Can a CA sue?

Discussion in 'Credit Talk' started by QUEEN_BEE, Apr 11, 2003.

  1. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    If a CA bought a debt from an OC, can they sue the debtor?
     
  2. jlynn

    jlynn Well-Known Member

    yes
     
  3. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Under what statute?
     
  4. jlynn

    jlynn Well-Known Member

    You starting again???? LOL

    I don't have the statute in front of me, but they own the debt, they could sue under those particular statutes that pertain to debts. :)
     
  5. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    I found this at http://www.legis.state.ga.us/legis/2003_04/gacode/11-1-201.html

    (12) 'Creditor' includes a general creditor, a secured creditor, a lien creditor and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor´s or assignor´s estate.

    Could the red section refer to a debt collector?
     
  6. jlynn

    jlynn Well-Known Member

    yep
     
  7. LKH

    LKH Well-Known Member

    Yes.

    The ability to sue is most likely outlined in the original agreement with the creditor.
     
  8. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    For the GA residents on this board:

    OCGA 18-2-1

    Whenever one person, by contract or by law, is liable and bound to pay to another an amount of money, certain or uncertain, the relation of debtor and creditor exists between them.
     
  9. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    The page where I got the last info I posted sounded like Bk law, let me reread...
     
  10. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Is it a federal or state statute?
     

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