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Let someone else take over the payments.
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∙ 15y ago
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Can you be sued for the negative equity on a vehicle that is not in your name?
Perhaps if the individual is the person who entered into the lending contract he or she is responsible for any monies still owed after the vehicle is sold. (Whether or not a vehicle is registered in the borrower's name is not relevant.)
How do you compute ROE if there is loss and negative equity?
To compute for ROE if there is loss and negative equity, divide the company's net income by the stockholders' equity. A negative ROE does not necessarily mean bad news.
If there is negative equity on your car when it is repossessed are you responsible for the difference?
It may vary by state, but in most palces you are responsible for the negative equity.
When it comes to equity what does it mean to have negative equity or be underwater?
The amount owed is greater than the car's worth
Can there be a negative Owner's equity on a balance sheet?
yes
Can you trade if you are upside down?
An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.
Under standard accounting rules it is possible for a company's liabilities to exceed its assets when this occurs the owners equity is negative Can this happen with market values why?
It can happen A: I don't think it can happen. let us see... equity = represents your ownership 80% equity = says that you own 80% of the business zero equity = you have no ownership negative equity = ??? Negative equity would just mean that you have no property plus you owe someone else which means its just another liability. So I think its not possible
Is there a type of insurance that covers the negative equity on trading in a car?
No
What if you have negative equity in property bankruptcy?
Yes, you will lose the property but just may escape ahving to pay for the amount of negative equity....and also may avoid the tax effect of the extra debt being discharged (cancellation of debt is taxable income).
How do you apply for an equity loan?
To apply for an equity loan you have to contact a mortgage or home equity lender and see what kind of equity your home has. If your property value has declined it is possible that you could have negative equity.
Is it good if the equity is low or high?
High. Equity is the difference between what is owed and what something is worth. For instance if you owe 5,000 on a car, but the car is worth 3,000 there is a negative equity of 2,000. The less you owe the higher the equity.
How does one go into a negative equity status?
i am holding a baby try it out
