Connecticut Debtor Rights Lawyer Discusses Satisfying a Debt

Should I write “paid in full” on the check and will this protect me from further litigation?

Question:

I’m satisfying a debt in which litigation was threatened. I’m giving this individual,whom I don’t trust 100 percent,a check for the full amount of the debt.

Answer:

You would normally want the other party to sign a release that makes it clear that the payment is in full satisfaction of the debt and that they waive any and all further claims in connection with the debt. I recommend you hire a Connecticut Debtor Rights Lawyer to draft the release and protect yourself. The “Paid in full” does not indicate what debt is paid in full.

Are you looking to satisfy a debt in full? Contact dedicated Connecticut Debtor Rights Lawyer Eric Foster for guidance.

This legal question was provided by Avvo and answered by Eric Foster an experienced Connecticut Debtor Rights Lawyer. This does not consent an attorney client relationship.

About the author

Lindh Foster, LLC

Connecticut Business Lawyer & Debtors Rights Attorney, Eric Foster of Lindh Foster, LLC, has been practicing law for over 25 years in Connecticut, New York and Hong Kong, China. As a Connecticut Business Lawyer, Eric Foster’s legal practice currently centers around representing small businesses and entrepreneurs, in selecting their business structure, forming their businesses, and managing their business transactions. As a former attorney at the Federal Reserve Bank of New York where he focused on the regulation of banks’ lending activities, Attorney Foster is also a passionate consumer advocate and a member of the National Association of Consumer Advocates (NACA). As a Debtor Rights Attorney, Attorney Foster enjoys advocating for and representing consumer debtors in connection with credit card, student loan and other debts they allegedly owe creditors and debt collectors.

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