While its name might suggest that it is only found in horror movies, zombie debt is a very real and potentially damaging type of debt for many people. Zombie debt applies to debt that has already been settled in bankruptcy court, is the result of fraud or identity theft, or the underlying debt has already reached its statute of limitations.
In other words, the debt should be considered dead, but a creditor or agency is holding someone liable for the debt and interest payments. When this occurs, the best strategy is to contact the creditor or agency and try to resolve the error. If the creditor or agency does not comply, then the person should hire a lawyer to settle the matter.
If you or anyone you know has been a victim of zombie debt, contact the Milwaukee debt renegotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.