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Debtor’s check may settle but law may require more
A public service feature explains that a debtor can face a claim for additional money even after a check is cashed. If the creditor accepts a partial payment as full settlement without clear warning, the debtor may still be liable for the remaining balance under law. The piece cites guidance from the American Bar Association and the Texas State Bar.
MENTIONED IN THIS ARTICLE
Tihe
Sally
Halle
American Bar ‘Association
Texas