Just because the credit card company writes off your debt doesnât mean that you are off the hook. A credit card debt write-off does not wipe out your liability for or obligation to pay that debt. It is simply a mechanism used by credit card companies to get bad debts off their books. As a result, debt collectors can still call or sue you to collect the debt even after it is written off.
Pre-Lit Paralegal Definition. Pre-lit, short for pre-litigation, is a subspecialty of the litigation practice area. It consists of all action taken on behalf of a potential plaintiff or a potential defendant before a complaint or petition is filed with the trial court.
What is litigation? by FreeAdvice staff Litigation is the term used to describe proceedings initiated between two opposing parties to enforce or defend a legal right. Litigation is typically settled by agreement between the parties, but may also be heard and decided by a jury or judge in court. Contrary to popular belief, litigation is not simply another name for a lawsuit. Litigation includes any number of activities before, during, and after a lawsuit to enforce a legal right.