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Can you lose your home with forty thousand in equity in Florida owing the same amount in debts?
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∙ 18y ago
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What ratios is least useful in a evaluting a company's ability to pay its current debts as they become due?
debt to equity ratio
What are the benefits of Wells Fargo home equity?
Home equity loans from Wells Fargo can help with many types of expenses. Borrowing against the equity in one's home can help finance numerous expenses including home improvement projects, a large purchase or help pay off other debts.
How do you determine the savings or cost of refinancing into one loan a mortgage and an home equity line of credit?
You would need to determine the amount you would be saving with a lower monthly payment.You can also approach a debt repayment firm who would assist you in repayment of your debts in an organized manner.
In Florida what should a daughter do about credit card debt of a deceased parent?
Make sure the executor of the estate is aware of the debts. Those debts have to be resolved before there can be distribution of the estate.
Is the interest on a home equity line of credit tax deductible?
The beauty of a Home Equity Loan or Line of Credit is that interest paid is usually tax deductible* AND you can use the money for any purpose YOU choose - home improvements, consolidate debts, college education, vehicle purchase, or vacations.
Can a home equity loan be used to pay off other debts?
Yes.
How does someone find out their residential home equity?
The amount of equity in your home is found by subtracting any debts on the property (such as a mortgage) from the fair market value of the home. The fair market value can be found by hiring an appraiser, or estimated by looking at sales prices of local houses with similar features.
Who is responsible for deceased spouse's debt in Florida?
The estate of the deceased is responsible in Florida. The executor is responsible for listing all assets and debts. The debts are paid and anything left is distributed.
What is up with the liabilities Why companies have generally larger debts than equity?
The short answer: Tax write-offs. Equity is what is left when total liabilities (debts) are subtracted from total assets. A small or very new company may have a very small equity (possibly even negative), while a larger, more established company (like M$) will have a large one.
Assets equal liabilities?
Yes assets are equal to liabilities. As liabilities are source of financing either inform of equity or inform of debt. With help of liabilities (equity+debts) assets are financed.
What are the Advantages and disadvantages of debts and equity finance?
It's possible to raise more money than a loan can usually provide.
What ratios is least useful in a evaluting a company's ability to pay its current debts as they become due?
debt to equity ratio
Are step children responsible for debts of their deceased parent in Florida if they are named in the will?
Step children are generally not responsible for the debts of their deceased parent in Florida unless they have co-signed or guaranteed the debts. Being named in the will does not automatically make them responsible for the debts. It is important to consult with a probate attorney for specific advice on this matter.
In Florida is the surviving spouse liable for debt?
In Florida the estate of the deceased is going to be responsible for the debts. Indirectly, the spouse is going to pay the debts, either by a smaller inheritance or as a beneficiary of the goods and services purchased by the spouse.
What is an offer in compromise?
An offer in compromise allows a person to settle their debts for less than the amount they owe. A good time to pursue this would be when you owe debts of a substantial amount.
What has the author Daniel Oks written?
Daniel Oks has written: 'Wealth effects of voluntary debt reduction in Latin America' -- subject(s): Debt equity conversion, Debt relief, Debts, External, External Debts
What happens if estate cannot pay the debts in Florida?
If possible the estate has to pay off the debts. If the estate cannot do so, they distribute according to a plan as best they can. If the court approves the distribution plan, the debts are ended.
