Collection of Promissory Notes
We represent banks, persons and business who are owed money and who have commercial or business customers or debtors that signed a promissory note but who have failed to make payment. Iowa, Illinois and federal law have different requirements depending on whether the loan was for business purposes or consumer - individual purposes.
Some Notes are secured (pledged with collateral, such as real estate, or equipment, machinery, accounts, contracts and other property). Care must be taken so remedies are effected efficiently and with out the jeopardy of election of remedies,.