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  1. #1
    Join Date
    Nov 2009
    Posts
    1

    Default Promissory Notes Due Us Soon and the Owner Died

    My question involves estate proceedings in the state of: Alabama
    We have 3 promissory notes in differing values on an investment opportunity which also includes the Interest/Return on investment. They were all notarized. One is due to be repaid on or before 12/08/09, another on or before 02/03/10 and the last on or before 02/17/10. We just discovered that the sole owner of the marketing company died recently in a fire. The notes state that in the event that these notes aren't paid in a timely manner, she agreed to pay all attorney and collection fees. Since she died, where do we go from here? Should we get a lawyer now? Do we wait and see if we get something from the estate or her lawyer, if she had one? What are our options at this point?

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Promissory Notes Due Us Soon and the Owner Died

    file a claim against the estate as a creditor in the probate action.

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