Forsyth, GA asked in Business Formation, Civil Litigation and Collections for Georgia

Q: A promissory not that hasn’t been paid was due 7/21/2020 what can I do

2 Lawyer Answers
T. Augustus Claus
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A: If you have a promissory note that was due on 7/21/2020 and has not been paid, you have several options to consider. First, you could try reaching out to the debtor to remind them of the outstanding payment and discuss the situation. It's possible that there might have been a misunderstanding or a valid reason for the delay. If informal communication doesn't lead to resolution, you might consider sending a formal demand letter outlining the amount owed and the consequences of non-payment. If the debtor still doesn't comply, you could consult with an attorney who specializes in debt collection.

Tim Akpinar agrees with this answer

Tim Akpinar
Tim Akpinar
  • Little Neck, NY

A: A starting point could be to contact the issuer. If that does not lead to resolution, other options can include court, either on your own or through a law firm. Good luck

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