Will you be charge with stafe when you issued promissory note and you will not be able to comply it.?

Answer 1

i'm not sure what you mean when you say that you "issued" it. if you "took" it, meaning that for example, you borrowed money and signed a note that you would repay it by a certain time with so much interest, etc., and you do not pay, you are at risk to be sued. it would not be a criminal complaint, it would be a civil lawsuit. any creditor, even one with your promissory note, can file a lawsuit against you to pay him back per the note and win. if he wins, it is possible then for him to place a judgment against you and/or to garnish your wages. you don't want a judgment. if you have one on your credit report and then you forget about it, then go to buy a car on a note, or a house, you will not be allowed to complete the purchase until you show them that you have paid off the judgment. then, when you do pay it, you must get the note giver to file a release of judgment with the court, giving you a certified copy of that. then you can keep it to show to the credit reporting agencies. try not to get any judgment put against you. it is not a good idea, and too, it simply is not honorable for you not to live up to the obligations you made. (you might try talking to the maker so that you could reduce your payments, but get that in writing if you do).