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What happens when a charged off account is bought out by an attorney and taken to court?
The debtor is served a civil summons to appear the lawsuit hearing. If the debtor does not appear he or she loses the case by default and a judgment is entered in favor of the plaintiff 9creditor). If the debtor does appear and loses the case which is the normal scenario, a judgment is still entered in favor of the creditor. The creditor can then use the judgment to garnish wages or take action against other real and/or personal propety belonging to the debtor.
What else can I help you with?
Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
If your bank charged off your bank account and was bought out by another company do you still have to pay?
yes the debt does not go away, the bank simply sold the debt to an outside collection agency.
What happens if the negatively charged rod is bought close to another negatively charged rod?
If two negatively charged rods are brought close to each other, they will repel each other due to the like charges. The negative charges on the rods will create a force that pushes them away from each other.
What happens when you buy a app?
Your device starts to download the app while you are charged for your application you bought(if it is not a FREE app). If you aren't logged into iTunes, you will be asked for your password before the download starts.
Do Minecraft expires?
Once you have purchased the game, it is yours and your account will not expire. You will receive all future updates (according to minecraft.net on 19 May 2011.) If you received a gift code, however, then the person who bought your code can reverse the money transaction that bought the code; if that happens, then your account will become "un-paid" again.
What happens if you return something you bought with a credit card?
When you return something you bought with a credit card, the amount you paid for the item is typically refunded back to your credit card account. This can help reduce your credit card balance or provide you with a credit for future purchases.
How do you update an app with a different account then what you bought it with?
You can't.
Can two people be charged with one small bag of drugs?
Depends on who bought it.
Are Fixed Deposits Bought?
No FD's are not bought. They are types of deposit account which are opened in banks for a fixed period....
What account is affected in an account journal when you avail of purchase discount for office supplies that was bought on account?
Accounts payable and Cash accounts
How can you get a premium account on minecraft?
to get a premium account :: the only way is to purchae the game using your account :: it will confirm that you bought the game using the account and make it premuim
How long can something stay on your credit report after another creditor bought the account?
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
