Legal Question in Credit and Debt Law in Texas

Monthly payment default
I, the seller, and the buyer had signed a promissory note at the mediation office stating that the buyer was to pay me exactly $XXX.XX prior to or on the first day of each month for X months. Failure to pay the exact amount and/or before the due dates result in the buyer to pay everything up front. For the past few months, the buyer did not pay according to the agreement. I had sent several certified mail asking for prompt payments. But the buyer did not accept those mails. Just recently I've received a mail from the buyer stating that due to ill health they are unable to pay according to the agreement. What should I do?

Asked on 7/06/02, 10:03 pm

Kevin Michaels Law Offices of Kevin R. Michaels, P.C.

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Re: Monthly payment default

Yo can sue for breach of contract. Depending on the amount at issue, you may be able to sue in small claims court.

Answered on 7/08/02, 9:59 am

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