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technical ques re: charge offs & timing


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Hi everyone,

just a technical question regarding charge offs, this is the timing:

A. SOL runs on debt in 2002;

B. original creditor charges off the debt in jan 2003, sells to jdc

C. jdc gets debtor to make a payment in march 2003 after sol ran and after charge off;

D. jdc sues debtor for ridiculous amount 5X the original debt (interest & atty fees)

is there anything wrong with this picture? thanks for any help...

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