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Can my creditors take money from my son savings accounts where I a a custodian?
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If you are not paying your creditors will you lose the money in your bank accounts in the bankruptcy?
Yes, once the bankruptcy is filed checking and savings accounts become part of the debtor's assets and the accounts will be "frozen" until the trustee determines the amount of funds that are not exempt under BK law and can be seized to pay creditors.
Where can money market savings accounts be found?
Money market savings accounts can be found on online investment sites. Money Market accounts are a type of investment with certain benefits over a savings account.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is the money owed to creditors called?
Accounts Payable
What do banks do with some of the profits they make by loaning out the money in their customers savings accounts?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
If you are not paying your creditors will you lose the money in your bank accounts in the bankruptcy?
Yes, once the bankruptcy is filed checking and savings accounts become part of the debtor's assets and the accounts will be "frozen" until the trustee determines the amount of funds that are not exempt under BK law and can be seized to pay creditors.
Where can money market savings accounts be found?
Money market savings accounts can be found on online investment sites. Money Market accounts are a type of investment with certain benefits over a savings account.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is the money owed to creditors called?
Accounts Payable
How are money market savings accounts different from traditional ones?
Money market accounts are typically tied to a stock that can rise in price. Regular savings accounts are not.
What do banks do with some of the profits they make by loaning out the money in their customers savings accounts?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
What kind of interest could I get on money market savings accounts now?
You can get below 0.1% of interest on money market savings accounts now. You can ge the rates at www.PersonalSavings.AmericanExpress.com or www.citibank.com/savings
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
What kinds of savings accounts are available to be opened at Capital Federal bank branches?
Capitol Federal Bank offers seven different options for savings accounts. These include Statement Savings, Money Market Select Accounts, CDs, Kid's Savings (Blue Bucks), Teen Savings Accounts (Blue Chips, Coverdell Education Savings Accounts, and the Better Savings savings account.
What do banks do with some of the profits they make by loaning out the money in their customer savings account?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
What do banks do with some of the profits they make by loaning out money in their customers savings account?
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
What is a money market account good for?
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
