Questions tagged [debt]
Liability or obligation to pay or render something to another
151 questions
15
votes
4
answers
5k
views
Can one debt cancel another debt?
Can two equal and opposite debts cancel each other out?
Bob owes Alice £500 but doesn't want to pay. Alice takes Bob to court and gets a CCJ (County Court Judgement) against Bob for the full amount. ...
- 4,234
2
votes
0
answers
69
views
What is the process for cancelling or setting aside a judgment
Suppose a county court judgment has been passed to the high court for enforcement, and High Court Enforcement has obtained a writ of control to seize goods belonging to the debtor.
Then the debtor ...
- 141
2
votes
2
answers
190
views
At which point(s) in the process does legal tender matter?
Legal tender is defined as:
Legal tender ... means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay.
What’s classed as legal tender varies ...
- 10.4k
1
vote
2
answers
171
views
Is a settlement agreement binding even if it hasn't been drafted yet?
For example, there is a payment hearing tomorrow. The debtor's lawyer says he has decided to pay up but wont have the money or the release contract signed yet. Is just having this (vague/preliminary) ...
- 443
27
votes
1
answer
3k
views
How do you collect unpaid debt from the federal government?
There are currently concerns that the federal government might just not make some payments it owes to people, either because it doesn't feel like it or due to some kind of massive computer failure.
I ...
- 6,055
7
votes
1
answer
683
views
What non-liquid assets can't be seized for compensation?
Non-liquid assets like property can be legally seized when compensation is required (e.g. by a creditor or the IRS). But there are many other non-liquid assets one can have. A video game account (like ...
- 6,322
0
votes
2
answers
120
views
Priority of payment of decedent's debt to different government agencies
31 U.S. Code § 3713(1)(B) (Priority of Government Claims) reads in part:
A claim of the United States Government shall be paid first when . . .
the estate of a deceased debtor, in the custody of the ...
- 3,078
1
vote
1
answer
108
views
What evidence can serve to rebut a presumption of advancement for transfers of property, if such a presumption exists?
In G.R.P. v L.B.P. (2013 NY Slip Op 51965 (U)) the judge notes what in some other contexts has been called a "presumption of advancement," i.e. that some types of monetary transfers between ...
- 842
3
votes
1
answer
232
views
Can Rental Income Be Garnished?
A creditor can request garnishment of a debtor's wages to help repay a debt. In my understanding, part of the practical advantage of garnishing wages is that it enlists a third party (the debtor's ...
- 131
8
votes
2
answers
2k
views
Does a debt exist for a Parking Charge Notice?
A question on Personal Finance & Money asks for options to pay a parking "fine" when the recipient is not trusted. The asker is not arguing that they owe the money but, for security ...
- 369
-1
votes
2
answers
276
views
How can a credit card company share information and enforce or offset debts?
So I do know of someone that owed the credit card section of a bank, $27,000, before the bank finally disconnected. Which brings me to several theoretical questions.
If someone owes the credit card ...
- 87
2
votes
1
answer
1k
views
What resets an old debt in the state of Texas
I just got a call from a debt collector regarding a 16 year old debt. I live in the state of Texas. They called using a number I thought might be from a job prospect. They then verified my name and ...
- 23
-2
votes
1
answer
202
views
What is the legal situation when legally preformative letters are returned to sender?
There is a Guardian consumer article about a case where a company has gone to court for nonpayment and is about to break down the door and install a new meter, which included a warrant. This was a ...
- 10.4k
1
vote
0
answers
86
views
What is the legal situation if one is owed money but no longer have access to the bank account associated with the account?
There is a situation presented in The Guardian
Consumer champions that must be fairly common:
In November last year, I unexpectedly rediscovered an unused national lottery app on my mobile phone with ...
- 10.4k
3
votes
2
answers
419
views
Insurance company said no money was owed and now they have changed their mind
Someone I know was told by an insurance company that since he got a new car they could not insure him because it was too old and he would need to cancel the policy. He was told multiple times on the ...
