Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
yes
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
Accounts payable and Cash accounts
Purchases journal
Debit supplies inventoryCredit accounts payable
yes
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.
More than likely. Three years is not long enough for an SOL to expire. What probably happened was, the account was bought from the creditor, which is common practice. The BK of the original creditor, has no relevancy if the debt was sold.
Sure...it doesn't change the rights of the creditor...or your obligations as a dedtor...the buyer probably paid very little and is hoping your BK will pay the debt off at a higher amount. Basically, a creditor may sell his rights at any time....it is does not change your obligation under the loan at all. To clarify, it does not mean the new creditor can disregard the bankruptcy and any bar on collection activities that may be in force just because they just bought the debt. They only get the rights to what you would have paid the original creditor in the bankruptcy - they "step into the shoes" of the one they bought from.
No.
Yes. I foreclosed on a home and bought another one cash before being discharged from bankruptcy. I was told by the attorney that creditors can ask the courts and the court will confiscate your purchased product and sell for whatever amount and that amount will be given to the creditor(s).
you can play the downloaded content on another gamertag on the same console but if u put your harddrive in another xbox the original dowloaded gamertag must be signed in a to usse the content :)
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
a creditor cant take your auto, unless it the car lot you bought it from.this is an old trick used by creditor,for years.if your that worried about it put it in someone you trust name,
The creditor would have problems enforcing a lien if the debt was included in the bankruptcy. If they were paid off, investigate further. If they were not included, then the lien may be valid.
You can't.
Brought means to bring something Bought means to buy something