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.
litigation (ËlÉªtÉªËÉ¡eÉªÊÉn) n 1. (Law) the act or process of bringing or contesting a legal action in court 2. (Law) a judicial proceeding or contest. litâ¢iâ¢gaâ¢tion (ËlÉªt ÉªËgeÉª ÊÉn) n. 1. the act or process of litigating: a matter that is still in litigation. 2. a lawsuit. [1560â70; < Late Latin]