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What is the statute of limitations for a creditor to collect on an unsecured debt that you have reaffirmed and then defaulted on?
Wiki User
∙ 19y ago
SOL time limits are set by the individual states. However, when the debt was reaffirmed and payments were made the SOL 'clock' was restarted also. Anytime a payment is made, regardless of the amount, the SOL will begin from the date the last payment is made.
Wiki User
∙ 19y ago
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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.
If all unsecured non-priority claims are discharged can a creditor that was included in the discharge have a judgment lien on a property?
Following your supposition, if he had a lien then he wasn't an unsecured creditor, and if only unsecured were discharged, he wasn't.
Can the bank repossess a vehicle even if the payments are current?
Not IF you reaffirmed the loan with the creditor.
Can a creditor garnish your federal taxes to cover a defaulted credit card?
No.
Can a creditor sue for unsecured debt?
* An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by collateral is not secured by collateral therefore it is an unsecured debt. Generally, yes a creditor can sue for unsecured debt, the creditor just doesn't have any interest in the good that formed the basis of the loan.
How is a claim filed as an unsecured creditor to the US bankruptcy court case 07-23686-RG?
"How is a claim filed as an unsecured creditor to the US bankruptcy court case 07-23686-RG?"
Dfd on credit report?
Sounds like defaulted abbreviated by reporting creditor.
If a debt is not reaffirmed by a creditor is the debt discharged in a bankruptcy?
The creditor is the lender. The bankrupt is the debtor. The lender never has to re-affirm he wants to get paid back.
Can a lien for an unsecured loan be filed against a law suit?
A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
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.
Can a creditor levy your bank account after the statute of limitations have expired?
No
After bankrupty What is the time limit for creditor to collect assets?
Assuming a Chapter 7 in which a secured debt is not being reaffirmed, the debtor should act promptly to transfer the asset to the creditor.Other, non-exempt, assets are collected and sold by the trustee, not the creditors, and the trustee then takes his fee and distributes whatever may be left pro rata to the unsecured creditors.
