Can an IOU be legal even if the borrower doesn't receive money from the lender? Does the borrower still have to pay the lender?

Your question is whether a borrower would owe money to a lender who didn't lend them money, but with whom the borrower has a signed promissory note...

Chapter 7 and recent credit card balance transer with "convienence check"..

Your question is whether you should use the proceeds of a "Convenience Check" from one card issuer - currently in your bank account - to pay down...

If you are contemplating bankruptcy how long before the bankruptcy can you legally liquidate assets, for instance sell a vehicle

Your question is how long before a bankruptcy filing can you trade in or sell a vehicle. Short Answer: There is no time limit but the closer to...

Your question is whether retirement funds can be garnished by creditors. In Illinois certain assets cannot be taken away even after a judgment has...

I bought a business in Illinois. How long am I liable for actions prior to my ownership?

Your question deals with how long your company remains liable for the actions of its prior owners. To begin with, for all intents and purposes this...

Can I file a Chapter 7 again if my 13 doesn't get discharged if I previously filed a 7 in 2004?

Your question is whether you can file Chapter 7 when your last Chapter 7 discharge was in 2004. The answer is most likely "yes" - if you want until...

I have a personal loan with someone who is getting ready to file bk 7. Is there any way i can stop her from adding me to her bk?

Your question is whether you can stop a debtor from filing a Chapter 7 case that would result in the discharge of their obligation to you. The...

I entered into a non-disclosue confidentiality agreement to purchse a exsisting franchise.

Your question is whether you are in violation of a non-compete/non-disclosure agreement when you looked at confidential financials for a business...

My name not listed on husbands corporation

Your question conerns rights a corporation in which your husband is the majority shareholder. You would in fact be entitled to a share of the value...

Hello, Credit cards abt 70,000.00, Equity loan abt 78,000.00, 2 vehs-payed for, husband/pen- sion/health probs & More, 11 or 13

Your situation sounds very much like a typical Chapter 7 (liquidation) case in that it appears as if you and your family cannot make ends meet...