The company pulled in $18 billion in earnings, grabbing a hold of 93 percent of the handset industryâs total measurable profits, according to a report from New York City-based investment firm Canaccord Genuity.
You have 30 days to dispute the debtâs validity. In the event that you donât dispute it within 30 days, the debt collection agencywill assume that the debt is valid. On the other hand, if you do dispute its validity within the 30 days, the agency must send you verification of the debt.
The executor then has a period of time to decide whether each creditorâs claim is valid, usually about a month. Depending on your stateâs laws, the process of paying creditors can easily take six months, but it usually runs concurrently with the inventory process. Therefore, it might typically be about six months from the opening of probate before creditorsâ claims are settled.