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When both parties agree its been paid.

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Q: When is a debt considered paid or resolved?
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Related questions

Does the funeral bill get paid before anything else during probate in Illinois?

It is a valid debt of the estate and must be paid. In many cases a will names that as an immediate debt to be resolved.


What is an account receivable that will never be paid considered?

bad debt


What is an A R account that will never be paid considered to be?

bad debt


What is an accounts receivable account that will never be paid considered?

bad debt


Is VA a state that requires the spouse to pay the medical debt of a deceased spouse?

All states require that debt be resolved before an estate is settled. That means the bills have to be paid before anything can be distributed.


What is short for a debt to be paid?

An IOU, as in I owe you, is short for a debt to be paid


After a debt is reduced by a collector is it settled?

If the full settlement amount offered is paid in full by the debtor, the debt is considered paid. When entering into a settlement of a debt the debtor should obtain all the pertinent data in writing and not agree to anything unless he or she understands the agreement in full.


What are the release dates for Spruceville - 2008 Debt Crisis Resolved 1-9?

Spruceville - 2008 Debt Crisis Resolved 1-9 was released on: USA: 1 August 2011


Is a surviving spouse responsible for a deceased spoues medical bills in the state of florida?

Florida requires that debt be resolved before an estate is settled. That means the bills have to be paid before anything can be distributed.


Is a bad check a considered a debt?

Other than being criminal to write bad checks...as a check is being used to pay a debt (even if the debt just occurred because of the thing you were buying or promise you were making)...and obviously the debt is not paid by a bad check...the debt remains.


How was the state debt finally resolved?

Chuck Norris came and they signed it in fear.


What is an unsecured bad debt loan?

An unsecured loan would be one where the lender is relying on the borrower's promise that the loan will be paid back. There is no collateral involved and that is risky. Bad debt would be considered consumer debt or one that cannot be recovered.