Discovered check: Tips for the issue, for those who receive
Discovered check: Tips for the issue, for those who receive
After trying to explain what a bad check we will see the consequences for those who deliver and what is the receiver. The tips to disentangle between laws and duties related to a bad check.
A check when you say "discovered"
For a definition of duty bad check is essential to focus on the causes that make this way of payment of discovery and therefore not "payable". If there recassimo Bank in delivering a check, to our knowledge, discovered not receive the equivalent in cash or payment of the sum in the account debtor has failed because our funds to your bank account.
A bad check is a payment offense that has a current account in red.
The "consequences" of a bad check
For those who have received a bad check, and the main consequence of interest and the consequent failure to repay: the debtor has no funds to support the amounts which he transcribed on the basis of payment.
For those who have issued a bad check, however, the consequences are serious and severe enough. Being a first offense will likely bear a proceeding by the courts as well as a process of "protest" in the famous inscription insolvency registers, ie the list of Central Alarm Interbank from which is deleted after five years.
Suggest, however, to deepen their understanding of the consequences if we are guilty of having issued a check protested.
Cover the assignment in late? 10% penalty!
We specify, however, that all is not lost for those who issues a bad check if it undertakes to cover the sum due within certain time limits. The final entry in the list of Central Alarm Interbank fact, only after 60 days within which you can pay the debt by going to the Bank and paying the amount on the account.
You must know, however, that since 2006 legislation requires the customer to pay arrears to the Bank of 10% of the sum specified on the check.
You have received a bad check? The advice ...
For those, however, is the victim of a check not covered by the sum due from bank account, there are some useful tips to follow.
1) Presenting the check is due, however, since it allows the activation of all the procedures that will be reflected in our protest with the debtor and the resulting lawsuits.
2) If the Bank does not want to accept the check anyway (it is possible and legitimate), we need to sue us we load the person bringing us by the judicial authorities.
3) 's always good to consult with a lawyer whose aid may be useful in cases where the prosecution is initiated and why, just to have your money, you also get groped by the attachment of property of the person protested.
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