mortagesandforeclosures

by Edward Nickles

The only way to keep up with the latest about being sued for debt is to constantly stay on the lookout for new information. If you read everything you find about being sued for debt, it won't take long for you to become an influential authority.

Under small claims and summary cause rules, if the creditor accepts your offer, you will not need to go to court. You can check this by phoning the sheriff clerk's office the day before the hearing date. He came to us and we got his creditors to stop all the interest and charges and accept our payment offers. After two months of being with us we had managed to settle one of his debts for half the original amount. The others are law firms that happen to have a debt settlement service as one of the things that they offer to people.

This could be done three several times, and as it was a fine inflicted by the court it did not in any way reduce the debt for which the defendant was being sued. If you do not pay your debt following court action, a creditor can carry out a bank arrestment. This can be served on your bank, building society or even your credit union account. You may be asked to appear in court but our solicitor will be there defending you. Our solicitors are highly trained in the complicated law of unenforceable loans and will get you the best possible result.

It's really a good idea to probe a little deeper into the subject of being sued for debt. What you learn may give you the confidence you need to venture into new areas.

One telephone call can save all the costs and delay involved in Court proceedings! The Royal Bank of Scotland is allegedly being sued for fraud in the small claims court in Argyll. Ian Hamilton, an 83-year-old motorbike riding QC alleges that the bank fraudulently misrepresented its financial position at the time of its rights issue last year. In effect these measures are a "filtering" process with warrant sales being rarely necessary for those who are able to satisfy the court order.

By now you've probably seen countless articles offering helpful tips on how to cut costs and save money in a recession: Bring your lunch to work! Change your own oil! The other is law firms that happen to have a debt settlement service as one of the things that they offer to people. Unless the claimant agrees to accept the offer (or an improved offer) before or at the hearing, you will have to defend the case.

If you've picked some pointers about being sued for debt that you can put into action, then by all means, do so. You won't really be able to gain any benefits from your new knowledge if you don't use it.

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