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Debt and Bankruptcy

State of owing money to creditors. A person or organization is bankrupt when judged to be legally insolvent.

500 Questions

What can debt collector do to you can he put you in prison?

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Asked by Wiki User

Debt collectors cannot put you in prison for owing money. They can take legal actions to try and collect the debt from you, such as filing a lawsuit or seeking a judgment. However, they cannot have you arrested or imprisoned for failure to pay a debt.

Who said Law is the correct judgment of the state?

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Asked by Wiki User

Plato, a classical Greek philosopher, is often attributed with the quote "Law is the correct judgment of the state." This concept reflects his belief in the importance of laws in maintaining a just and orderly society.

In a final judgment they require you to fill out a Florida Rules of Civil Procedures form 1.977 Fact Information Sheet and return it within 45 days what will happen to me if I don't?

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Asked by Wiki User

If you fail to fill out and return the Florida Rules of Civil Procedure form within the specified time period, the court may impose penalties or sanctions against you. This could include fines, a default judgment being entered against you, or your case being dismissed. It's important to comply with court orders to avoid negative consequences.

What was the Fair Debt Collection Act?

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Asked by Wiki User

The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from abusive or harassing debt collection practices. It sets guidelines for how debt collectors can communicate with consumers and prohibits practices such as making false statements or threats.

What are some Third World debt fund-raising activities?

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Asked by Wiki User

Some examples of Third World debt fund-raising activities include charity events, auctions, crowdfunding campaigns, benefit concerts, and partnerships with corporations for donations or sponsorship. These activities aim to raise funds to alleviate debt burdens in developing countries and support sustainable development initiatives.

You work for a collection agency you know the laws a collector called your grandparents house a released personal information about your debt to your grandparents without your permission While calling?

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Asked by Kierkat17

You should report this violation to the Consumer Financial Protection Bureau or your state's Attorney General. The collector disclosing your debt to a third party without your permission is a violation of the Fair Debt Collection Practices Act. You can also consider seeking legal advice to understand your options for taking further action against the collector.

Can an Ohio debt collector garnish your spouses income in Michigan if the debt was originated in Michigan-Are they bound to Ohio law or Michigan law?

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Asked by Wiki User

In this situation, the Ohio debt collector would need to follow Michigan law regarding garnishment of a spouse's income, as Michigan law would apply to the state where the income is earned. The debt collector would not be bound to Ohio law in this case. It is important to consult with a legal professional familiar with both Ohio and Michigan laws to understand the specific implications and requirements.

What is the average jail sentence by a judge in a court case on a default judgment for unpaid debt?

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Asked by Hardships

The length of jail sentence for unpaid debt varies depending on the country and its laws. In most jurisdictions, jail time is not typically imposed for unpaid debt cases, as they are considered civil matters rather than criminal offenses. Instead, judgment may result in wage garnishment, asset seizure, or other forms of debt collection.

If you had a bankruptcy removed from your credit report would you still be able to challenge that dispute in the same manner after 6 years?

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Asked by Wiki User

If the bankruptcy was removed from your credit report, you may not be able to challenge it as a dispute in the same manner after 6 years. The information should no longer be present on your report if it was successfully removed, so there would be nothing to dispute. It's important to regularly check your credit report to verify that the bankruptcy has been properly removed.

How do you collect a Civil Court judgment if the defendant declared bankruptcy?

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Asked by Wiki User

If the defendant declared bankruptcy, you may need to file a claim with the bankruptcy court to try and recover the debt owed to you. However, your ability to collect on the judgment may be limited depending on the type of bankruptcy and the specific circumstances of the case. It's advisable to seek legal counsel to understand your options and rights in this situation.

How can the homestead exemption help against foreclosure in a possible Chapter 13 dismissal?

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Asked by Wiki User

The homestead exemption can protect your home equity in Chapter 13 bankruptcy from being used to pay off creditors. If the Chapter 13 case is dismissed, the homestead exemption may still provide some protection against foreclosure by allowing you to keep a certain amount of equity in your home. However, without the structure of the Chapter 13 repayment plan, you may still be at risk of foreclosure if you are unable to catch up on missed mortgage payments.

How long after foreclosure sale of a home to trustee do you have to vacate premises in California?

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Asked by Wiki User

In California, after a foreclosure sale, the new property owner can typically initiate eviction proceedings to remove the previous homeowner from the property. This process can take several weeks to a few months, depending on the specific circumstances and the court's schedule. It's essential to consult with a legal professional to understand the eviction timeline and your rights as a tenant or former homeowner.

If you received a dismissal with prejudice on a chapter 13 with a one-year bar can you get around this in order to stop a foreclosure?

