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yes..... a doctor can collect a debt for more than 2 years
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∙ 12y ago
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Can a collection agency sue to collect an old debt?
If the debt has not been paid on in more than seven years than no. Otherwise yes.
Can debt collectors still collect if debt is more than seven years without contact?
Hello, Please search in google for State Statute of limitation. I could have answered that, if i knew which type of debt it is and which type of contract you have along with your state. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!
Can a creditor attempt to collect a debt after 7 years?
Yes they can, but more than likely depending on your states laws the debt is probably beyond SOL for legal recourse. I would check my states laws and see, if it is beyond SOL I would send them a Cease & Desist letter.
Can a secondary collection agency collect on a charge-off when the debt is over 3 years old and the original creditor has declared bankruptcy?
More than likely. Three years is not long enough for an SOL to expire. What probably happened was, the account was bought from the creditor, which is common practice. The BK of the original creditor, has no relevancy if the debt was sold.
Will an annulment affect Social Security?
If you were married more than ten years she can collect on your benefit. See related link.If you were married more than ten years she can collect on your benefit. See related link.If you were married more than ten years she can collect on your benefit. See related link.If you were married more than ten years she can collect on your benefit. See related link.
How long does a debetor have to collect before the debt becomes nul and void?
The time frame for debt collection, known as the statute of limitations, varies by jurisdiction and type of debt. Generally, it ranges from 3 to 10 years, but this can differ based on the laws of the specific location where the debt was incurred. After the statute of limitations expires, the debtor can no longer be sued for the debt, making it essentially null and void.
Can debt collectors still collect if debt is more than 5 years old?
That depends on the state in which the transaction took place and the type of debt. The statute of limitations (SOL) varies from state to state, and in many states it also differs with various types of debt, and whether or not there is a written contract. On average, the SOL is about 5 years, but it can be as short as two and as long as 20, so you'll need to check for the type of debt in the applicable state. The statute of limitations does not make the debt go away - but it does block the creditor from suing you, garnishing wages, or posting a negative on your credit report. They are still allowed to send letters and call you to attempt to collect - but they cannot threaten to sue or anything they are not legally allowed to do.
Can a debt be collected after 7 years?
Excellent question! The answer is YES! A debt can only be reported for seven years on your credit report, and then, by law, it must fall off your report. But this has nothing to do with the viability of the debt, which remains collectible, theoretically forever. However, once the debt passes the state statute of limitations, the collector may no longer sue to collect the debt. At this point, many collectors will write off the debt, and issue the debtor a 1099 form for the debt as income. Recent changes to the IRS tax laws make this more likely to occur. Once this happens, the debt is null and void, as it has been forgiven by the collector.
Can a credit debt be collected after 7 years?
Excellent question! The answer is YES! A debt can only be reported for seven years on your credit report, and then, by law, it must fall off your report. But this has nothing to do with the viability of the debt, which remains collectible, theoretically forever. However, once the debt passes the state statute of limitations, the collector may no longer sue to collect the debt. At this point, many collectors will write off the debt, and issue the debtor a 1099 form for the debt as income. Recent changes to the IRS tax laws make this more likely to occur. Once this happens, the debt is null and void, as it has been forgiven by the collector.
How long can you collect on a debt in Virginia?
open accounts - 3 years (from the date of last activity) Go to this website for more info: http://www.fair-debt-collection.com/statue-limitations.html Please read this link fully...and understand what it says. It explains the periods given are for the Statute of Limitations for types of debts....and the SOL is only for using the court system to get a judgment...one of the many ways to collect a debt. The debt in fact remains owed and collectable through any other mean for virtually forever. "Statute of Limitations (SoL) on debt is the legal time limit that bars enforcement of the debt through the court system".
In the state of Pennsylvania can a company come to a persons job to collect a debt?
Yes. But not more than three times. Then it's harrasment.
When is bad debt expense debited for uncollectible accounts?
when there is certainty that the amount is no longer recoverable, despite all efforts to collect it. Generally when a debtor become bankrupt or die. or the cost of pursuing the debtor to pay the debt is more then debt it self
