Literally, until the death of the account holder and beyond. States do have statute of limitations that pertain to debts, but they only apply to lawsuits other legal remedies, such as arbitration.
You will have to pay the debt + interest on your return to the US assuming the debt collectors have not chased you down in India already.
How long before they take debt off of your report is 7 or 10 years.
As long as they are actively pursuing it, they can chase it until the debt is paid. There's no way to simply keep avoiding the debt, it won't just 'go away'.
until the company writes the debt off or the person owiing the debt dies
A significant part of the equation to evaluate risk of long-term debt is the reliability of the organization issuing that debt and the likelihood of paying back that debt. In most cases, investing in the US Government is a lower risk than investing in a corporation.
You will have to pay the debt + interest on your return to the US assuming the debt collectors have not chased you down in India already.
chased
Current maturities of long term debt means that portion of debt which is payable in current fiscal year.
I chased her until she caught me. The dawn chased the night away. The cat chased the bird to no avail.
The current portion of long-term debt is classified with the ____
NO. But the Current maturities of long-term debt is an operating liability.
The homophone for chased is "chaste", meaning pure.
How long before they take debt off of your report is 7 or 10 years.
Decrease in long term debt is cash out flow because long term debt decrease when cash payment is done and as cash goes out it is an outflow.
As long as they are actively pursuing it, they can chase it until the debt is paid. There's no way to simply keep avoiding the debt, it won't just 'go away'.
they get chased by the IRS and your pretty much screwed!lameo you can run, but you can't hide!! and then, you will go to jail. be responsible with your money!
until the company writes the debt off or the person owiing the debt dies