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can minor be insolvent
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∙ 11y ago
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What does declared insolvent mean?
Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.
Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
what disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
How do you avoid paying credit card debt?
* Leave the country * Change your identity * Hide in the backwoods * Die * Be declared insolvent or bankrupt. * Never run up any credit card debt.
What is a synonym for insolvent?
Broke, bankrupt, penniless
Can a company be declared as insolvent under companies act 1956?
No. It can be wound up. In India, only individuals can be declared insolvent.
A minor and his legal position under Indian contract act?
agreement made by minor is void-ab-initio minor can't be declared insolvent rule of estoppel is not applicable on minor minor can be promisee or a beneficiary doctrine of restitution is not applicable on minor
The act of being declared legally insolvent?
bankruptcy
What do you call a legal process to pay the creditors of a corporation declared to be insolvent?
insolvency Bankruptcy
What does declared insolvent mean?
Maybe look at another wedsite Insolvent means you cannot pay your bills, or more specifically, you owe more than you can pay based on your current income.
What does bankrupt mean in a sentence?
"Bankrupt" means that a person or organization is unable to pay their debts and is legally declared insolvent.
Can bankruptcy court get the proceeds of a life insurance policy?
The Bankruptcy Court has every right to claim the proceeds of a life insurance policy once you are declared by them as insolvent.
what disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
Are arbitrators always attorneys?
Not necessarily. Any one of legal age and of sound mind and one not convicted or declared insolvent and one not specifically prohibited to act by any court order can be an arbitrator
How do you avoid paying credit card debt?
* Leave the country * Change your identity * Hide in the backwoods * Die * Be declared insolvent or bankrupt. * Never run up any credit card debt.
What sentence using word insolvent?
A bank that can not pay its account holders when they request payment is insolvent.
What is noun of insolvent?
Insolvency
