Zombie Debts – How Debt Collectors are Tricking Consumers
Can a debt come back from the dead?  Yes, it is referred to as a ‘zombie debt’.
Most states have ‘statute of limitations‘ which control the creditor’s or collection company’s rights, including whether they can sue on a debt.
How is a debt revived?

ITT Educational Services, Inc. to Pay $60 Million Judgment for Defrauding Students
ITT Accused of Unfair, Deceptive and Abusive Acts or Practices

From: New York Post
By: John Aidan Byrne
https://nypost.com/2019/08/11/bankruptcy-filings-rising-across-the-country-and-it-could-get-worse/

From: Business Insider
By: Hillary Hoffower
https://www.businessinsider.com/more-baby-boomers-in-debt-filing-for-bankruptcy-2019-8

from Courthouse News Service
https://www.courthousenews.com/nyc-cap-on-ride-hail-vehicles-made-permanent/

.Part I of this short series on real estate transactions (read it here) talked about the title to the property. We saved title insurance for Part II. It’s its own animal.

.Part I of this short series on real estate transactions (read it here) talked about the title to the property. We saved title insurance for Part II. It’s its own animal.

Can Bankruptcy Help Stop Repossession? Bankruptcy and Auto Repossession