answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: When does a cause of action for nonpayment of a debt arise?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the debt with warrants?

There is no warrant for nonpayment of a dept. People do not go to jail for nonpayment of dept any more.


How long would you have to wait to sue a person who has filed for bankruptcy?

If the debtor included your debt/cause of action in his BK petition, then the answer is that you can NEVER sue because said debt/cause of action was discharged in the BK.


What problems might arise in country that has a huge national debt?

Bobo192 is a joke


How long before credit card company sues for nonpayment?

Generally, it will sue (or sell the debt to someone who will sue) within the statute of limitations for suing on a credit card debt in your state. This is often 5 years, but it can be less or more.


Which of this statements describes a lien?

A statement that describes a lien is that it is a claim put on someone's property (i.e.: a vehicle, real estate, construction) in order to secure the payment of a debt. A lien can also be ordered by a judge for nonpayment of a debt. This lien will affect any property owned by the debtor if the debt is not paid.


What cause debt?

The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.


Agency problems arise in sole proprietorship or partnership?

DO NOT ARISE TO PROPRIATORSHIP OR PARTNESHIP BECAUSE BOTH OF ARE OWNER OF THE ORGANIZATION THEY HAVE RESPONSIBLE FOR ANY DEBT, THERE IS NO CONFLICT BETWEEN THE MANAGEMENT AND THE OWNER.


How did the Roosevelt corollary impact the US?

took action when Latin America had debt problems


What letter is a verb of debt?

A verb is an action word. A letter that when you say it, means of debt is the letter O. If you are in debt, you owe somebody something.


What will happen to home mortgages if there is debt deflation?

There are many possible situations that may arise from an increase in debt deflation. One possible outcome to a home mortgage would be a fluctuation of one's rate.


What causes oxygen debt?

The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.


Can debt collectors collect on a debt after it has be charged off?

Yes, A charge off simply indicates that the debt has been written off the creditor's account as uncollectible. The debt can then be sold to a collection agency for pennies on the dollar. The 'buyer" of the debt will then pursue collection action by whatever means is allowed by the laws of the state where the debtor resides. Such action would be phone calls, letters and in many instances a civil suit for the debt owed.