Zombie Debt

Comedian John Oliver Explains the Debt Buying “Industry” and Zombie Debt

06/10/16

Late night comedian John Oliver recently offered his unique and humorous take on the debt buying industry, noting that collection agencies are responsible for more lawsuits than any other type of plaintiff, and that many of these lawsuits claim money damages for zombie debt.  Zombie debt is debt that is not legally collectible because the statute of limitations has run.

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How to Ward Off “Zombie” Debt

10/24/11

When debt comes back from the past to attack living debtors, many debtors are unclear on their rights and the statute of limitations in regards to “zombie” debt, or debt typically purchased by debt buyers in which the window of collections has expired. In general, “zombie” debt refers to debt over 10 years old that [...]

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Zombie Debt: What Is It And Why Does It Matter?

07/06/10

“Zombie Debt” is a term that people in my business use for debt that is not legally enforceable. The debt generally has been either paid, settled, or discharged in a bankruptcy.

So how does it happen?

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Zombie Debt: What Is It And Why Does It Matter?

07/06/10

“Zombie Debt” is a term that people in my business use for debt that is not legally enforceable. The debt generally has been either paid, settled, or discharged in a bankruptcy.

So how does it happen?

[more]