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#976842 - 06/17/08 09:47 PM Right of offset
Many Hats Offline
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Orlando, FL
If I have a consumer loan that has gone into default (only in one person's name)....we are unable to reach the borrower after repeated attempts....and the borrower has a BUSINESS account (with only their name on it) with money in it, can we use it?

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#976844 - 06/17/08 09:51 PM Re: Right of offset Many Hats
Ray_ Offline
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Dallas, TX

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#976847 - 06/17/08 10:03 PM Re: Right of offset Ray_
Many Hats Offline
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Posts: 915
Orlando, FL
Great...thanks!

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#976903 - 06/18/08 01:16 AM Re: Right of offset Many Hats
Andy_Z Online
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Is the deposit and the debt under the same name? If your business is a corp as an example, that is a different entity than John Doe, even though Doe owns the corp. I'm all for the golden rule, (he who owns the gold, controls the rules) but caution is necessary here.
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