The State of MI is holding my refund because of a judgement, how long can the debt be collected on?

Wantsome Respect Asked:
The Say of MI is holding my refund because of a judgement, how long can the debt be collected on?

I just received a seizure letter in the mail from the Michigan treasury office of a seizure andthey keep my say refund. How long can a mortal come to me for a debt I owe? I paid nothing about the debt, the last time I had something with the mortal of my former divorce lawyer in the summer or October 2003, it is now 13th February 2009. Any help would be nice here danke.Ok more details she gave the ruling 12 / 11/2008, I was never served nor had a warning. I took the letter from the say today, the Disclosure Date 16/02/2009. Is it doable that this will expire after 6 years (that’s what MI as the laws for debt collection when I googled it), even though this has been brought against me, she asked about me, never finished my divorce and I was from the beginning to intimidation. I had another lawyer to do my divorce in 2006 for 1500 €. The decision is about $ 6000 and it was never completed. At that time the ex-lawyer divorce was struck me as a customer in 2003 as it can collect anything? I think she wanted me or something then sleep, lol.

Best answer:

Answer by Jss
By law, the IRS has the dominance to collect outstanding federal taxes for ten years from the date your liability is due.
for MI check at say web site.
Read http://taxipay.blogspot.com/2008/04/list-of-articles.html

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Ive received a letter about discharging a debt over $600 using section 6050p of the IRS code. Am I in trouble?

Julie S Asked:
Ive got a letter from a debt over $ 600 with 6050p section of the IRS code. Am I in trouble?

This financial instution has been trying to get us to pay for something that I thought we had paid up. We were never contacted until 3 or 4 yrs later, after this place of business either got sold or changed hands. The place called us sereval times to get their money. I told them that the bill was paid. This instution was a loan company. I told them I wanted a bill or a copy of everything that we paid. They never sent it. They called again about 6 months later and I repeated myself again about I wanted a copy of what we had paid. Now they have sent me this thing for the IRS. Something about section 6050P of the IRS code requires that they report the discharge of any debt over $ 600. Are they going to hijack my taxes or what
Best answer:

Answer by Judy
No, you’re not in trouble with the IRS, but you’ll have to pay income taxes on the amount discharged. If you’re sure you already paid it, go back through your records and try to find proof.

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Uhoh – Judgement Recovery Training

Thinking judgement recovery training course? They look like a great option, yes?.|Judgement recovery training courses sure are drawing serious attention..|No doubt judgement recovery training courses are becoming a mainstream business option.|We know judgment recovery training courses are hot right now.|Money from judgement recovery business course? Seems like a good idea.}
Unfortunately, the say of the economy is hurting judgement recovery attempts.
First off, you are trying to collect debt. As a debt collector, you are limited by the say as to what you can do. Secondly, you are finding debt and then trying to track down the person. Unfortunately, you won’t get paid unless they have an quality to collect against. Look around. Not exactly a lot of assets out there to attach to.
You do not want to jump on just anything. There are systems that work out there.
If you think about it, the answer is easy and straightforward. Go after money already collected and make a deal to return it.

 

Where debts exist against the money, use that judgement to make a claim for the funds. If there is no lien or judgement to go after, then make a deal with the individual for a huge cut of the monies.
All it takes is a tiny knowledge. A tiny direction will show you where to find the money.
These monies can be found right at your local court house. The highest balances are in estate unclaimed funds and excess proceeds.
These overbids or surplus proceeds come into play when a home sells for more at auction than the bank is entitled to keep. This can also be a result of monies from tax foreclosures carried out by the county to collect overdue or unpaid real property taxes.
Liens in place at the time of the foreclosure auction are entitled to this money unless they have expired. And if no debt against the money, the owner foreclosed upon can also be the rightful owner. Unfortunately, 2nd mortgage or equity line mortgage debt has changed hands over and over, so they don’t get the notification. Judgement or lien holders go out of business or move without notifying the court of their new address. The owner prior to the foreclosure doesn’t hear about it either. The court in its infinite wisdom usually sends a letter to their foreclosure address.
So the money is just sitting there. And because the court doesn’t do title work, it doesn’t determine the ownership. So the monies are not listed on unclaimed money web sites.
Estate money has a similar situation. The court attempts to contact heirs at incorrect locations. Also, if the money was place into trust with the court when the entitled heir was a minor, it has to be held with the court. As you can imagine, the court loses track of these folks all the time.

 

You don’t have to worry about finder or locator laws because of the way the system works. This incredibly lucrative program can make you stupid money.
Don’t do judgement recovery business training courses. Select the program that is making people astounding money.
Head on over to either of the two links after this to get further info & to begin up right away–

 

judgement recovery business

or else hit this link…

 

how to purchase foreclosures

Man’s quest is always for adequate self-confidence to be himself.

