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Confused about debt laws?
Car repossession back in 2004. Difference in payment amount sold is around $4,000. Summoned to court, nothing came out of it. Just ended up having to met with the legal assistant and explain that I couldnt pay it long story Was told that it was fine, but interest would still be applied to the bill. Just got a letter saying that it is now $6,000 . Court date was only a couple months ago. Statutes of limitation for debts in my state is 5 years. Can I wait for the time to run out? What can happen?I was summoned to court to explain why I had missed a previous court date for the same thing. I explained to the judge that I was unaware of the original court date and all that was discussed was meeting with the assistant. I know that if you fail to appear judgement is made against you.

What are credit card debt laws for illinois?
I'm in Illinois, and have a creditor calling me to collect a balance of between 2500 and 3000. I literally have nothing to give them and they said that their client would have to look into options. What options would there be for this 'client', since I have literally nothing? I don't own anything except some books, clothes and a domain name. > > I live with friends who provide a house and food. I'm on the illinois link card but that doesn't help a whole lot. I'm looking for work currently.I'm just afraid of possible jail time. And paranoid. > > I don't know what any of the laws are relating to this issue.

Bankruptcy debt laws info?
how much do you have to be debt for bankruptcy

Debt laws and regulations in Texas.?
Looking for a place that will explain to me the laws that deal with debt in the state of Texas. Such as, if I dont put anything up for collateral for a loan, can the bank come and take any property of mine to balance out the over due amount. Also, if a place is outside of Texas, like a credit card company, do I have to follow the laws of their state, or do they have to follow mine? An example, I owe on a credit card like $7000.00, and thats just because of all the late fees and overage fees. I was paying on it, then noticed that everytime I would make a payment, it would take like a couple dollars off, and I would be paying like $50 a month So needless to say, I stopped paying. Anyways, Im really just concerned about anyone what so ever coming and seizing any of my property to help repay the debt I owe. I was told that they cant take me to jail, I heard they can take me to court if it ever comes to that, and with something like a balance of $7000 on a loan, that seems to me like they would go for it. I didnt put anything up for collateral though. The only bank loan I used collateral for Im about to pay off. Any help would be appreciated, Im just a little paranoid. Thanks.

Debt laws in Tennessee?
Does Tennessee have any laws regarding debt? Do they garnish wages? Will they imprision you. Does any one know if they have any laws for credit card debt that is different from in Pennsylvania. I will be moving to tn shortly.

I used to live i texas now im in Ga What Debt laws to i go by is it were i live or what?
My third party collector call me after 930 pm my time GA and he still thinks i live in Texas so it would be 830 what laws do i go by. texas or GAi have a Texas cell phone still that is what they call.

Cancellation of Debt laws?
How is cancellation of debt supposed to be reported to credit bureau? If taxes have been paid from reported 1099 c to the IRS by a consumer, can a business still report the account s as a collection past due on the consumer's credit report? Is there law statute on this and where can it be found on the Internet?

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