Subjects>Math>Math & Arithmetic

What is arbirtration?

Anonymous

∙ 14y ago

Updated: 9/20/2023

It's like when two kids are fighting over something and they won't share. Neither of them budge, they both want it. Mom steps in and hears both kids sides of the story and then tells them how it is going to be whether they like it or not.

Both kids have to live with what she says.

Wiki User

∙ 14y ago

What else can I help you with?

Continue Learning about Math & Arithmetic

What happens when you don't pay a collection agency?

If the person has made an agreement to render payment and then defaults, the agency will probably initiate legal proceedings. The majority of CA's are not attorney's and therefore cannot themselves enter into litigation. They usually refer the account to a collection attorney who will then file a lawsuit against the debtor. The lawsuit must be filed in the debtor's state of residency and the state statutes will apply to all legal procedures. There are however collection agencies/law firms who now have the ability to file for arbirtration, the debtor/consumer should be very cautious in either case and if possible seek legal counsel. If the agency feels the debtor is "judgment proof" they may return the account to the original creditor who will then decide to resubmit for collection or close the account as uncollectible debt. macky83@juno.com

Trending Questions

What two multiplied numbers make 336? Is 5 a prime num ber? Why does a 4 digit number take away another 4 digit number equal a multiple of 9? What is 46 x 0.25? How do you write 573 thousand in numerical value? Which number is th e smallest 3-4 3-5 17-20 9-19? How do you do undo operations? What is the definition of a corollary? Is Jesus a descendant of Adam in the bible? What is 2 over 3 divided by 1 over 9? How do you round 0.2222 to the nearest thousandth? How do you convert seconds into minutes and seconds and millisec? What is 30 percent off of 77? Greatest in number or amount? What is 8.902 rounded to the nearest hundredth? How many combination of 2 addend will add up to a sum of 24? Why do aluminum rods resonate and sing when they are rubbed with rosin? Is root 4 an irrational number? How old are the children in year 1? What equation will you use to get the area of a cylinder?

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.