The lender can take no actions until they have a judgment against you.
A debtor is any person, or entity, with outstanding loans owed to a creditor.
what are the classifications of debtors? what is the meaning of debtor exceeding 6 months & debtors for the year? how to calculate this?
The percentage paid to unsecured creditors in a Ch 13 is determined by your disposable income. Secured creditors get paid at 100%, house and car payments remain the same. What's left over gets paid out to those unsecured creditors who file proofs of claim. If a creditor does not file a claim, then that creditor does not get paid.
I am assuming you are referring to the debtors CR. In which case the answer is No! The time limit for a debt to be removed from a CR, generally begins six months after the date of last activity on the account.
They can and will.
"debtors" can never repo cars, LENDERS can, even after you make 'arrangements". As long as you are in "default", they can repo.
A person who is owed money is called a creditor.
Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.
A debtor is any person, or entity, with outstanding loans owed to a creditor.
None. You only money to loan to debtors.
within 90 days
goods in transit a debtor(customer) could also be a supplier(creditor)
The moral of the two debtors parable is that forgiveness should be extended to others regardless of the magnitude of their sins. Just as the creditor in the parable forgave both debtors, we should also be willing to forgive others and show compassion towards them.
A possessory lien is the right of the creditor to retain possession of his debtors property until his debt has been satisfied.
A debtor is any person, or entity, with loans owed to a creditor. It is not a crime to fail to pay a debt. Except in certain bankruptcy situations.
An entity (country, corporation, individual creditor) can lend at rate n1 to certain debtors and at rate n2 to certain other debtors.
If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtors.