENNSYLVANIA Criminal statute of limitations for adults is capped at 12 years after the offense was committed. Civil statute of limitations for adults is capped at 2 years after the offense was committed.
When it comes to credit card debt relief, it's important to dispel a common misconception: There are no government-sponsored programs specifically designed to eliminate credit card debt. So, you should be wary of any offers claiming to represent such government initiatives, as they may be misleading or fraudulent.
(a) General rule. --A spouse is not liable for the debts of the other spouse contracted before marriage. (b) Liability of property unaffected.
Does the state of Pennsylvania have a debt relief program? While there's no official government debt relief program in Pennsylvania, there are accredited organizations and programs available to help residents tackle their debt.
Accredited Debt Relief is a legitimate debt settlement company founded in 2011. It's accredited by the Better Business Bureau (BBB) with an A+ rating and holds an accreditation from the American Association for Debt Resolution (AADR).
Generally, there is no wage garnishment in Pennsylvania for most debts icluding credit cards, private loans, mortgage deficiencies, etc.
