Legal Question in Credit and Debt Law in Oklahoma

sued for bad debt

If a finance co won a lawsuit against me and could not collect and they turn it over to a collection agency can the collection agency then sue me again for the same debt?


Asked on 3/01/07, 4:09 pm

1 Answer from Attorneys
Steve Chlouber Fuller, Chlouber & Frizzell, L.L.P.

Re: sued for bad debt

If the finance company obtained a judgment against you, the collection agency is merely collecting on the judgment and must renew the judgment as provided under Oklahoma law every five years or it becomes noncollectable.

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Answered on 3/02/07, 11:26 am


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