a law office called me threatening to take my house because of a debt from a repossessed car about 8-9 years ago. Arent these debts forgiven after 7 years?
2007-08-10 04:46:52 · 4 answers · asked by Javi 5 in Politics & Government ➔ Law & Ethics
Forgiven - No. Unenforceable - Yes
2007-08-10 04:50:20 · answer #1 · answered by davidmi711 7 · 1⤊ 0⤋
How would it be forgiven? They don't just forget that you owe them money. The 7-year thing is if you file bankruptcy and that debt is forgiven or discharged as a result -- it doesn't just automatically happen after you refuse to pay something for 7 years.
Also, FYI, they can't take your house unless they sue you, win (or you don't show up), get a judgment, and file and record a lien on your property. If you get a summons or anything else like that, then hire a lawyer, because they totally can, and will, take your house for a debt like that.
2007-08-10 11:53:53 · answer #2 · answered by Hillary 6 · 1⤊ 2⤋
As long as you dont have any contact with them and dont pay them any money for 7 years they cant bother you. Dont listen to them they are all talk. There just trying to scare and you in to paying the bill. Dont worry about it. Just ingnore them. I would recommend that you change your number, and make sure that this time its a private number so they cant get it out of the phone book. From the time you have contact with them the 7 years start over. Just to let you know. Dont worry they cant take your house, hell you did give them the car.
2007-08-10 11:55:25 · answer #3 · answered by Anonymous · 0⤊ 1⤋
if they reposessed your car generally they would sell it again to attempt to get thier money back, but i would say if they come after u lawyer up and if they by some miracle get your house torch it to the ground before they can get in... say it was an accident thats what my grandma did heh.
2007-08-10 11:51:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