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How do you report a bad debt owed to you to be placed on that person?
Wiki User
∙ 12y ago
Small Claims tribunal
Wiki User
∙ 12y ago
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What happens to a lien placed on a property and that person who is owed the money dies?
The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.
Can a lien be placed on a racehorse for a debt owed?
no
What happens when a person dies and is owed money by a relative?
If the debt is evidenced in writing it is the obligation of the executor to collect the debt owed to the estate.
What is a designation that indicates a person has not paid a debt that was owed?
default
Why pay a debt that is no longer showing on your credit report?
Morals and ethics. To not pay it is theft. You incurred the debt, by purchasing something or availing of a service. You owe the money to the person who supplied that something or service. Would you write off a debt someone owed you?
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
What happens when a person dies and is owed money by a friend. Is the debt written off?
The debt moves to his closest family member.
Does owner of quit deed pay mortgage if mortgagee dies?
Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.
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 the legal process to collect a medical debt in Florida?
The person or business that is owed the debt must file suit in the appropriate state court in the county where the person who alledgedly owes the debt resides.
What type of debt does the US have and who is it owed to?
The majority of US debt is actually owed to US citizens.
Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
