In most cases, YES
Until the Statute of Limitations tolls on the judgement.
Virginia Hamilton collected frogs and wrote books!!!!!!!!
It will be auctioned off and the bank will want to collect the difference of what it sold for and what your loan was.
I wish I knew
Yes. The original creditor more than likely put the item on first, then sold the account to a collection company who after unsuccessfully trying to collect the debt reported the item to the credit bureaus. So to you it was the same account or item but now the debt has transferred to a new company.
Robert a.sutton h.t.geyler
Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
The debt is NOT forgiven. See link below. ArizonaRevisedStatutes
If the account was secured by what ever was purchased, then it is likely to be repossessed, and regular collection procedures will begin to collect any remaining balance. If the account is unsecured, collections will begin against the guarantor or primary on the account. It is possible that the guarantor may be able to get all or part of the debt covered by any funds available from the cosigner's estate, but this would likely require the assistance of an estate attorney.
you hire journalists (like me) to collect information, or you become a journalist and find information.
I am NOT an attorney. However, I have not heard of your situation stopping the lender from GETTING a judgment. COLLECTING on that judgment is another deal in itself. I suggest you call a local attorney for state specific advice.
No you cannot.
requirements vary by state. call a local attorney for guidance.
Same thing that happens to the buyer. Lender persues their legal options to collect the balance due.
to collect and account for revenue
The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.
yes, though it will likely be placed on account for her for after release.
Yes, you can.
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
If you owe the money, and the lender goes thru all the channels to collect, then yes a bank account can be levied.