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Can you sue a co-debtor for the balance remaining after your repossessed car was sold if the co-debtor was declared responsible for the debt by the court but never paid?
Wiki User
∙ 9y ago
Yes, you can sue a co debtor for at least half of the remaining balance. You would owe part of it as well.
Wiki User
∙ 9y ago
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Is the executor respondsible for debt when there is no money left in the estate?
No. The estate is responsible for the decedent's debts.However, debts must be paid before any property can be distributed. If there isn't enough money in the estate the debts must be paid in the proper order which is set by law in each state. The court appointed executor IS responsible for following the law in the settling of an estate.If there are debts and no estate the estate is declared to be insolvent and the creditors are out of luck.
Who pays outstanding bank loan on personal property which is more than the value of the estate after death in NY State?
The estate is responsible for the debts of the decedent. The property should be returned to the creditor if possible. However, if the assets cannot cover the debts the estate is declared insolvent and the creditors are out of luck.
Can minor be declared insolvent?
can minor be insolvent
Can you file for bankruptcy if the deceased parent's nursing home bills cannot be paid because there are no more funds in the estate?
You don't need to file bankruptcy. Your parent's estate is responsible for their debts. The estate must be probated and their debts must be paid before any assets can be distributed to the heirs. If the debts are greater than the assets in the estate the estate will be declared insolvent, the court will order a scheme of payment from limited funds, if any, and if there is not enough money the creditors are out of luck.You don't need to file bankruptcy. Your parent's estate is responsible for their debts. The estate must be probated and their debts must be paid before any assets can be distributed to the heirs. If the debts are greater than the assets in the estate the estate will be declared insolvent, the court will order a scheme of payment from limited funds, if any, and if there is not enough money the creditors are out of luck.You don't need to file bankruptcy. Your parent's estate is responsible for their debts. The estate must be probated and their debts must be paid before any assets can be distributed to the heirs. If the debts are greater than the assets in the estate the estate will be declared insolvent, the court will order a scheme of payment from limited funds, if any, and if there is not enough money the creditors are out of luck.You don't need to file bankruptcy. Your parent's estate is responsible for their debts. The estate must be probated and their debts must be paid before any assets can be distributed to the heirs. If the debts are greater than the assets in the estate the estate will be declared insolvent, the court will order a scheme of payment from limited funds, if any, and if there is not enough money the creditors are out of luck.
Was Jon Anderson of yes declared bankrupt?
cocain
Any assets remaining after bankruptcy is declared go to the?
creditors
What enables us to use a function that has been declared and defined in source code?
If the function has been declared and defined, then the only remaining issue is scope, i.e. visibility.
When are tybms 6th sem 2010 results going to be out?
results will declared at any remaining Saturday of July month
Does guilty mean yes?
No. Guilty means that the state has declared that you did commit a crime and are legally responsible for it.
Can a parent be responsible for 19 year old girl who has a baby?
They can be if they want to, or if a court has declared them responsible. In most cases once the child is 18, they are no longer the parents responsibility.
When are the CBSE 12-th grade results for 2008 due to be published?
CBSE results of 3 regions was declared on 21 may 2008 and remaining 3 regions will be declared on 23 may 2008. See link below
What happens to new medical bills during bankruptcy?
Those are not included to what you have declared. So, you must settle them and be responsible for them.
What was the second continental congress documents responsible for?
They declared that the Revolutionary War had begun in 1775. The adopted the Declaration of Independence.
Who is responsible for the war between Iraq and the US in 2012?
As of 2012 there is no war between Iraq and the United States, declared or undeclared.
In a Presidentially declared disaster the person responsible for coordinating the overall disaster recovery effort at the federal level is the?
Federal Coordinating Officer
If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
What did it mean to be a Loyalist in the years leading to and through the American Revolution?
A loyalist was an American who remained loyal to the British government after the American colonies had declared independence.
