I receive a phone call and someone said i owe 9,000 dollar from some company 1999 that i Owen do i had to pa

Question

I lost the beuness in may of 1999

and this the fisrt i here about this .that was 9 year ago i don`t even have record for that year now do i have to paid. help

Answer 1

This depends on so many different bits of information that no answer to your current question can help.

First, where do you live and where was the business registered?

Second, what kind of business was it?

Third, How did you lose it?

Fourth, what is the nature of the debt?

Fifth, who is claiming the payment due and what claim do they make regarding it?

Realistically, I'd say you're going to need a genuine lawyer or serious accountant to look things over.

Answer 2

Ignore the call and whatever you do do not acknowledged the debt as yours. Although morally you may be libel legally after this amount of time you are not ...

Answer 3

No. They can try to collect the debt, but if it was not a judgment they cant refile it and cant get a judgment. against you. Its to old. There are several company's out there buying old collection accounts, from Cable, Electric Co's sending out mass mailings hoping to get a sucker on the line thinking they have to pay. They had plenty of time to try to collect from you. Just keep on living and forget about it.

Answer 4

if you owe the money, regardless of if YOU have records or not, then yes you have to pay.

Answer 5

Collectors can't legally restart the seven-year clock by "re-aging" the debt (giving it a new delinquency date) or by selling it to another agency. (The FTC shut down one large collection agency, CAMCO, after charging the company repeatedly re-aged debts in its attempts to collect.)

The other curb on debt collection is the statute of limitations, which gives creditors a certain time period -- in most states, three to six years -- in which to sue you over a debt.

Statutes of limitations vary widely by state, and by the type of debt, according to attorney John Lamb, co-author of "Solve Your Money Troubles: Get Debt Collectors off Your Back & Regain Financial Freedom." States often have different rules for oral and written contracts, as well as for "closed-end" contracts such as installment loans and "open-ended" contracts, which typically (but not always) include credit card accounts.

Answer 6

If you really do have a debt like that to a company then yes, you do even if they are just asking for it now. Just be sure of what is the debt all about and that it is not some people pulling scams.

Answer 7

NOT AT ALL. NOT AT ALL,NOT AT ALL.

YOU ARE NOT RAJA HARISHCHANDRA WHO GIFTED HIS KINGDOM TO VISHWAMITRA IN DREAM AND NEXT DAY MORNING MADE HIS  PROMISE IN DREAM TRUE.

FORGET  THE PHONE CALL. IF THE CALL COMES AGAIN ASK FOR THE PROOF OF YOUR BORROWING.