Whether you're borrowing money or providing a loan to someone else, a Promissory Note is usually the best way to establish a record of the transaction and make sure that repayment terms, for example, are clear and fair.
However, an “IOU†is generally regarded as only an acknowledgment of a debt, not a promise to pay the debt. However, this form is a written promise to pay a debt.
In a Nutshell It's important to respond to (or answer) the lawsuit. You do this by filing official paperwork with the court. Be sure to address every point in the complaint, raise any defenses you have, and file the paperwork within the time frame provided.
Massachusetts does not have a state-sponsored debt relief program. However, there are accredited organizations and programs available to help residents tackle their debt.
Massachusetts laws The statute of limitations for consumer-related debt is six years. This period applies to credit card debt and oral and written contracts.
Follow these three steps to respond to your debt lawsuit in Massachusetts Answer each issue of the Complaint. Assert affirmative defenses and counterclaims. File the Answer with the court and serve the plaintiff.
On a separate page or pages, write a short and plain statement of the answer to the allegations in the complaint. Number the paragraphs. The answer should correspond to each paragraph in the complaint, with paragraph 1 of the answer corresponding to paragraph 1 of the complaint, etc.
If I get served with a complaint, what do I do? Read the summons and the complaint or petition. It is important to read both the summons (or citation) and the complaint (or petition) very carefully. Write and file an answer. Serve the other party with a copy of the answer.
You would respond to the court with a general denial of all of the allegations regarding you owing the debt and the actual amount of the debt. What you do is copy the heading on the top of the complaint and then under that you title your document Answer.
When it comes to credit card debt relief, it's important to dispel a common misconception: There are no government-sponsored programs specifically designed to eliminate credit card debt. So, you should be wary of any offers claiming to represent such government initiatives, as they may be misleading or fraudulent.
In Massachusetts, children are usually not responsible for a parent's debt. Unfortunately, pushy debt collectors may try to make you feel otherwise. While the debts of a deceased love one don't disappear, they do become the responsibility of their estate.
Massachusetts does not have a state-sponsored debt relief program. However, there are accredited organizations and programs available to help residents tackle their debt.
