Promissory Note Help Guides

What to Know Before Buying a Business
Going into business for yourself is a decision that can change your life, so making sure that each step taken along the way is properly planned out is vital to achieving success. While many people envision taking an idea and building a......
How Does Bankruptcy Affect a Promissory Note?
Promissory Notes Are Legally Binding A promissory note or promissory letter is a legally binding document that obligates an individual or organization to pay another individual or organization a certain amount of money in a certain amount of......
What Are Bankruptcy Exemptions?
In difficult economic times, it is not uncommon for people to experience financial problems that can lead to serious credit issues. Prior to today's credit-driven society, people used to rely on credit to acquire items that were beyond their......
Finding Funding for Your Business Startup
Starting a small business is one of the most challenging individual endeavors a person can undertake. It is basically putting yourself and your future on the line and gambling that you and your business idea are valuable enough to provide you......
Is a Promissory Note Legally Binding?
Promissory Notes Are Legal Contracts A promissory note or promissory letter is a legal instrument similar in nature to any common law contract. In order for a contract to be enforceable, it must contain certain legal conditions such as an......
How to Enforce a Promissory Note
What Is a Promissory Note? A promissory note or promissory letter is a legal instrument that details a contractual agreement between two parties. When the parties are in agreement and sign the promissory note, it becomes a legally binding......
Forming a Home-Based Business
Why Start a Home-Based Business? There are many different reasons to start a home-based business, but one of the most common is the sense of freedom that people achieve by working for themselves unsupervised in a comfortable environment. A......
Using a Promissory Note to Purchase a Home
Promissory Notes and Bank Loans The promissory note or promissory letter is a binding legal instrument that acts as a borrower's promise to repay a private loan to a lender. Many individuals have the perception that a promissory note is......
How to Document a Personal Loan
Borrowing money from a friend or loaning money to a family member can be a somewhat uncomfortable event should things not go as planned. Because of this, asking to borrow money from or loaning money to someone who is a close friend or relative......
The Value of a Promissory Note
What Is a Promissory Note? A promissory note or promissory letter is a written and signed agreement between two parties to repay a definite sum of money by a specific time. The terms of a legal promissory note include the amount to be......