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What is non payment of debt?
Non-payment of debt refers to the failure to repay an owed amount within the agreed-upon time frame. This can result in penalties, damage to credit scores, and legal action from the creditor to retrieve the owed funds. Persistent non-payment can lead to more severe consequences such as asset seizure or bankruptcy.
No person shall be imprisoned for debt or non-payment of a poll tax?
This statement refers to the prohibition of imprisoning individuals for failing to pay back debts or poll taxes. It ensures that people cannot be incarcerated solely due to financial reasons and protects individuals from being locked up for inability to pay such obligations.
Can debt collectors in Canada sue you in the US?
Debt collectors in Canada can sue individuals in the US for debts owed. However, they must follow the appropriate legal procedures in the US and comply with the laws governing cross-border debt collection. It is advisable to seek legal guidance if you are facing a lawsuit from a Canadian debt collector in the US.
What are the Concealed weapon laws in Georgia?
Look at www.packing.org and you can find concealed carry laws for every state. You can also find links as to where you can and cannot carry weapons. I know GA is a relatively easy place to get a concealed carry permit. Usually consists of a class, some shooting, defensive tactics, the laws, and associated costs to pay for the permit. There will probably be different laws concerning carrying a concealed wepaon and having a weapon in your vehicle. Look at Georgia State laws (google it) and research gun/weapon concealment Do your homework. It's www.georgiapacking.org
How does a collection agency go about filing a lawsuit against you?
If the agency is an asset buying agency, the debt is owed to them so they follow your county procedures for a suit...getting a case number, filling out and filing of the summons and complaint, service of the summons and complaint, affidavit of military service...see you in court. The save follows for non-owned debt except first they will validate the debt and get suit authorization from the original creditor.
Is Georgia a non recourse debt state for foreclosures?
Georgia is a recourse state. See Ga. Code Ann. § 44-14-161.
Is Massachusetts a non recourse debt state?
Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.
Is Minnesota a non recourse debt state?
yes
Is a car loan considered recourse or non-recourse debt?
I think is non recourse debt
Is Ohio a non-recourse state for mortgage debt?
no....... the lender can go after you for up till 2 yrs after they sell the property.
Is non recourse debt on the balance sheet of the borrower?
It should be.
Is California a non recourse debt state?
California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.
Which states are non-recourse states for mortgage debt?
Non-recourse states cannot pursue you for their financial losses. Alaska Arizona Arkansas California Colorado District of Columbia (Washington DC) Georgia [THIS IS INCORRECT. GEORGIA IS A RECOURSE STATE] Hawaii Idaho Mississippi Missouri Montana (if non-judicial foreclosure is used) Nevada - (lender can get a deficiency judgment) New Hampshire Oregon Tennessee Texas (lender can get a deficiency judgment) Virginia Washington West Virginia The following states allow non-judicial foreclosure: Georgia [Georgia allows non-judicial foreclosures] Michigan Minnesota North Carolina Rhode Island South Dakota Utah Wyoming
Is Florida a non recourse loan state.?
Florida happens to be a recourse state.
Is Nevada a non recourse state?
Yes, Utah is a non recourse state. Please view the related link below.
Is Alabama a non recourse state?
As of 12/20/2012 Oklahoma is a Recourse State.
Is Kansas a non recourse state?
Is Kansas a nonrecourse state? A non
