Cryptocurrency Q&A
What happens after an LBA?
What happens after an LBA?
Lucia
Mon Nov 18 2024
|
6 answers
1568
I'm wondering about the steps or processes that occur following an LBA. Specifically, I want to know what happens after this particular event or procedure is completed.
6 answers
Lorenzo
Wed Nov 20 2024
The County Court Claim serves as a legal notice to the debtor, outlining the amount owed and demanding payment.
Was this helpful?
47
48
mia_rose_lawyer
Wed Nov 20 2024
If the debtor fails to respond or make payment following the issuance of the County Court Claim, the creditor may proceed to a trial.
Was this helpful?
365
39
Chloe_martinez_explorer
Wed Nov 20 2024
At the trial, the creditor must present evidence to prove the debt's validity and the debtor's failure to pay.
Was this helpful?
239
61
KatanaSharpened
Wed Nov 20 2024
Once the deadline specified in the LBA has elapsed without any payment being received, the debt recovery process advances to the next phase.
Was this helpful?
326
50
Maria
Wed Nov 20 2024
This subsequent stage involves the issuance of a County Court Claim, marking a formal step in the legal pursuit of the unpaid debt.
Was this helpful?
230
74
Load 5 more related questions
