Amp'd mobile.. do we still owe money??

MY fiance has an amp'd mobile account form over a year ago. They sent us to collections because the bill wasn't paid. Its a long story but they wouldn't give us records of the phone calls so we never paid it. Anyways amp'd mobile went bankrupt last year. Before this happened we got a lawyer to take care of the situation but we don't owe the 3,000 dollars. Now that they are bankrupt and no longer exist, do we still owe the money at all?

Amp'd mobile.. do we still owe money??
When companies go bankrupt, their assets are sold to raise cash to pay creditors. The accounts receivables would be an asset that was sold off to a collection agency. They will come looking for you.





The Statute of Limitations (SOL), the timeframe to bring lawsuit, varies by state but it definitely more than a couple years. This is probably counted as a written contract. Check you state: http://www.fair-debt-collection.com/SOL-...





What exactly did the attorney do? Do you have anything in writing showing that he settled the debt?





Your best bet would be to work out a settlement agreement with the collection agency. They probably don't have complete records and bought the debt pretty cheaply. If they show a $3K debt, you could probably settle for $500 if you pay in one lump sum. Get any settlement agreement in writing and don't give them direct access to your bank account. If this is showing on your credit file, ask for a delete for payment.
Reply:it depends on if the sold the debt


some companies do in order to raise cash


so debt buying companies buy the debt for pennies on the dollar


and then try to collect


but there are SOL and licensing in states for collection issues that usually hamper collection of such debt


but they still try and may re-age the debt to appear fresh





BTW one of the reason amp'd mobile went bankrupt was due to the high rates of young people ( their core target audience ) not paying their bills
Reply:i'm sure somebody bought the company. and whoever did will be contacting you. i owed money to robinson's may. then they got bought out. now i owe macy's money.





and what exactly did the lawyer do? your question is confusing. you could always dispute the account by contacting experian through a letter. there are samples all over the internet. google "credit repair".