Debt Collection

They can but there is no telling how fast they will get to it. They have to go thru lawyers and the courts first. Most cases this can be avoided by setting up some sort of payment plan.

No you will not be personally responsible for the debt. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

it can be yes

Sometimes it makes sense to go into debt. Generally if it's something important to you and it'll last longer than the loan (such as a house, education, or a car) debt is reasonable.

hope it helps

Usually, to open an account at a bank, you must provide multiple forms of ID. If you have a valid Driver's License, a Military ID card, or a Alien Residency Card these are accepted at a bank when opening an account. Your bank will also, most likely, require you to have two or more forms of ID to confirm your address. Sometimes you can provide a piece of recent mail (like a bill for utilities or phone service) that has been mailed to you at your current residence.

When coming to the bank after your accoutn is set up, usually one form of picture ID is all that is needed when completing transactions such as cashing checks and withdrawing money.

The debts of the estate must be paid before any distribution of assets is made. If the parent left a will and owned a home, the estate must be probated in order for title to pass to the heirs legally. The creditors must be notified of the death.

* An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by collateral is not secured by collateral therefore it is an unsecured debt. Generally, yes a creditor can sue for unsecured debt, the creditor just doesn't have any interest in the good that formed the basis of the loan.

Apparently so.I recently received a letter informing me that I was being sued for a hospital bill from 2005 that I had never received a bill for.Luckily I was able to set up a payment plan and keep it from going to court and becoming a judgment against me.

Joint tenants own 100% of the total each. If one puts a lean on their part then its only on 50%. If that person dies the other owns the whole 100 % without question. You cannot desolve a joint tenacy unless you sell your half or joint tenent dies. If the leans of the other joint partner is against a joint property and he dies then his half automatically goes to his joint partner and the person putting debt on his 50% is redundant because it is someone else's 100% after death. This person might have to sue the other person for his lean on the joint ownership but he might not win.

Technically the bill will appear on your credit report for 7 years but they cannot make you pay a single dime if the hospital or debt collectors can't get you in a court room within a single year; know your rights people- don't get screwed over.

(if you are making payments, it takes one year from your last payment for this to take effect...)

Chase Bank sent me a summons for a credit card that I had. I was trying to reach a settlement but they wouldn't answer. I had to go downtown Chicago and file with the clerk a statement refering to the summons that they sent me. Basically said the debt wasn't mine. They have to prove it is yours. Paid a fee for filing and was issued another court date. Went to court, hoping to delay. The lawyer called me into the hall before court started and wanted to know when I would pay. I asked for more time and they set up another court date. Chase played hardball with me and I finally settled with them but after I got a lawyer to talk to them. Not knowing exactly what would happen in court on my first day, I was a little bit scared. They know that you are there because of a hardship so Chase would rather talk to you before going to a judge.

usually a chare off happens after 7 years

Libraries are generally ran (and owned) by the local governments. So yes, as a library is a public service, it's like owing the Government. Think of it as a traffic ticket, you owe the government in that situation too.

Liability for debts varies greatly by circumstances. And the assumption is that the wife inherits at least half, if not all, of the husband's assets. But the estate has to liquidate all debts before they can transfer them to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

There are several things you can do to restore your credit. The essentials are paying everything on time, lowering your balances to increase your debt to limit ratio, and removing negative items off your credit report. The Fair Credit Reporting Act allows consumers the right to dispute anything on their credit report they believe to be inaccurate or erroneous.

Not on a personal level. Typically the estate is responsible for paying the debts, including the credit cards. If an heir co-signed any paperwork regarding the credit card, they may be held liable.

Yes, as long as the sale is complete and the mortgage (including unpaid interest and penalties) is paid off before the date of the Trustees Sale.

If they are calling from a 3rd party collection agency, all you have to do is ask them not to call you at a specific number, and by law they can't.

That is not always the best thing to do, however. If you limit they amount of access they have to you, they are more likely to consider your account for lawsuit.

Possibly...if they are contacted by the estate and believe the estate will resolve the matter before distributing the assets to others, it becomes less likely.

Creative Arts Industry

Hello,

Please search in google for State Statute of limitation.

I could have answered that, if i knew which type of contract you have along with your state.

You should get the answer, there are a lot of websites that have State Statute of limitation.

If it is past SOL (Statute of Limitation), then they cannot take legal action against you.

Make sure to count the years correctly, The clock starts ticking when you make the last payment. The clock reset if you make a single payment during years.

For Example:

If you debt in 2004, never paid them......... but in 2006 you paid them $200, just to get them off your back.

If this is the case, then the clock resets and you SOL time would be counted from 2006.

Thanks!

During the foreclosure process, auctions often take place for lenders to recover funds initially lent in a quicker manner. Following the auction, the intended purchaser is "assigned a bid" as this is an acknowledgement that the title of the property is changing ownership.

a lumber jack is a person who cuts timber in Canada.

i want to know what a person who collects driftwood from the sea is called.

A driftwood collector is a beachcomber.

5 dacks = 50 sens

4 quaks = 100 sens

5 dacks : 4 quaks = 50:100 = 1:2

This Company is run by the same people who offer the Horizon Gold Gard - also a scam. Look them up under that or Hallmark Bank & Trust. Looking up Hallmark will give you all the info. you need. And while you are at it - google the owner of Hallmark. Please folks -DO NOT DO BUSINESS WITH THEM - THIS IS ROBIN HOOD IN REVERSE. Their other card is the Compass Card. All looks legit on the surface but they will drain your account and pretty much fom folks who can least afford to have this happen to them. Go to ComplaintsBoard.com and look up Horizon Gold Card complaints - you will see that the only place card can be used is at Horizon Outlet online Store.

I'm not sure for certain, but I would say they sell it for pennies in the pound.