A debt occurs when one person (the debtor) owes money to another (the creditor). People can get into debt in any number of ways; they receive regular demands for payment of accounts for such things as electricity, doctors' fees, loans and credit cards.
If you, as a debtor, receive an account ask:
- Do you owe the creditor the money?
- Is there any reason why you shouldn't pay the debt?
- Can you afford to pay the debt?
 Prev |
 Next
|
|
| DEBTS | BEFORE COURT ACTION |
Table of Contents
Legislation and Cases
Search The Law Handbook
|
 Printable Version
Glossary of Legal Terms
|
INTRODUCTION :: Last updated: Thu Jul 1st 2010