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What else can I help you with?
After cancellation of debt can collections still continue?
no
Are you debt free if you have a mortgage?
No. You are in debt as much as you still owe on the mortgage.
Do I still owe unliquidated debt?
Yes.
What to do if a creditor still says that you owe them after a cancellation of debt?
Ask the creditor to send you written verification of the debt including all of their documents after incurring the debt. If the cancellation of the debt is not indicated in their documents, then dispute the debt by providing your written notification of cancellation of the debt to the creditor and if unsuccessful, then dispute the debt with the credit bureaus who will initiate an investigation with the creditor and the credit bureau will usually repond to you in 30 days. If no response from the creditor then it will usually be deleted from your credit report. If the collection harassment continues then ignore it realizing that probably no legal action will be taken against you or you can contact an attorney to contact the creditor. Either pay the debt or file bankruptcy.
Do you owe a debt that is no longer reported on a credit report?
Yes, the debt is still valid and collectible.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
Do I still owe a personal debt if my father dies?
You father's death does not release you from your obligation. You now owe the money to the estate.
How long does cancellation of debt stay on credit report?
Most of the time cancellation of debt will remain on your credit report for seven years. If the cancellation of debt is associated with a bankruptcy, it may take 10 years.
What has the author Robbie Mochrie written?
Robbie Mochrie has written: 'Economic and theological approaches to debt cancellation' -- subject(s): Debt cancellation, Moral and ethical aspects, Moral and ethical aspects of Debt cancellation
Is An individual who is not personally liable for a debt does not have ordinary income from the cancellation of the debt unless?
An individual who is not personally liable for a debt does not have ordinary income from the cancellation of the debt unless the cancellation occurs in a situation where the debt was secured by property that has declined in value or if the individual is in bankruptcy. Additionally, if the individual is solvent after the cancellation, they may need to report the cancellation as income. Exceptions also apply for certain types of student loan forgiveness and insolvency scenarios.
If you owe money and the spouse of that person said dont worry about it do still owe the money?
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.
What is debt cancellation?
Read a debt cancellation - Law Firm lawyers Directory article here---- http://www.helplinelaw.com/docs/stampduty/maharastra.php
