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Florida Promissory note I was given, is it legit? Please…

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Florida Promissory note I was...
Florida Promissory note I was given, is it legit ? Please advise as I need to know if this note can not be revolked or the person can get out of it through bankruptcy . Thank you for your time,
S
Submitted: 3 months ago.Category: FL Real Estate
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Answered in 22 minutes by:
12/28/2017
Lawyer: Ray, Lawyer replied 3 months ago
Ray
Ray, Lawyer
Category: FL Real Estate
Satisfied Customers: 46,425
Experience: 30 years in civil, probate, real estate, elder law
Verified

Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.

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Lawyer: Ray, Lawyer replied 3 months ago

The note here is legitimate but they could file Chapter 7 and discharge the debt.Nothing in the note or the law prohibit them from filing Chapter 7.You would become a creditor under the bankruptcy here.It is unlikely you get paid pennies if anything if they file such a Chapter 7.If they don't file here you are able to sue in the event of default.

I appreciate the chance to help you today.Thanks again.

If you can positive rate 5 stars it is much appreciated.

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Customer reply replied 3 months ago
Where would I go to see if this person as filed for bankruptcy in Florida ?
Lawyer: Ray, Lawyer replied 3 months ago

Search here

https://www.pacer.gov/findcase.html

And they have to provide notices to all creditors here too.

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Lawyer: Ray, Lawyer replied 3 months ago

Thanks again and thanks for rating 5 stars.Happy New Year too.

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Ray
Ray, Lawyer
Category: FL Real Estate
Satisfied Customers: 46,425
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Experience: 30 years in civil, probate, real estate, elder law

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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