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Q: How long does a creditor have to make a claim against an estate in NY?
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In the State of Illinois how long does a bank have to make a claim against the estate of a deceased person with respect to a personal guarantee on a commercial loan?

According to the information at the link below- two years.


How long does it take before a creditor will freeze your bank accounts?

For the most part, creditors cannot do this; the creditor will have to obtain a judgement against you first giving them the right to do so. You'll be notified of the pending court case.


Is there a limit to how long a creditor can try to collect a debt in England?

it was that if the creditor had not tried to collect within 7 years it was expired


What might be the consequences for non-payment of credit card debt?

Credit cards are considered unsecured debt. Unsecured debt simply means that specific property has not been used as collateral to "secure" the debt. A creditor can use standard collection methods such as phone and mail contact, as long as they do not violate the FDCPA. The creditor also has the option of filing a lawsuit against the debtor. If a creditor wins a suit (and they always do) a judgment will be entered against the debtor. There are several ways a judgment can be enforced, the preferred method is through wage garnishment, followed by bank account levy. Other options are the seizure and sale of non exempt property belonging to the debtor or a lien against real property (in very rare instances a forced sale of a home can be done). In the majority of states jointly owned property is subject to creditor attachment. In other words, a bank account jointly held can generally be levied by a creditor judgment.


How long does it take to claim the sss salary loan check from company?

how long does it claim for salary loan sss

Related questions

How long do you have to bill the estate for services rendered when the testate was alive?

You need to check your state probate code to determine the time period in your state for filing a claim as a creditor.


How long after death can a creditor present an outstanding bill against an estate?

That period varies from state to state. You would need to check the provision of your state laws.


Can a trust with a taxpayer ID be levied by a judgment creditor?

Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.


Your brother and sister-in-law have been deceased for a ye ar how long can debtors try to collect?

Debtors MAY have a legitimate claim against the deceased persons. However they must file their claim against the ESTATE(s) of the deceased persons, not against any particular individual. Unless someone who is still alive co-signed a note or a loan, the creditors have no other claim on anyone, or anything, except the estate that the deceased left behind.


How long in Nevada does the beneficiary’s have to claim there money from the estate?

120 days


What happens when a married couple one living and one deceased and both names are on the house and the one goes in a nursing home?

Generally, and unfortunately, any long term care costs will be charged against the real estate. A claim will be made against the estate when the patient has died.


How long does a person have to file a claim against an estate?

You need to check the statutes in your jurisdiction since the time period for creditors to file a claim varies from jurisdiction to jurisdiction. The time period is generally six months or less.


How long does a creditor have to make a claim against an estate?

You need to check the laws in your particular jurisdiction. Laws vary.You need to check the laws in your particular jurisdiction. Laws vary.You need to check the laws in your particular jurisdiction. Laws vary.You need to check the laws in your particular jurisdiction. Laws vary.


In the State of Illinois how long does a bank have to make a claim against the estate of a deceased person with respect to a personal guarantee on a commercial loan?

According to the information at the link below- two years.


How long does one have to file a claim against an estate in Indiana?

my husband passed away 3 years ago and i kept paying the mortage only in his name now i have missed 2 payments and they are wanting to foreclose on it but when he passed they did not put any claim on his estate can i put a lein on property if they take it or is there any way i can keep it since no claim was filed by them would it be forever barred?


Is there a time limit to make a claim against the estate of a deceased person in Alabama?

Yes, there certainly is a limit. Typically the limitation is going to match that of normal debts. The laws may vary, but as long as the estate is open, a claim can be filed. Debtors also can make claims against the executor if they fail to do proper notification.


Life estate does your spouse have interest in it?

A life estate is based on a specific person's life. If they are not named in the life estate, they have no interest. They can claim the right to use the life estate as long as the individual is still living.