Debt Collection

7 years, no more than 10.

MY PHONE IS A ORANGE PHONE AND I DAIL 453

In most instances, yes, she will be responsible. It is assumed that she benefited from the assets, drove the car, used the mobile home, etc.

There are a number of factors involved. Typically the estate is responsible for paying the debts, including the funeral and medical bills of the deceased. If the daughter is a minor, or still listed on the parent's medical insurance, the parents can be held responsible. parents co-signed any paperwork regarding medical procedures, they may be held liable.

412-424-0250

The fact that it is in Florida doesn't change the answer. 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 assets 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.

They are free to call until the debt is paid or legal arrangements are made unless you express the die sire to not have them call in writing. There are also hours in which they can not call. Refusing to accept their call can accelerate the legal process.

Their job is to get you to pay what you promised to, not keep you happy.

Generally a person's estate is responsible for the decedent's debts. If there is no estate the creditors are out of luck. They should be notified of the death.

Every state provides creditors with a certain period during which to make a claim against the estate. If they don't file a claim on time they lose their rights. On the other hand, if they made a claim and the property was conveyed during the time period set aside for creditors, the conveyance will be challenged. It would be viewed as a violation of the executor's obligations under the law. Consider also that title to real estate does not pass legally until the estate is probated. Therefore, no one can sign a quitclaim deed unless the estate has been probated. The answer is no. A quitclaim deed would not automatically stop a creditor. You need legal advice from an attorney who knows all the details.

One of the primary reasons to open an estate is to resolve such issues, including taxes. 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.

If you are owed money by the decedent you must file a claim with the court during the time period allowed for claims by creditors.

Formed in 1940 The Bureau of the Public Debt is partially setup to track and report public debt. The bureau of the Public Debt borrows money that is needed to run the federal government and to account for the resulting debt, basically paying it back.

The Bureau of the Public Debt is part of the U.S. Department of the Treasury.

The link is added below to get to the government website which interestingly enough has the figures for the U.S. debt for which now the numbers are in double digit trillions.

Log onto IRS.gov and type into the search box "where is my refund" and the link will show up. Once you follow that link you will have to input your information and it will allow you to see if there is a hold and the expected date.

The bill adds up. Example, if you have a $200 debt on your credit card. You don't pay it for a month, then it jumps to, let's just say $250. Next month $300, month after that $350, $400, $450,....

In short the bill gets bigger.

http://www.langhornedebtsolutions.com/FAQ.htm

The estate of the deceased is liable. If you inherit any money, property or valuables these should have been used to settle the estate. If there was no estate then you will need to show this to the IRS.

Most Commercial Collectors, or business debt collectors operate in a fix rate or rate per amount collected. Fix rate depends on each collection agency, debt collection rates may vary also in the amount to be collected, number of accounts and the age of the accounts. Most commercial collectors do not charge any fee until they collect, or some others they do. Best practices are; shop around, look for collection agency prices, request quotes, etc.

A phone number that has worked for this in the past is 412-424-0250. Other companies may have different numbers than this one listed.

Unless you are willing to give the junior lienholder (the second mortgage lender) some sort of compensation (like a shortfall payoff), it can be difficult. Once a deed in lieu of foreclosure is done, only one bank gets the real estate. Typically, it's the first lienholder. The second mortgage would need to be released in order for that to happen. Banks may be more willing to consider "charging off" the second lien in recent months, since they know that if the loan does go into foreclosure their mortgage is going to be wiped out anyway, but it is often difficult to get them to voluntarily release their lien prior to foreclosure. Often, though, they will take a nominal amount - even $500 - since getting something is better than nothing.

You should in fact receive a letter from who the creditor is and if they are being garnished your employer should send you all the information that was sent to them in order for them to proceed with the garnishment.

Generally they can't garnish your account for a debt in your husbands name only unless he also uses your account - as in a joint account or his pay is deposited in the account.

No. A creditor that wants to freeze the assets in a bank account must seek and be granted a court order. The order must then be served on the bank.

It never official goes away, but it can be written off and after so many years depending on each state. It can no be collected and it expires making it where you can get services with the company you just have to pay a deposit.