The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
No. You are in debt as much as you still owe on the mortgage.
No anything discharged is gone.
Yes, the debt is still valid and collectible.
They still owe the money to the estate. The executor may offset their inheritance by that amount.
You father's death does not release you from your obligation. You now owe the money to the estate.
If the debt is in writing and you only have a verbal clearance of it, then I would suggest that the debt is still owed. The spouse might not have the authority to write off the debt. You need to get the spouse or the person owed to sign a document to the effect that the debt is no longer outstanding.
Of course. Your debt is now simply owned by the new bank.
A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.
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Your credit card debt will follow you but may not be recorded on United Sates credit reports. You will still owe the debt but there may be no record of it.
owe money