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.
Although Philadelphiais not the highest, it still stands as an above-average debt load, especially when compared to cities with the highest credit ratings.
We strictly adhere to all federal, state and local laws mandated for the collection of debts. RCB's expert staff uses a customizable workflow built on proprietary software to earn millions of dollars in settlements on our clients' delinquent accounts.
Debt collectors may send you notices or letters, but the envelopes cannot contain information about your debt or any information that is intended to embarrass you. You may ask a debt collector to contact you only by mail, or through your attorney, or set other limitations.
Financial activities account for the largest sector of the metro economy, and it is one of the largest health education and research centers in the United States. The city is also home to the Philadelphia Stock Exchange, owned by Nasdaq.
PHILADELPHIA, PA (June 13, 2024) – Philadelphia City Council members overwhelmingly approved a $6.37 Billion Fiscal Year 2025 (FY'25) Operating Budget and $5.46 FY '25 Capital Budget for the new fiscal year which starts on July 1.
The Constitution limits the amount of the City's outstanding general obligation debt to 13.5% of the immediately preceding 10-year average of assessed value of taxable real property, with debt greater than 3% of the immediately preceding 10-year average of assessed value of taxable real property subject to voter ...
Here's a step-by-step guide that outlines the actions a business should take before moving forward with a collection agency. Contact the Debtor. Send a Demand Letter. Consider Negotiation. Hire a Collection Agency. Provide Documentation. Monitor Progress. Consider Legal Action.
Steps to File a Valid Pennsylvania Mechanics Lien Send Preliminary Notice Within 30 Days. Send Pre-Lien Notice at Least 30 Days Before Filing. File Your Lien Claim at Prothonotary's Office. Serve Notice of Filing on the Owner. Start Suit to Enforce Lien Within Two Years. File a Lien Bond to Remove the Lien.
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.
