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 is a court process that, ideally, ends up with a resolution for a lawsuit. A settlement resulting from the litigation is money that is paid to the party bringing the suit in return for damages and based on the decisions of the court.itigation is a court process that, ideally, ends up with a resolution for a lawsuit. A settlement resulting from the litigation is money that is paid to the party bringing the suit in return for damages and based on the decisions of the court.