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Are there repercussions for someone who 'forgot' to list a creditor due to the debt being incurred under an assumed name?
Wiki User
∙ 8y ago
You need a legal opinion on this question and I can't provide that for you. From a lay person's point, I think the repercussions are that: Forgetting to list any debt in your bankruptcy means that particular was not discharged. Therefore, you would still owe it.
It's very possible. If for the person used a different name with the intent to defraud, that's a criminal offense. For example incurring debt that the person never meant to pay. I don't quite understand how this came about, since lenders go to great lengths to verify the consumer's personal/financial history.
Wiki User
∙ 8y ago
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What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
Distinguish between a debtor and a creditor?
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
What if you receive legal action notice for unpaid bill?
It depends on whom the bill is from, if someone rendered services for you and you signed a contract, if they finished the job then you can go to court, the worst that can happen is the court will order you to pay the bill and if you cannot when you sell any business asset the money incurred from sale will go to your creditor.
Can someone filing for bankruptcy list their landlord as a creditor if they are behind on their rent?
Yes
What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
What is a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
Distinguish between a debtor and a creditor?
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
Why are there no repercussions for people doing hair out of their homes with no buisiness licsence?
There can be repercussions. If someone operates any type of small business they are supposed maintain a license for doing business in that county.
Is there any repercussions if someone brings up a reason for a couple not to be married?
If the reason is valid, yes there are
Can someone file judgment on someone who filed bankruptcy and had it discharged 1 year ago?
It depends on whether that creditor was listed on Schedule F at the time of the filing. The filing of Bankruptcy (BK) doesn't in itself wipe out the debt: that debt must be listed on the list of creditors. If a debt was discharged under BK then the creditor(s) on the list of discharged debts cannot take any action against the Debtor: IT'S GONE FOR GOOD! That's what BK is for-- to give a fresh start. If the creditor was such at the time of filing and the debtor forgot to include that creditor on the list, he may be able to later add it on and have that debt also discharged. Now, if the debtor has since incurred a debt after the BK was discharged then that creditor can take action against the debtor.
Where can someone learn the repercussions of being a High School drop out?
The Do Something Organization's primary goal is to open the minds and eyes of young adults to see what the repercussions would be for them in the future if they were to drop out of High School.
What if you receive legal action notice for unpaid bill?
It depends on whom the bill is from, if someone rendered services for you and you signed a contract, if they finished the job then you can go to court, the worst that can happen is the court will order you to pay the bill and if you cannot when you sell any business asset the money incurred from sale will go to your creditor.
You are 18 years old can you fight someone below your age without legal repercussions?
no, they are a minor, you are legally an adult
Can someone filing for bankruptcy list their landlord as a creditor if they are behind on their rent?
Yes
What is the difference between investor and creditor?
A person who invests money in order to make a profit is an investor. A creditor is lender of the funds, to whom someone owes a loan.
