Attorney, Bankruptcy Service. To use our Western Washington State Attorney Service to have an attorney complete all the documents necessary for a Chapter 7 Bankruptcy, please see: Western Washington Bankruptcy - Chapter 7.
A Promissory Note is just as it sounds - a document (a note) stating that one party promises (promissory) to pay another party back for monies he or she is going to borrow. It is a written promise to pay a certain amount of money over a specified period of time in the future. If the obligation is not put in writing, it may be very difficult to enforce the payment terms later. Also, a promissory note differs from an IOU in that the first one is a promise to pay and the second is simply an acknowledgment of the debt. Protect yourself! Get it in writing!
This kit contains the forms you need to create a complete and detailed, but easy-to-understand, Promissory Note. The note covers the following issues: