Legal Question in Credit and Debt Law in Virginia
old bill
can a creditor from an old acct., 1998, after charing the acct., off and removing it from a credit report still ask for payment
Asked on 12/10/07, 11:40 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: old bill
Of course, the old creditor can ask
for anything she or he wants to; however, whether there is a basis to enforce the claim in law is quite another matter.(Charging off a debt has no legal significance since this is merely an accounting maneuver which removes an item from a company's ledger
of countable assets.)
Answered on 12/12/07, 9:42 am
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