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And some states also allow judgment liens on the debtors personal property -- things like jewelry, art, antiques, and other valuables. In Arizona, a judgment lien can be attached to real estate only (meaning a house or similar property).
Laws vary from state to state, but in general, you can be put in jail for debt in the following states: Arizona. Arkansas. California.
Arizonas list of exempt assets, which is available to Arizona residents, includes: Homestead: Debtors equity interest in real property (e.g., house, condominium or cooperative, mobile home) in which debtor resides, in the amount of $250,000 [A.R.S.
Taking action means they send you court papers telling you theyre going to take you to court. The time limit is sometimes called the limitation period. For most debts, the time limit is 6 years since you last wrote to them or made a payment.
In Arizona, your statute of limitations clock begins when the creditor accelerates the debt, or demands payment in full. The statute of limitations on written contracts, which includes most debt, is six years.
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However, in Arizona, creditors and collections agencies may pursue legal methods to collect any debt you owe. They must first file a lawsuit and appear in court, but if theyre granted a judgment against you, the state of Arizona gives them the right to pursue the following actions: Garnishing your wages.
The Arizona Supreme Court provided some guidance here as well. The Court held that if the consumer makes a payment that brings the past due amounts current, then the statute of limitations does, in fact, start again.
There is no clear statute regarding limitations for a lawsuit to collect a credit card debt in Arizona. At least two relevant statutes may be applicable in this state: One for open accounts (three years from default) and one for written contracts (six years from default).
DO THE ARIZONA BANKRUPTCY EXEMPTIONS APPLY? Vehicles. Homestead. Retirement/Pension. Tools of the Trade. Household Goods and Furnishings. Money in One Bank Account. Jewelry. Social Security.
For closed installment accounts, the statute of limitations runs 6 years after the final payment date. For open accounts, such as credit cards, the statute of limitations begins 6 years from the first uncured missed payment, whether or not there is an acceleration clause.

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