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Debt and Bankruptcy

Can a debt owed to a bank in another country be collected in the us?

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2008-05-11 14:10:17
2008-05-11 14:10:17

== == YES of course. Just because you moved doesn't wipe out your debts. They follow you wherever you go in the world.

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can an old 17 year debt be collected

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A bad debt can be collected on indefinitely. The debt is owed until it is paid or written off by the creditor or individual.

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Depends on which USA state where you live - Check Debt with Statute of Limitations; and http://www.bcsalliance.com/y_debt_sol.html

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yes the debt does not go away, the bank simply sold the debt to an outside collection agency.

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No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems

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Then the original country is in the debt of the other country.

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Subordinated debt is a debt that ranks lower than bank deposits. From this point of view subordinated debt can't be deposits

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60billion is the debt of philippines in the world bank.

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The average salary of a debt collector is 28,000 dollars. The percentage given as a commission varies from 3 to 5% of the debt being collected. In some companies, it is even a larger percentage.

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In most states it is 10 years and can be renewed for another 10.You need to check the SOL in your state.

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A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it. There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.

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In banking, inward clearing refers to a check received by a bank from another bank. Essentially, it is a transaction between two banks to pay fees, loans or other debt. It can also be for the purchase of equipment from one bank to another.

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Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.

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Debt is often a nasty four letter word for the people that are facing it. The causes of external debt can include war, rebuilding efforts, and any other reason that a country would need to borrow money from another country.

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Yes, in many states a bank can sell your overdraft debt to a collector if they never notified you about the debt and your address never changed.

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No, it does not. Bank of America is a bank in the business of making money, not helping you save your own. You best option would be to find a reputable debt relief company or an accountant.

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my suggestion is that is a situation where bank grant load or lend money to people, company even another bank knowing that they can not re-pay the debt thank you Eric

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No not to the closed banks, however the debt is an "asset" it does not "die" with the bank, it moves to another business (which may have purchased the assets of the bankrupt bank). The debts would have to be paid to the new owner of the debt.

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Yes. A joint bank account is an equal property of all the parties involved in the joint account. So if one of the parties who jointly hold an account owes a debt to the bank, the bank can lay claim to the cash he/she has in an account they jointly hold with another person.

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Yes - absolutely a debt can be passed from one debt collection agency to another.

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There are several companies that offer a business debt loan. Some of these include: The Working Bank, RBC Royal Bank, My Debt Solution, and Quarterspot

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William Penn when he collected the king's debt to his father.

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There are 3 types of debt a government can occur (Export Debt), (Import Debt) and (Social Debt). Export Debt (money owed to the government from another country that isn't paying) Import Debt (money owed to another country by the government) Social Debt: This is what I am assuming you are referring (the deficit). The deficit is money borrowed on "future" income from collectible taxes and fees from the governments citizens. They borrow against it (like a credit card). Its money owed to themselves. Its not a true debt in the conventional sense. However if left upaid then the government can't honour future benefits to its citizens and the country would collapse (like Greece and Spain).

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If you owe a debt to the bank and they take you to court in order to recover the debt then the court may issue a judgment against you in favour of the bank which entitles the bank to cease you vehicle and to sell it in order for your debt to be paid to them but if the courts award a judgment lien then the bank has the right to seize your vehicle and to retain it in their possession until you have cleared the debt to which owe them whereas upon the debt being paid in full your vehicle shall be returned to you.


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