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.
What is a Contingent Debt?
Posted on December 28, 2009 Written by
About Jill MichauxJill 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.
