Paying for items with a Promissory Note/Bill of Exchange

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 18, 2010 -- Paying for items with a Promissory Note/Bill of Exchange

So the topic of last week, can I pay for something with a Bill of Exchange/Promissory Note?

The answer is yes, however the following things you want to consider.

1) You will need to be become a secure party creditor, and I can't stress this enough, you need to complete the additional documents in which you become bonded and put various government agencies on notice. If you don't do the second part, you may run into hot water down the road.

2) Whose documents should you use? To be honest, there are numerous individuals who offer services and their documents. My advice in terms of choosing who to go with for these type of docs, its very simple, just go with the individuals who have already completed these documents before and have successfully discharged debt over a period of time without any reprecussions.

3) Thirdly, how you choose to discharge debt depends on the timing of your specific situation, the location where you are located, and whether you are seeking additional judicial remedies in addition to these administrative steps.



The following information is just opinion and not to be intended as legal advice. Please seek a local attorney in your area for the best advice on how to protect your assets
Posted by Edward J. Maggio Esq. at 7:35 AM 1 comments Labels: bills of exchange, debt solutions, promissory note, secure party creditor