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If it is a no-asset chapter 7, and the company is listed as a creditor with a balance reasonably close to the actual balance as of the date of filing, the company has nothing to do other than taking the debt as a tax write-off.

If it is an asset chapter 7 or a chapter 13, the company should file a proof of claim on the form required by the court withing the time period for filing POCs.

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Q: What type of document does a company file when a notice of bankruptcy is received on behalf of a debtor?
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Can a personal representative on an estate file bankruptcy on behalf of the estate or on behalf of the deceased to avoid paying back taxes?

Estates do not go bankrupt. The assets are inventoried and valued and the debts are listed. The executor proposes a settlement to the court. If it is accepted, the estate is closed.


Who are the parties involved in bank guarantee?

Guarantor– The Bank who gives the guaranteeApplicant– The Company on whose behalf the guarantee is givenBeneficiary– The Company on whose favor guarantee is given


Why is vat collected?

Value Added Tax (VAT) is government applied tax on taxable supplies at different rates most of which is 15% in UK, while lower rate 5% and zero-rate are used as well. Let's say there is a company A,which manufactures cars and sells it to the distributors.Now the company A will charge VAT to distributor and include on the invoice. Now A has simply collected the VAT on behalf of government and has the liability to pay the VAT collected back to government. While the distributor can claim that paid VAT back from the government if the distributor is VAT registered.so by this point, government has actually received nothing,as it returned to the distributor whatever it received from the company A. Now, when the distributor sells the car to end-user, distributor charges VAT to that end-user and collects the VAT again on behalf of government, and pays the VAT collected to the government.As the end-user cannot be VAT registered, so he cannot claim the VAT paid from the government, so the government has now actually received the VAT inflow.


Is it legal to sign for a spouse on financial documents if the spouse is unable?

You need to have a Durable Power of Attorney or you must be the court appointed guardian or conservator in order to sign a binding legal document on behalf of your incapacitated spouse.


A bank received the payment of an outstation bill on behalf of his customer but before the money could be credited to the customer's account the bank failed what is relationship between the bank?

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Related questions

In order to file bankruptcy must you have a bankruptcy attorney?

If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.


If a pastor files for bankruptcy can the church fund be affected?

If the pastor files for personal bankruptcy, no - the church fund can't be touched. If he files bankruptcy ON BEHALF of the church, then any and all funds and assets of the church can be affected.


How do you use the word behalf in a sentence?

I spoke to the company on behalf of my colleague who was unable to attend the meeting.


Who is a technical representative?

A technician employed by a company to do things on behalf of the company.


Is provident fund taxable on behalf of company?

No


A signatory is a person who has done what?

A signatory is a noun describing someone who has signed a document such a treaty, contract, organization, or state, on who's behalf such a document was signed.


What is letters of inquiry?

A letter dealing with document requesting behalf of an organization for own respective purposes.


Is an officers signature on a company's behalf a personal signature of the signer?

No, it is considered the signature of the company.


What does by on signature line mean?

Your question is categorized under Bankruptcy Law. Without knowing the nature of the document to which you refer, it would be impossible to give an accurate answer. A guess might be that the person signing on the 'By' line is either a person (such as a judge) who made an Order of a Court, or a person authorized to sign on behalf of the person who made the Order. If someone signs a letter on behalf of someone else, 'per' is the term most frequently used.


What does by on a signature line mean?

Your question is categorized under Bankruptcy Law. Without knowing the nature of the document to which you refer, it would be impossible to give an accurate answer. A guess might be that the person signing on the 'By' line is either a person (such as a judge) who made an Order of a Court, or a person authorized to sign on behalf of the person who made the Order. If someone signs a letter on behalf of someone else, 'per' is the term most frequently used.


Who After A Voucher Is Created Who Needs To Stamp The Document Signed?

Traveler of NDEA/Clerk acting on behalf of the traveler


What is the proper way to sign on other person behalf?

The best way to sign a letter for another peron is 'on behalf of'.