Questions tagged [debt]
Liability or obligation to pay or render something to another
140
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Any chance of getting back money I lent?
A few years years ago I lent 50,000$ to a friend in financial trouble and we agreed he'd pay me back when he was able to (though I have no evidence of this other than the bank transaction).
We had an ...
- 21
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Tour operator asks for undue money
Some time ago I purchased a trip from a leading tour operator in Germany (I’m resident of a close-by country).
They asked me to provide them with a credit/debit card details so they can collect €1000 ...
- 1
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Third Party Liability for representations
(I suspect this looks a bit like a homework question. Its not. I have tried to distill the question as much as possible). I'm interested in how this would typically be answered in countries based ...
- 3,476
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Odds of credit card debt issuer failing [closed]
Let's say I owe debt to capital one. They fail as a business and the debt passes to another bank. There is a massive banking catastrophe and most banks fail.
Now, what are the odds that the debt would ...
user34629
17
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Can an estate be forced to sell real estate to cover debt if the home was bequeathed to an adult child?
My mother died in West Virginia. I am her son and the executor of her will, in which the home was bequeathed to me. The estate has insufficient funds to pay medical and other debts. Can WV probate ...
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How do courts actually verify a debt case is legitimate
Say someone forges a capital one credit card contract, says they bought the debt from Capone and sues.
Will the court just assume the debt is real? Are they seriously going to call Capone and ask? ...
user29535
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1
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85
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What regulations specify the loan and what regulations specify the credit under US law?
What is a difference between loan and credit in the law system? Let's say US law.
What does it mean to grant a loan, use a loan or to have a credit? What regulations describe both credit and loan?
2
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Recourse loan state and Non-Recourse loan state which one prevails?
Someone that lives in a non-recourse state buys property in a recourse state. All signatures where done by mail in their home state. Is it automatically a recourse loan since the property is located ...
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Is a patient legally obligated to pay for non-emergency medical services that were not requested by the patient?
Is a patient required to pay for non-emergency services they did not request from a medical provider?
For example, a radiology clinic takes an x-ray and then sends it to a 3rd party radiologist for ...
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To what extent are a creditor's rights attenuated when debt is sold?
Sometimes a person, A, will run up debts that can't be paid. In these situations, a creditor, X, will often sell the debt to a third party, Y. My understanding is that it will be much easier for A to ...
- 6,498
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Is a debt owed by an adult who is supported by parents recoverable?
I am owed money by a 37 year old drug addict. We grew up together and I tried with his father to get him healthy. Over the years, I lent him small sums that added up over time, which we kept track ...
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Does fraudulent conveyance only apply to bankruptcy?
Say creditor has a judgement and before the judgment I transferred assets to someone else. Can the creditor go after the fraudulently conveyed assets? Or is that only for bankruptcy?
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Do federal student loans come with IRS-like arbitrary levy power?
I have a nelnet loan for 10k. If it was tax debt I understand the irs could bypass the courts, give no service and seize my bank account. Does this apply to student loans as well? Or is it limited to ...
- 23
3
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Which state's statue of limitations for debts applies, for credit card debt?
I used to live in South Carolina, USA and lost my job. As a result I defaulted on credit card debt. I have not paid anything on it for the last year and the debts were "Charged Off", and are in ...
- 31
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United Utilities claim for outstanding balance with no move out date
Earlier after signing in to check my credit report, I noticed it had been dropping and discovered that there appeared to be United Utilities (UU) payments in arrears.
I contacted them and have ...
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