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The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
What else can I help you with?
When a debtor and a creditor are in agreement about how much money is owed the debt is said to be?
When a debtor and a creditor are in agreement about how much money is owed, the debt is said to be "liquidated." This means that the amount is fixed and agreed upon, eliminating any uncertainty regarding the total owed. In contrast, if the amount is disputed or contingent on certain conditions, the debt would be classified as "unliquidated."
What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
Helmet writes a check to Elsa in an amount that represents half of the money he owes her On the back of the check Helmut includes the words payment in full This discharges the entire debt only if t?
if the debt is unliquidated
Do I still owe unliquidated debt?
Yes.
What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
Helmet writes a check to Elsa in an amount that represents half of the money he owes her On the back of the check Helmut includes the words payment in full This discharges the entire debt only if t?
if the debt is unliquidated
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
Difference between debt settlement and negotiation?
No difference, 2 different words for the same thing.
Difference between interest-bearing and non-interest-bearing debt?
Difference between interest-bearing and non-interest-bearing note.
What is the difference between debt service and debt repayment?
The main difference between the two is that when a account being. Debt services means they consolidate your debt and debt repayment means they are asking for repayment through money. You should go for debt services to get out of debt. The meaning of this is that the debt consolidator will get in touch with all your lenders, "pay off" the balances on your behalf and subsequent to this instead of two or more credits, you only be indebted to one lender!
If a stepfather dies is his stepson responsible for debt?
No. Though the law may differ in other countries, in the United States, debt dies with the debtor. The debtor's estate can be liquidated to raise capital for the debt, but no family member can be asked to repay any portion of the debt.
What best describes the difference between credit and debt?
Credit measures ability to buy, while debt means money owed.
What is the difference between debt and debit?
Debt is money that is owed to someone else, while debit is a transaction that reduces the balance in a bank account.
