Debt Collection

A loan is considered a written contract. In GA, the SOL is 6 yrs from when the loan became due and payable. If you got a loan from an individual, it would just be breach of contract, which has a SOL of 4 yrs.

Yes, you cannot ignore it. However, your lawyer must respond for you. Give your lawyer the information so that a speedy response can be made on your behalf. Learn your rights against collection agencies by reading up on the FDCPA.

A restraining notice to a judgment debtor is a legal document typically issued by a court that prohibits the debtor from transferring or disposing of certain assets, pending resolution of the debt owed to the creditor. It essentially freezes the debtor's assets to prevent them from being moved or hidden to avoid payment of the judgment.

Yes, 6 years is the SOL on credit card debt in Michigan. It is not only the last payment made on the card. If you made a charge on the card after the payment then it would be after that. Basically the SOL clock starts ticking when the last activity was made on the card by YOU - not the credit card company. Once that period is up, you can no longer legally be sued for the debt. Although some collection agencies will try it. Learn your debt collection rights by reading up on the FDCPA.

Third parties are often referred to as minor parties because they have less influence, resources, and representation compared to the two major political parties in a given country. These parties typically struggle to gain significant electoral support and face obstacles in achieving political power.

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.

No, a debt collector cannot contact you at unreasonable times. They are generally restricted to contacting you between 8 am and 9 pm, local time. If they contact you outside of these hours, they may be violating the Fair Debt Collection Practices Act.

In Illinois, creditors are generally allowed to contact you at work unless you have asked them not to or if your employer does not allow such calls. You can request the creditor to stop calling you at work if it is causing you problems.

A debt collection attorney specializes in legal actions taken to collect debts owed by individuals or businesses. They may send demand letters, file lawsuits, or negotiate settlements on behalf of their clients to recover unpaid debts. Their role is to use legal processes to help their clients recover money owed to them.

A Deed in Lieu Foreclosure can impact Social Security benefits if the forgiven debt is reported as income, potentially increasing the recipient's income and affecting benefit eligibility. It is important to consult with a tax professional to understand the implications on Social Security benefits.

No, you cannot be arrested in Canadian customs for not paying credit card debts. Debt is a civil matter, not a criminal one. However, customs officials may request payment or additional information if they have concerns about your financial situation.

Jurisdiction in a credit card lawsuit typically depends on where the contract was formed (Florida in this case) and where the debtor (you) resides (South Carolina). However, laws can vary, so it's best to consult with a legal professional.

Removing appliances from a foreclosure without permission can be considered theft, which is a criminal offense. Depending on the value of the items removed, the individual may face criminal charges and potentially go to jail. It is important to verify ownership rights and seek permission before removing any items from a foreclosure property.

Several states have statutory rights of redemption after foreclosure, including Alabama, Connecticut, Delaware, Iowa, Minnesota, Mississippi, Missouri, Tennessee, and Wisconsin. These states allow homeowners a period of time after foreclosure to buy back their property by paying the outstanding mortgage debt.

In Ohio, a surviving spouse may have rights to a family allowance, exempt property, and a share of the deceased spouse's estate if there were children from a previous relationship. Depending on the circumstances, the surviving spouse may also have rights to social security benefits or life insurance proceeds.

A lawyer acting as a debt collector can usually file for a judgment in court even during the 30-day validation period. However, if the defendant has requested validation of the debt within the allotted time frame, the debt collector usually cannot seek a judgment until the validation process is complete and the debt has been verified.

If you have received a summons from debt collectors, it means they are taking legal action against you to collect the debt. It is important to respond promptly by seeking legal advice or negotiating a repayment plan to avoid further legal consequences. Ignoring a summons can result in a default judgment being entered against you.

Yes, a lawyer may choose to turn over an unpaid bill to a collection agency as a means to recover the debt. However, they must comply with applicable laws and regulations governing debt collection practices.

Sorry to say, but there would not be any point to file such a lawsuit, since it would not be enforceable, however your not the first to want to file one.

It is one of the most common fights in a divorce situation, ex runs up all the cards and the co-signing spouse does not feel its fair to pay the bill. Sadly and while it is not fair that is the purpose of a co-signer, and the credit agreement you signed clearly indicated that both account members would be equally responsible for the repayment and regardless of the usage or benefit.

In certain cases, deficiency judgments are allowed in Minnesota after a foreclosure.

While they may be allowed in a judicial foreclosure proceeding, the amount of the judgment may be limited by the fair market value of the property that was foreclosed on. Homeowners have the right to a jury trial to determine the fair market value of the property.

If nonjudicial foreclosure is used with a power of sale clause in a deed of trust, and the six month redemption period is available to the homeowners after foreclosure, a deficiency judgment is not allowed.

Minnesota statutes relating to foreclosure of real estate are located at the following place in the state laws:

Minn. Stat. sections 580.01 to 580.30

Yes, and No, if a motion is made by a party to a lawsuit before a family court judge to have a party produce their banking information the courts can order the other party to provide such documents. However, the courts do not have the access to just type in your name and pull up you banking information. In most family court cases both parties would have completed a financial affidavit detailing all their financial information, and they are very hard if anyone is found to be hiding or misleading the courts on their assets and/or income.

The length of time a judgment stays against someone varies by jurisdiction and type of judgment. In general, a judgment can remain on a person's credit report for 7 years or longer until it is satisfied or discharged. It may also be renewable or extendable based on the laws of the specific jurisdiction.

You can find out if a default judgment has been entered against you by checking court records, contacting the court where the case was filed, or receiving notification from the court or the other party involved in the case. It is important to address any default judgments promptly to understand the consequences and explore your options for challenging or resolving the judgment.

Florida is a judicial state for foreclosures. This means that lenders must go through the court system to foreclose on a property in Florida. This process typically involves filing a lawsuit against the borrower.