0
If a creditor doesn't file a claim and writes the debt off to bad debt what happens to the monthly payment you are required to pay the trustee when filing a chapter 13?
Wiki User
∙ 15y ago
Write off is an accounting entry done (required) by the lender to reflect on it's financials that the income/asset is unrealizable. It does not effect you or change your obligation to pay in any way.
The owner of a debt may hire anyone, or sell the rights to it to anyone, for any amount at any time. Again, it does not change your obligation to pay in any way.
I
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What happens in chapter 167 Skip Beat?
It's still ongoing. Most current Chapter is 166 you have to wait for monthly release.
Is it possible for a creditor to take your monthly salary after filing bankruptcy?
No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.
Is it true that if you pay a creditor whatever you can afford each month even if it's less than your monthly minimumm they won't be able to get a judgment on you?
If you contact and work with the creditor and the creditor agrees.
Can an account be sent to collections if you are making monthly payments?
Yes, an account can still be sent to collections even if you are making monthly payments. If the payments are not meeting the agreed terms or if the creditor believes the account is at risk of defaulting, they may send it to collections to recover the debt. It's important to communicate with your creditor and try to negotiate a manageable payment plan to avoid the account being sent to collections.
What happens during a monthly close and an annual close?
What happens during a monthly close and an annual close?
If the monthly statement is not received where do you send the payment?
If the monthly statement is not received, you still need to send in your payment. If you do not have the address, you need to call your creditor to see where the payment should be mailed to.
Is a monthly payment required on a margin account?
anonymously
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Yes, if you have agreed that the house will be used for collateral.
How long are medical accounts ordinarily carried before being referred to a collection agency?
That all depends on the original creditor and what their procedure is. Some hospitals hold on to them if you are making an acceptable monthly payment but they aren't required to. Most accounts come to our office after 3-6 months.
When does d gray man chapter 212 come out?
february the 4th. Its a monthly manga.
If creditor refuses a minimal monthly payment on credit card is debt still owed?
Yes it is. They just don't like the amount you have chosen.
