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What does a creditor do after receiving a letter to cease-and-desist phone calls and what would the results be for a debtor?
They will continue to contact the person via mail, perhaps a courier service. Some credit counselor's believe that sending a "cease and desist' letter will cause the collector to initiate a lawsuit. That however is not a factor in pursuing legal action. Lawsuits are filed mainly on the basis of being able to collect the debt either at the present or future date.
What else can I help you with?
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What is a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
Is a lien by a creditor placed on the debtor or the debtor's attorney?
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
What is a stipulation in bankruptcy?
It's basically an agreement between the debtor and creditor on how the debtor is to pay the creditor that arises when debtor has filed bankruptcy.
what's the opposite of a debtor?
Creditor is the opposite of a debtor
What is the opposite of debtor?
creditor
Discuss the rights of surety against the creditor and the principal debtor?
rights of surety against principal debtor and principal creditor
What happens if a creditor receives a cease and desist letter from a debtor?
Then the creditor must cease any attempt to collect the debt. It means the creditor is not allowed to call debtor, or send the bill to debtor's address or to make any further attempts. If the creditor still call the debtor, the debtor may complain and initiate a lawsuit. But usually the creditor will take the debt to court when a debtor serve him with cease and desist letter. It could be as soon as 3 months up to a year.
What is the opposite of word debtor?
creditor
Distinguish between a debtor and a creditor?
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
