Promissory note forms are prepared to specify the terms used to lend and borrow money between two parties. The borrower signs a contract that makes the borrower liable to the lender for money borrowed.
Promissory notes should always be prepared between a borrower and a lender to avoid future misunderstandings concerning payment schedule, if there is any interest and to clearly state the money is a loan and not a gift.
It does not matter if either party is a friend, relative or co-worker.
Filing chapter 7 bankruptcy legal forms will result in most of your unsecured debt (mainly credit cards) being discharged while being allowed to keep a reasonable amount of property determined by the laws of your state. When you file for chapter 7 bankruptcy, you immediately stop all actions against you by creditors. The main purpose for filing chapter 7 bankruptcy forms is to discharge certain debts to give an honest individual a chance to start over.
Filing chapter 13 bankruptcy legal forms offers individuals with regular income a means to repay their debts over time, either in full or in part.