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What is the difference between a liquidated debt and an unliquidated debt?
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.
Are you debt free if you have a mortgage?
No. You are in debt as much as you still owe on the mortgage.
Do you still owe if you get a cancellation of debt?
No anything discharged is gone.
Do you owe a debt that is no longer reported on a credit report?
Yes, the debt is still valid and collectible.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
Do I still owe a personal debt if my father dies?
You father's death does not release you from your obligation. You now owe the money to the estate.
If you owe money and the spouse of that person said dont worry about it do still owe the money?
If the debt is in writing and you only have a verbal clearance of it, then I would suggest that the debt is still owed. The spouse might not have the authority to write off the debt. You need to get the spouse or the person owed to sign a document to the effect that the debt is no longer outstanding.
Do you still owe money to banks if they get bought out?
Of course. Your debt is now simply owned by the new bank.
What information can you gather from a debt collector?
A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.
If you are leaving dubai will your credit card debt follow you?
Your credit card debt will follow you but may not be recorded on United Sates credit reports. You will still owe the debt but there may be no record of it.
How do you find out who you owe or what you owe?
Type your answer here... debt collection
What is a debt?
owe money
