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An agreement beteen two creditors agreeing in advance how their competing interests in their common borrower will be dealt with.
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∙ 16y ago
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What is a creditor agreement?
A creditor agreement is a contract between two parties. The agreement outlines the term of payments based on purchases and other things such as mediation.
What are the effects of release by the guarantor without the consent of creditor?
The guarantor cannot be released without agreement of the creditor.
What is a stipulation in bankruptcy?
It's basically an agreement between the debtor and creditor on how the debtor is to pay the creditor that arises when debtor has filed bankruptcy.
What are my rights as a guaranteer?
Assuming that there is a written agreement showing that you agreed to serve as a guarantor on behalf of a creditor, the guarantor (or as you call it, a guaranteer) generally has the same rights and defenses against a creditor as the debtor would have. Often, the written agreement guaranteeing the creditor, will spell out what rights and defenses a guarantor may assert.
What is the statute of limitations in on medical bills in Kentucky?
Debt collection in Kentucky is long. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
When judgment entered against debtor is creditor held to any oral settlement agreement to pay off debt made between debtor and creditor?
Not unless it is in writing unfortunatly.
What type of support agreement is developed when two or more branches of the military are involved?
Inter-service
What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
Is it true that you are not accountable to a creditor for any outstanding balance after an involuntary auto repossession in the state of Arkansas?
Not unless it is so specified in the lending agreement. There is no state statute that prevents a creditor regardless of the nature of the debt from seeking recovery of monies still owed on a valid contractual agreement.
What is inter-reliability?
Inter-reliability refers to the consistency and agreement between multiple raters or observers when assessing the same phenomenon. It is used to determine the degree to which different individuals or systems produce similar results when measuring the same thing, helping to ensure the validity and reliability of data collected or interpretations made.
What are creditors holding secured claims?
If you signed a Security Agreement, then your creditor has a secured claim on the collateral specified in the agreement.
What can be done if you filed for chapter 7 and didn't list a specific creditor?
If the BK has not been discharged, you can ask to have it reopened and you filing amended to include the creditor. That will be expensive, though. If that isnot possible, then you owe the creditor the full amount of the debt, and should try to work out an agreement for repayment.
