Can a collection agency collect a debt for unpaid rent from a property that has gone bankrupt and foreclosed?

Question

I have a a collection on my credit report from a collection agency that is trying to collect a debt for them. This was over five years ago and I do not have the proper documents to fight the bogus claims. This property always had problems and has been through several different owners. Ownership changed again a couple of years after I had moved out. Last spring the property management filed bankruptcy and is now going through foreclosure. Will I still have to pay a debt to an apartment complex that no longer exists?

Answer 1

1st thing you should do is get proof of the debt. How much information does the agency have on the account? They will need something more than just a piece of paper saying you owe this and that. What happens here, is if the collection agency does have all the back up documentation of the debt they will persue you for it and collect the full amount - at which time paying the property management becomes their problem not yours. Right now as it sits the collection agency owns part of that debt, usually about 40%. The other 60% will sit in a trust account until they determine which of the owners gets it.

Answer 2

If the now defunct wellness facility bought your debt to a sequence company, then the sequence company has a criminal suitable to attempt to convey mutually the debt. additionally they have the criminal suitable to evaluate pastime on a similar time as the debt is unpaid. this is the regulation. i do no longer understand how long it fairly is been on the grounds which you incurred this debt, yet whilst the wellness facility isn't any longer in employer, who is going to record the declare now including your insurance corporation? you need to have accompanied up in this once you first knew the bill replaced into no longer paid. waiting this long might forestall you from any components the insurance corporation might in any different case have provided. If the sequence company bought a valid debt, then the credit reporting company won't do away with it out of your credit checklist no count what you do till you are able to artwork out an contract with the sequence company to do away with it in attention of paying the debt. in case you are attempting this, confirm to get the contract in writing through fact sequence agencies are widely used to tell a debtor any lie they might to get their funds.

Answer 3

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Answer 4

i would just leave it. If they send any communication just request them to validate the purported debt. I bet they don't have any paperwork/lease around seeing as they have been changing owners.