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Asked by Wiki User

It is difficult to get around a dismissal with prejudice and one-year bar in a Chapter 13 case. However, you may be able to explore other legal options or file a new bankruptcy case under different circumstances to try and stop the foreclosure. Consulting with a bankruptcy attorney would be advisable to assess your specific situation and explore all available options.

How long do you have left on the property after foreclosure after receiving a letter from an attorney stating the property has been purchased and you had 3 days to vacate does letter serve as eviction?

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Asked by Wiki User

In many states, after a foreclosure sale, the new owner may start eviction proceedings if the former owner doesn't vacate. The letter from the attorney might serve as a notice to vacate before formal eviction proceedings begin, but the exact timeline can vary by state and local laws. It's important to seek legal advice to understand your rights and obligations in this situation.

Will district attorney still issue a warrant for your arrest for an eighty dollar bad check if they know you included that check in bankruptcy?

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Asked by Wiki User

It is possible that the district attorney could still issue a warrant for your arrest for passing a bad check, even if it was included in a bankruptcy filing. Bankruptcy generally discharges debts, but criminal actions such as passing a bad check may still be pursued by law enforcement. It is best to consult with a legal professional for advice on how to handle the situation.

Does a bankruptcy discharged in May of 1997 come off your credit report now since it was before the law changed to 10 years?

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Asked by Wiki User

Yes, bankruptcies can typically remain on credit reports for up to 10 years from the date of discharge. Since the bankruptcy was discharged in May 1997 and it has been more than 10 years, it should have been removed from your credit report. You may want to check your credit report to ensure its accuracy.

Can a collection agency attempt to collect a debt that was settled by another collection agency as 'not valid' a year prior?

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Asked by Wiki User

Yes, a collection agency can attempt to collect a debt that was settled by another agency if they believe the debt is valid. However, if the previous agency settled it as 'not valid,' you may dispute the debt with the new agency and provide them with documentation supporting the previous resolution.

If a Chapter 13 filed in August 1999 was dismissed in March 2000 but not discharged when does the bankruptcy fall off the public record?

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Asked by Wiki User

A Chapter 13 bankruptcy that was dismissed without being successfully discharged will typically remain on your credit report for 7 years from the date it was filed. This means it may stay on your credit report until August 2006, assuming there are no other issues that extend the reporting period.

Can a collector still collect a debt from January 1966 or does a statute of limitations apply?

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Asked by Wiki User

The statute of limitations for collecting a debt varies by state and type of debt, but in most cases, the statute of limitations for collecting a debt that old has likely expired. It is advisable to check the specific laws in your state to determine if the debt is still collectible.

Are children responsible for living parents' debts when the parents are confined to a nursing home?

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Asked by Wiki User

In most cases, children are not responsible for their parents' debts unless they have co-signed or guaranteed those debts. Medicaid may cover nursing home costs if the parents cannot pay. It is advised to consult with a legal professional to understand specific situations and liabilities.

What usually happens to criminal charges for a bad check after bankruptcy?

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Asked by Wiki User

Bankruptcy does not typically discharge criminal fines or restitution, so criminal charges related to bad checks would likely still need to be resolved. However, individuals may be able to discharge outstanding debts related to the bad checks, such as bounced check fees or civil liabilities, in bankruptcy.

What is the symbol of chapter 1 in the pearl?

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Asked by Wiki User

The symbol of chapter 1 in "The Pearl" by John Steinbeck is the scorpion. The scorpion represents danger and evil, foreshadowing the challenges and obstacles that Kino and his family will face throughout the story. It also symbolizes the predatory nature of the world in which they live.

Who was the narrator in a Wagner matinee and why does he feel he owes a great debt to aunt georginas?

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Asked by Wiki User

The narrator in "A Wagner Matinee" is Clark. He feels he owes a great debt to Aunt Georgiana because she introduced him to culture and helped shape his appreciation for music and literature during his formative years. Aunt Georgiana's influence had a profound impact on his life, and he is grateful for her guidance and support.

What does Romeo mean when he says 'oh dear account my life is my foe debt'?

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Asked by Wiki User

Romeo is expressing that his life is a burden to him because he is separated from Juliet, whom he loves. He sees his existence as a debt, in that it brings him pain and suffering in the absence of his beloved.

How do you write a letter for explanation of bankruptcy?

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Asked by Wiki User

To write a letter explaining bankruptcy, start by stating the reason for your financial difficulties in a clear and honest manner. Provide a brief overview of the circumstances that led to the bankruptcy, such as loss of income or unexpected medical expenses. Express remorse for any negative impact on creditors and outline steps you are taking to address the situation and prevent it from recurring.