Legal Question in Credit and Debt Law in Colorado

Debtor tries to pay loan using post dated checks from Las Vegas.

I loaned money to a friend and I hold an unsecured promissory note. The loan is two months past due. The debtor wants to pay with post dated checks drawn on a Las Vegas NV account. When can I deposit those checks here in Colorado? Does Las Vegas have different banking laws than other states? I am sure there are no funds in the LV account. How do I collect on this loan?


Asked on 10/18/06, 5:50 pm

1 Answer from Attorneys
Kenneth Caldwell

Re: Debtor tries to pay loan using post dated checks from Las Vegas.

Depending on the amount and terms of the promissory note, you might be better off having the debtor sign another promissory note. I would have to review the documents to properly advise.

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Answered on 10/18/06, 6:37 pm


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