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Do you still owe if the creditor does not cash the check or it was lost?
Wiki User
∙ 11y ago
Yes, you still owe the money if for some reason the creditor does not cash your check or has lost it. The creditor can request a new check.
Wiki User
∙ 11y ago
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If you save your SSI AND NOT SPEND IT WILL YOU GET IT TAKEN AWAY?
If you don't deposit your SSI checks or cash them, then yes the checks can be cancelled and the money would be lost. But if you deposit the money into your bank or cash the check and save the money, then no, the money cannot get taken away.
Is it legal to make a stop payment to a check?
It depends: 1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that 2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
Is it illegal to stop payment on a check in the state of Michigan?
It Depends: 1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that 2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
You Lost your ATM card can you withdraw cash?
you can visit the bank branch and use a cheque or withdrawal slip to withdraw cash.
Why will a business man prefer to carry cheque than cash?
CAsh can be lost or stolen, while a cheque is safe as you only fill it out when needed and need an ID card to cash or use it.
What is the reason to never write a check with cash in the pay to order of line?
It is not a good idea to write a check with "Cash" as the payee because if you or the payee lose the check, anyone could pick it up and cash it, and the bank would not be responsible for the lost funds, since making a check payable to "Cash" essentially allows anyone holding the check to cash it.
In North Carolina can you be sued for credit card debt if you become disabled and have lost everything you own?
Yes, the debtor can still be sued by the creditor regardless of his or her financial status. However, disability payments are protected by both federal and state laws and are exempt from creditor attachment.
What is journal entry for Cash embezzled by an employee 1000?
Lost by theft drEmbazzeled cash drTo cash account
If you save your SSI AND NOT SPEND IT WILL YOU GET IT TAKEN AWAY?
If you don't deposit your SSI checks or cash them, then yes the checks can be cancelled and the money would be lost. But if you deposit the money into your bank or cash the check and save the money, then no, the money cannot get taken away.
Why are checks void after 6 months?
Because that is the rule. If someone does not cash a check paid out to him for that long, probably he has either lost it or does not wish to cash it. So in such cases, to prevent illegal activities (like a stolen check being cashed by a fraudster) there is a validity date associated with each check. In most cases it is 90 days and in some countries it is up to 180 days.
Is lost cash covered by insurance?
Whether lost cash is covered by insurance depends onwhether the insurance policy either says it covered, or says it is not covered.
What should you do after being served to show in court over delinquent credit card debt and will the creditor still accept 30-50 of the balance?
File an entry denying everything in the court case. Than contact the creditor directly and negotiate a proce. Once agreed, set an entry outlining the agreement. If your creditor has already begun a legal proceeding, you have lost a lot of your negotiating position. Can't hurt to ask.
Can your bank track a lost check?
If you have lost a check and it has been cashed your bank can determine where.
Ive lost some of your income taxes do you need to report your income tax losses?
This depends on the situation. If you have lost your whole income tax check, that was uncashed, then yes I would definitely report it to the IRS and they should be able to issue you another one. If you have already cashed it and have lost cash, then unfortuantely there is nothing you can do.
Why do you need a travel check?
Travelers cheques are a safe alternative to carrying cash. By paying a small premium, you are protected if your cheques are lost or stolen. The bank that issued the cheques guarantee the merchant will get paid, even if they are fraudulently cashed, and the bank will reimburse you if they are lost or stolen.
Is it legal to make a stop payment to a check?
It depends: 1. Yes it is Illegal if - you owe someone money and used the check to pay them for that. If you issue a stop payment the check will not be paid and the person to whom you issued this check can legally sue you for that 2. No it is not Illegal if - you have lost the check and want to ensure that whoever finds it cannot cash it without your approval
What are the advantages of cash and credit transactions?
Cash is nice because you don't spend what you don't have. Credit transactions don't require you to carry cash that can be lost or stolen.
