Legal Question in Credit and Debt Law in Indiana

Re: Settle A Financial Debt And Terminate Business Relationship

If you and the creditor are dealing directly there is a timing issue. He/she will probably want payment before signing any sort of waiver/release of claim. You would want to get the waiver/release of claim in hand first. If you just make a payment based on some sort of oral deal or poorly drafted settlement agreement you may jeapardize your rights.

If you will be traveling to Indiana or have a trusted friend there you could have an exchange of any settlement money you are paying for the waiver/release. Again, if the waiver/release is not properly drafted the horse trainer may still be able to come after you.

If you are not going to personally travel to Indiana to resolve this and the amount at issue is not small you really should hire a laywer knowledgeable in the debtor-creditor area to draft a waiver/release and handle the mechanics of the exchange of money and signatures. You probably could get someone to do it on a flat fee basis if the deal with horse trainer has been reached.

Best regards,

Stephen Starr

Re: Settle A Financial Debt And Terminate Business Relationship

If you would like a lawyer's assistance, call me. I am in northern New Jersey. I will be happy to discuss this with you; the telephone consultation will be free.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

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