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My lawyer will prepare a memorandum of agreement or stipulated agreement or acknowledgment of debt in certain cases... I have never seen him prepare a promissory note.
The longer the delay... the less chance of collecting.
Winning is usually the easy part... collecting is the real challenge.
Most I know that collect do it out of principal... they are relentless in their determination... even it means they expend a large amount of time for little return.
Mostly Prinicpal and the fact that I bent over backwards to help her(she was a Tornado victim from April 27) I guess, I've learned and expensive lesson.