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Can mmv muffins creditors force maria and marurine vanuta to turn over their personal savings and sell their home to pay the detb?
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Can creditors garnish my savings account?
Yes
What is the primary difference between a business and a personal savings account?
A business savings account his connected to a business. While a personal savings account is connected to an indvidual.
What type of savings accounts does Pioneer Savings Bank offer?
"Pioneer Savings Bank offers two different kind of savings accounts. For buisness or personal. Personal saving accounts include, Statement Savings, where you can recieve an atm card, and a Passport Savings, where you can only view it online."
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
Who are sundry creditors?
Those who are members of a Cooperative Society was told that unclaimed dividened of their savings during the annual AGM will classify as Sundry Creditors and shall not be allowed to accumulate the dividened out into their account. Is this the right term to use?
What are the benefits of retirement plan services over personal savings?
Personal savings can be a source of income for you during retirement, but may not offer the tax advantages or growth potential of some other investments. The advantage of personal savings is that it can provide you with cash to help meet day-to-day financial needs.
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
If your only income is disability do you have to pay creditors?
yes. There are limits to how much of your disability income can be used, like there are limits on just about any type of income that can be seized, but it is available to creditors. It may be garnished too. And of course, if you have assets, (house/car/stocks/savings, etc) those may be taken to pay creditors too.
Would you use savings money to pay off debts?
It depends on how much I have in savings. If I only have $100 and I have to pay $1000 to my creditors, I would still have $0. I would try to save a little bit from each paycheck and whatever I think it is a certain amount to lose then I will have a big savings account
Does inflation make us poorer?
Inflation reduces the value of your savings (if you have savings) but it also reduces the value to your creditors of the money you owe them (if you are in debt) so it may make you poorer, or it may make you less poor, depending upon your circumstances.
Who has F&Qs about personal finance savings online?
Market Watch is a website that could help you with this: www.marketwatch.com. They have a lot of useful information on personal finance savings to help people who can't afford a financial advisor.
When is the acquisition of personal debt economically wise?
The acquisition of personal debt is wise if it results in long-term savings and security.
