answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How do you calculate how many years it will take until a company becomes insolvent?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Are children responsible for credit card balances of a deceased parent in Massachusetts There is a living trust. No mortgage.?

The Uniform Trust Code contains provisions relating to liability of a revocable trust for payment of the grantor's debts. The definition of revocable clarifies that revocable trusts include only trusts whose revocation is substantially within the grantor's control. The trust remains revocable until the grantor's death. Upon the death of the grantor the trust becomes irrevocable and not responsible for the payment of the grantor's debts. Any assets of the estate are not protected from debts, as the now irrevocable trust's are, and must be used to pay debts until the estate, not the trust, becomes insolvent.


What if you sell the car and you have a title loan out on it?

That's illegal. Technically, if you 'borrow' money against your vehicle, the car becomes the property of the loan company until you've repaid the loan. If you sell the car before the loan is repaid, you're likely to land yourself in court !


Who is the owner of Wamu Credit Cards?

The owner of the company WaMu (Washington Mutual) Credit Cards was Washington Mutual Banks, until the company had it's collapse in the year of 2008. Then, the Office of Thrift Supervision took the company.


If you have a judgment on your credit report that was filed almost 7 years ago can a company take you to court again for the same thing?

It's possible. It would depend on state statutes and the type of judgment. Some judgments are renewable and therefore can literally last "forever." Well, until the debt is paid or the debtor becomes deceased (not a very happy option).


Is warner music group publicly owned or privately owned?

Warner Music Group was a publicly traded company until July of 2011 when it was acquired by Access Industries which is a privately owned company. So it is now a privately owned company.

Related questions

What is a logo in marketing?

A logo is usually a pictorial view of text that spells your company's full name with added artwork or abbreviation of your company. A logo stays consistent in appearance (not size) with all advertising until a logo becomes reinvented with a brand.


What events occurred in 1998?

The Winter Olympics occur from February 7th until February 22nd. Google officially becomes a company on September 4th. Its founders are Sergey Brin and Larry Page.


What does bake until set mean?

It's when you bake until the food becomes firm to the touch.


A theory is an accepted explanation of an observed phenomenon until?

Until observations and experiments conflict with the theory


Response repeated constantly until it becomes automatic?

habit


What is a response repeated constantly until it becomes automatic?

habit


How long until a Caterpillar becomes a butterfly?

a few weeks


Are children responsible for credit card balances of a deceased parent in Massachusetts There is a living trust. No mortgage.?

The Uniform Trust Code contains provisions relating to liability of a revocable trust for payment of the grantor's debts. The definition of revocable clarifies that revocable trusts include only trusts whose revocation is substantially within the grantor's control. The trust remains revocable until the grantor's death. Upon the death of the grantor the trust becomes irrevocable and not responsible for the payment of the grantor's debts. Any assets of the estate are not protected from debts, as the now irrevocable trust's are, and must be used to pay debts until the estate, not the trust, becomes insolvent.


Are the surviving children responsible for a deceased parent's debts?

The estate is responsible for paying the debts of the decedent. No distribution can be made until the debts are paid. If there is not enough to pay the debts the court will declare the estate to be insolvent and the creditors are out of luck.


What becomes of the egg 2 days after it has been fertilized?

the egg becomes a zygote, then an embryo, and eventually a fetus until birth.


Can charcoal float?

The simple answer is yes it can float until it becomes waterlogged.


How do you reverse a solid?

Heat the solid until it becomes a liquid or a gas.