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Statute Barred Debt
Manage episode 446388050 series 3602995
Inhoud geleverd door Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
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
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