Tuesday Oct 22, 2024

Statute Barred Debt

This excerpt from a blog post on "Corporate Debt Recovery" discusses statute-barred debt, which occurs when a creditor can no longer legally pursue a debt after a certain period. The text explains the concept, outlining the different types of debts that can become statute-barred, and the implications for both creditors and debtors. It explores the benefits of having a debt become statute-barred, including relief from court action and the ability to focus on rebuilding finances. The post concludes by advising readers on what to do if contacted about a statute-barred debt, emphasizing the importance of knowing one's rights and seeking legal counsel when necessary

Comments (0)

To leave or reply to comments, please download free Podbean or

No Comments

Todd Davis and Kia Thompson

Podcast Powered By Podbean

Version: 20240731