Why Judgment Recovery Training Sucks

UHOH – Judgement Recovery Training

I have a friend who filed bankruptcy and got thousands of dollars of credit card debt discharged?

red Asked:
I have a friend who filed bankruptcy and got thousands of dollars of credit card debt discharged?

What happened to all that debt?

Best answer:

Answer by discowu
Bankruptcy essentially means telling the court that you are absolutely unable to pay back the sums that you owe. The court either divides up your remaining assets to pay your creditors, or reorgnizes the debt to make it easier to pay. Debt that ends up being discharged basically means it is wiped out. Your friend will probably never have to pay it. However, the bankruptcy as a whole will reek havoc on his credit rating, making it near impossible to get loans for quite some years.

What do you think? Answer below!

Q&A: credit card judgement question?

g Asked:
credit card judgement question?

My husband has a credit card verdict against him, that we are monthly payments. We live in NC and sell our house. If this ruling to pay before we move? We were never told that we have a lien on the house. I’m just not sure whether to pay judgments before the home can be sold. The home is as cosignor in my study as primary and my husband.

Best answer:

Answer by p_borino
if there isn’t a lien on the house, you can move. But you must notify the credit card company of the change of address.

What do you think? Answer below!

what can credit card companies take if they get a judgement against you for unsecured debt?

jim s Asked:
what can credit card companies take if they get a judgement against you for unsecured debt?

My mom broke up Quite a bit of credit card debt is 75 years old and can not pay. What are their options?

Best answer:

Answer by Jelly Bean
Credit card companies can't take her social security for an unsecure line of credit even if they have a judgement. She really needs to file bankruptcy.

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Bankruptcy or Debt Negotiation ? What is Better ?

Outline: What Are You Looking For?
Bankruptcy Facts:
Avoid Foreclosure
Stop Wage Garnishing
Be Debt Free
Stop Creditors From Contacting You
Chapter 7 and 13 Optional
Alternative To Debt Relief
Helps To Stop Repossession
Interest-Free Debt Repayment Plan

Click here for Free Bankruptcy Evaluation

Debt Negotiation Facts:
Free No Hassle Quote
Reduce Credit Card Debt 40-60%
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Alternative To Bankruptcy
Save More Vs Credit Counseling
No Home Required
Credit Cards, Medical Bills, & Personal Loan Settlements

Click here for Free Debt Negotiation Evaluation

What is better, bankruptcy or debt negotiation?

Bankruptcy and debt negotiation are the two main ways that debtors use to get out of debt. If you file for bankruptcy, you will be fortified from your creditors, and might be healthy to get away from paying your debts. However, there are drawbacks. Firstly, if you have assets like real estate, these might be seized by creditors to pay off your debts. Next, you will receive a massive negative impact on your credit report in a bankruptcy. In a bankruptcy, the entire legal action will be recorded and consequently your credit report will be devastated. This means that you have no access to loans hereafter and it will take you many years before you can restore your credit ratings.

On the other hand, you discuss your dire financial circumstances to your creditors, in a  debt negotiation, convincing them than it is in their interest to accept a lesser amount as settlement since they will get nothing if you file for bankruptcy. Whether you succeed in negotiating your debt will depend very much on your negotiation capability or that of the professional counselor you hire. You could anticipate to eliminate 60% of your unsecured debt if the negotiation is executed well.

However, if you have a very massive debt, or a non dischargeable debt that causes so much stress that it interferes with your capability to work, parent, or sleep, then you should think about filing bankruptcy.

Bankruptcy or Debt Negotiation? Which is better?

Can I finance a motorcycle after a Chapter 7 bankruptcy discharge of debts.?

Question by Aldo3:
Can I finance a motorcycle after Chapter 7 bankruptcy debt.?

I want to get this Harley Davidson on a payment plan, but also to rebuild my credit rating. Can I go out now right after my current Chapter 7 discharge of Debts and buy this motorcycle. Will I get into any trouble with the Court, trustee or the creditors. Am I granted to do this or I have to move a while before I make any major purchases.

Best answer:

Answer by greeter7
If you had been smart to start with you would know. If the Chapter 7 has NOT been finalized you will get in trouble with the Court.

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Can credit card judgement garnish content bank deposit box

Lisa T Asked:
Can credit card judgement garnish content bank deposit box

Best answer:

Answer by mister ed
well never heard of it but if they can speak a judge into it — it is very possible!!!

Give your answer to this question below!

how much time can I stall before paying off a judgement debt?

Question by valsheme@sbcglobal.net: how much time can I stall before paying off a judgement debt?
the court ordered me to pay someone for a debt. When do I need to begin making payments. What is the lowest I can pay without further recourse???

Best answer:

Answer by wad963
Well it depends on your say but in general it is the mortal who sued you that must enforce the judgement. If you do not want your consequence garnished or a lien on your property you should pay. Otherwise you can sit and move for them to take action.

Give your answer to this question below!

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