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The term refers to a state's laws that appear to offer a debtor who defaults on financial commitments more protection against creditors. The definition of such would depend upon the type of debts, the circumstances of those debt(s) and how the laws relate to his or her situtation.
FYI, There are no community property states that could be defined as "debtor friendly".
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∙ 11y ago
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Which states are debtor friendly?
Texas, Florida, Iowa, Nevada
What is a debtor state?
A debtor state is a state that will not garnish wages or place leans on homes in the case of unpaid debts/bills ! There is not such a thing as a "debtor state" there are states that are considered "debtor friendly" rather than "creditor friendly" meaning that the states have existing laws that favor the debtor rather than the creditor when it relates to bankruptcy and lawsuits for monies owed. This does not necessarily mean that wages cannot be garnished, assets cannot be seized nor liens placed against real property, it simply means the debtor can sometimes avoid such action or can protect a large portion of his or her real and personal property.
If a non-citizen is leaving the US and charges 7000 to Visa card and 500 to JCPenney card will there be any crimial consequences if he returns to US after 7 years?
There are no "criminal consequences" to debts in the United States, regardless of the time frame or citizenship of the debtor. There are no debtor prisons in this country. There are no "criminal consequences" to debts in the United States, regardless of the time frame or citizenship of the debtor. There are no debtor prisons in this country.
Which states are closed to California debt collectors?
None. A creditor can continue collection actions (including a lawsuit) against a debtor regardless of where the creditor is located or the debtor resides.
Is Spain friendly to the United States?
Yes
Non spousal states for debt collection in US?
States where the Spouse is treated as a Third party and a collector cannot disclose the debt if speaking with the Spouse of the Debtor
Were the Cherokee Indians friendly?
Yes, the Cherokee Indians were a very friendly tribe. They were the largest group of Indians in the United States.
What happens when a collection becomes a judgment?
States establish the type and amount of real and personal property belonging to the debtor that can be attached by creditor judgment. In most states a judgment can be executed as a wage garnishment or bank account levy or lien against real property or seizure and liquidation of non exempt property belonging to the debtor.
Where is the cheapest country to live where they speak English and are friendly?
United states
What is a Certificate of holding?
A Certificate of Holding is a document issued by a storage facility to a creditor. It states that the goods owned by the debtor are held by the creditor.
How do you find property of debtors?
Some of the debtor's property will be public record such as real property records at the county recorder's office. Some states allow you to take the deposition of the debtor or submitt written questions that must be answered under oath. You can hire a private investigator to look for assets. The laws of your state may allow additional methods to find the debtor's property.
Can a lawyer collecting a debt freeze a bank acct when the debtor is a signer on the acct not the acct holder?
First, lawyers cannot freeze any account, no one can without a court order, and the debtor would have prior notification before it could happen. Second, anything on which a debtor is signatory that is an asset is subject to attatchment by order of the court, except in those states where such is prohibited.
