A writ of judgment is a court order giving the winning plaintiff the right to collect money owed according to state laws. Judgments can be used to obtain wage garnishment, bank account levy, liqudation of nonexempt property that belongs to the debtor or liens against real property. Most judgment liens can be (are) renewed until they are paid, which means they can stay on a credit report an indefinite period of time. Without knowing what type of judgment or state in which it was awarded it is not possible to say if there is a time frame in which it needs be executed.
Hello, Please search in google for State Statute of limitation. I could have answered that, if i knew which type of debt it is and which type of contract you have along with your state. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!
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'.
No they cannot, as long as you included them in your bankruptcy. They would be in violation of Federal Law, and liable to suit and possible penalty from the bankruptcy court. The bankruptcy attorney, or the trustee should be notified about any collections on a bankruptcy account.
No, not as long as they were included in the bankruptcy. You should give their information to your bankruptcy attorney, who will contact the debt collector. If that doesn't work, your attorney will certainly know what to do next.
it was that if the creditor had not tried to collect within 7 years it was expired
Moving has no affect on a debt. The creditor or his agent the collector may collect against a judgment for ten years from the date of judgment or the date of last payment, which ever is later.
There is no time limit on how long a creditor/collector can pursue collection action on a debt owed. There are, however, time limits (SOL) on when a collector can initiate a civil suit against the debtor. SOL's are determined by the laws of the debtors state of residence.
A debt collector can attempt to collect on a debt for as long as she wants. She cannot, however, bring legal action against you once the statute of limitations has expired. At this point, she may still attempt to contact you by phone and written correspondence, but that is legally the extent of the actions.
As long as they feel its worth it, i have come accross a collector from 6 years ago that i forgot about - they rarely forget. There are not time limits for when a creditor or collector can pursue debt collection procedures. In the U.S. all states have SOL's pertaining to how long a creditor has to file a lawsuit against the debtor to obtain a writ o judgment.
In KY, the debt statute of limitations (SOL) has provisions for signed contracts and non-signed ones. If you signed that you would pay, the SOL is 4 yrs. If you did not sign, it is 5 years. If they sue you and win a judgment, the SOL for collecting is 15 yrs.
Yes they can, just because the debt isn't reporting doesn't mean they won't stop their collection efforts. Send them a C&D letter, that way they can't communicate with you regarding the debt.
There is no limitation on how long a bill collector has to attempt to collect a debt. The statute of limitations on taking legal action is another matter. Even if your bill is old, and no longer shows on your credit report, a bill collector can still attempt to collect it from you. If it's over the statute of limitations, they would not be able to collect in court, but they are not prohibited from contacting you for payment. Refer to the Fair Debt Collection Practices Act (FDCPA) for more information on the Federal law governing collection activity.
In Ohio, the statute of limitations for debt collection lawsuits is six years for most types of debts. After this time period has passed, the debt collector cannot legally sue you to collect the debt.
Until the end of time. Each state has separate statute of limitations that govern how long you can be SUED by a debt collector/agency/attorney, however, that doesn't mean the debt isn't valid and still owed.
Hello, Please search in google for State Statute of limitation. I could have answered that, if i knew which type of debt it is and which type of contract you have. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!
hoe long do lenders have to collect on a judgement in fla.
Hello, Please search in google for State Statute of limitation. I could have answered that, if i knew which type of debt it is and which type of contract you have along with your state. You should get the answer, there are a lot of websites that have State Statute of limitation. Thanks!