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What else can I help you with?
How many years can a creditor come after you?
The statute of limitations for creditors to pursue a debt varies by state and type of debt, but it typically ranges from 3 to 10 years. After this period, creditors can no longer sue you to collect the debt, though they may still attempt to collect it through other means.
In Canadian Law am I responsible for my spouse's credit card debt?
In general, you are not responsible for your spouse's credit card debt in Canada unless you have jointly signed for the debt or benefited from the purchases made with the card. It is always advisable to seek legal advice tailored to your specific situation.
Does South Carolina make spouses responsible for the others debt in their name only?
Under South Carolina law, debt that is incurred during a marriage is presumed to be marital debt. This would mean that both spouses are legally obligated for their share of the debt, regardless of the listed individual to the debt.
What is the statute of limitation on credit card debt in texas?
In Texas, the statute of limitations on credit card debt is typically 4 years. This means that creditors have up to four years to file a lawsuit to collect the debt. After this time period has passed, the debt is considered "time-barred" and creditors can no longer sue for payment.
How long can a debt collection agency sue you in Ohio?
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.
My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
Who is responsible for marital debt?
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
Are you responsible for your siblings debt?
You are not responsible for your sibling's debt unless you co-signed and agreed to be responsible for it. If you co-sign for a debt and the primary borrower doesn't pay then you will be held responsible for repayment.
What if the cosigner dies Is the estate responsible for this debt?
The loan could be held as a claim against the estate. Such things can cause an estate to take many years to settle.
Are you responsible for a debt from 2003?
That depends on the state or country in question. The date starts from the last payment or acknowledgement of the debt. In some places it is as long as 10 years.
Is a divorced spouse of 10 years responsible for credit card debt after the ex-husband dies?
If the debt is less that seven years old and if the spouse was a joint account holder, then the spouse would be responsible for the debt. If, however, it was a separate account or the surviving spouse was only an authorized user on the account, they are not responsible for the debt. * The 7 years relates to the length of time that the information can remain on the credit report. There is no time limit on debt collection only on the amount of time that the creditor has to pursue legal action to recover money owed (debt statute of limitations). You would be responsible for a joint account only, although it is not unusual for creditors to attempt to collect from authorized user's whether or not they are a spouse of the account holder.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
Who is responsible for debt when a person dies in Washington?
The estate is responsible for debt. That is one of the reasons for opening probate.
Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
Is an executor responsible for the debt?
Not personally. The estate is responsible.
Are persons 65 years of age and older responsible for the debt on their credit cards?
Yes they're old not dead.
