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In general, YES. Depending on your state of residence and the categorization of the debt under that state's law, a debt and/or civil court award regarding such debt may "follow you around" indefinitely (until it is discharged by bankruptcy procedure). Look into the type of legal vehicle for the debt in regards to your state's laws; there may be a statute of limitations for the debt you are concerned about.
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If you claim zero on your taxes will you still owe money when you file?
for best tax return claim 0 at work and when you file claim 1
If you didnt owe money for 2007 but you did owe for past years will you still get a check?
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What happens to my owed back taxes when I retire?
You still owe them. In the US, the IRS has 10 years to collect taxes.
What do firms owe their creditors?
Firms will owe their creditors a debt and usually some type of interest.
What are creditors?
Creditors are people or organizations (companies, councils, tax man etc) to whom you owe money. Bills, people you owe money to
If the creditors repossessed a motorcycle and then DID NOT sell it at an auction do you still owe?
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.
If you claim zero on your taxes will you still owe money when you file?
for best tax return claim 0 at work and when you file claim 1
If you didnt owe money for 2007 but you did owe for past years will you still get a check?
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
Do you list a landlord on the list of creditors in a bankruptcy?
You do if you owe him money. You must include ALL creditors.
Can you place a lien against an executor of an estate in which they owe money to you?
If you are owed money by the decedent you must file a claim with the court during the time period allowed for claims by creditors.
What happens if a dealership goes bankrupt and you still owe money?
The accounts and contracts held by the dealership will be acquired by the creditors of the dealership. Any debts owed to the dealership will then be owed to the new holders of those contracts. Typically, those creditors will turn them over or sell them to a consumer finance company that specializes in servicing consumer loans. Bottom line: you still owe the money, you just owe it to someone else, now.
Do you receive a refund if you owe one of the creditors on your bankruptcy?
No. The debt is simply discharged so you don't owe it.
What is the effect of liquidation on creditors?
When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
