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What is the consequence to the debtor if you are an unnamed creditor in a Chapter 7 and should be?
Wiki User
∙ 18y ago
Any creditor not included in a bankruptcy discharge retains the right to continue attempting to collect a debt. That would include using legal remedy in the form of a lawsuit against the debtor.
Wiki User
∙ 18y ago
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Can an uncollected judgment by a creditor be written off when the debtor files Chapter 7?
Yes.
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What is a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
Can the debtor file for bankruptcy after a creditor is awarded a default judgment because the debtor did not make a court appearance?
Yes, most judgments can be discharged in a chapter 7 bankruptcy.
Is a lien by a creditor placed on the debtor or the debtor's attorney?
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
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.
How do you get an old creditor who was not listed on a chapter 13 bankruptcy to stop bothering you?
Send a letter of "cease and desist". This will not keep a creditor from filing lawsuit to recover the debt. It will only prevent them from contacting the debtor except to inform the debtor that a suit is being filed.
what's the opposite of a debtor?
Creditor is the opposite of a debtor
What is the opposite of debtor?
creditor
Discuss the rights of surety against the creditor and the principal debtor?
rights of surety against principal debtor and principal creditor
