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Statute Barred Debt
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Manage episode 446388050 series 3602995
Вміст надано Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
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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