Legal Question in Credit and Debt Law in California
"I owe someone money and they are claiming that since it is over $500 that it is a felony and that warrants can be issued. Is this true?
1 Answer from Attorneys
Debt collectors are an interesting breed. Debt is common and curable; the consumer unable to pay credit card and other debt is not a felon, and is even entitled to federal protection from unrestrained lenders.
This answer (by San Diego bankruptcy attorney, Asaph Abrams) doesn�t address all facts & implications of the question; it�s general info, not legal advice to be relied upon. It creates no attorney-client relationship; it may be pertinent to CA and/or its Southern District Bankruptcy Court only, and it�s independent of other answers. It may be time sensitive, as in past the �Use by� date: laws and case law change. Hire legal counsel before acting or refraining from bankruptcy/legal action. www.BankonitSD.com
Related Questions & Answers
-
Can a company force me to make automatic payments? Asked 3/08/12, 9:40 pm in United States California Credit, Debt and Collections Law
-
Statue of limitation on credit card debt in California Asked 3/03/12, 6:11 pm in United States California Credit, Debt and Collections Law