1153.004 – PERMISSIVE NOTICE TO UNSECURED CREDITOR
Texas Estates Code § 1153.004
Summary
This law allows a guardian of the estate to notify unsecured creditors that they must present their claims within 120 days of receiving the notice. If the claims are not presented within this timeframe, they may be barred, unless other statutes of limitation apply. This provision primarily affects unsecured creditors dealing with estates under guardianship.
Creditors have 120 days to present claims after receiving notice.
Claims not presented in time may be barred.
Notice must include specific address for claim submission.
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In simple terms: Learn about Texas's PERMISSIVE NOTICE TO UNSECURED CREDITOR law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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