What is a Contingent Debt?

Contingent: Used to describe debts that are not fixed in right at the time, but are dependent on some other event happening to fix the liability.

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney with Neis Michaux Law Office. She and her partner, Mark Neis, are Topeka's only consumer bankruptcy law specialists. They are board certified by the American Board of Certification.