Gift?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
The creditor is asking to be excluded from the bankruptcy. If that is granted the debt will be valid and the creditor can resume collection action.
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Means a judge's order you must pay a creditor. A creditor with a judgment can have your wages garnished to repay the debt.
no
Ask the creditor to send you written verification of the debt including all of their documents after incurring the debt. If the cancellation of the debt is not indicated in their documents, then dispute the debt by providing your written notification of cancellation of the debt to the creditor and if unsuccessful, then dispute the debt with the credit bureaus who will initiate an investigation with the creditor and the credit bureau will usually repond to you in 30 days. If no response from the creditor then it will usually be deleted from your credit report. If the collection harassment continues then ignore it realizing that probably no legal action will be taken against you or you can contact an attorney to contact the creditor. Either pay the debt or file bankruptcy.
It's uncertain to whom the question is being addressed but the answer given to the question is somewhat correct. The only time a valid debt becomes invalid is when the lender/creditor "forgives" the debt. It is likely that the 7 years referred to concerns the time a defaulted debt remains upon the debtor's credit report. A credit report is in no way related to whether or not a debt is still collectible. All U.S. states have SOL's relating to debts. SOL's determine the time limit which a creditor/lender has to file a civil suit against the debtor(s) for monies owed. However, the expiration of the SOL does not mean the debt is no longer valid and a creditor/collector can continue to pursue the matter by whatever means the laws of the debtor's state allows.
The term "written off" does not mean the debt has been cancelled/forgiven. The term indicates that the original creditor will no longer continue to collect the debt in the usual manner. The debtor will receive a notice from the original creditor of whatever further action will be taken with the account.
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
No they can not sue you.
Not if it is creditor debt, such as credit cards.
The creditor is the lender. The bankrupt is the debtor. The lender never has to re-affirm he wants to get paid back.