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What do firms owe their creditors?
Firms will owe their creditors a debt and usually some type of interest.
What are creditors?
Creditors are people or organizations (companies, councils, tax man etc) to whom you owe money. Bills, people you owe money to
What is the effect of liquidation on creditors?
When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.
Can you sue a creditor for taking money out of your account without your consent?
You can't if you owe the creditors
What happens if your car loan is approved but you still owe the dealer money?
You will have to prove to the dealer that you are waiting to get the money. Show the dealer your loan approval documents.
What do firms owe their creditors?
Firms will owe their creditors a debt and usually some type of interest.
What are creditors?
Creditors are people or organizations (companies, councils, tax man etc) to whom you owe money. Bills, people you owe money to
If the creditors repossessed a motorcycle and then DID NOT sell it at an auction do you still owe?
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.
Do you list a landlord on the list of creditors in a bankruptcy?
You do if you owe him money. You must include ALL creditors.
What happens if a dealership goes bankrupt and you still owe money?
The accounts and contracts held by the dealership will be acquired by the creditors of the dealership. Any debts owed to the dealership will then be owed to the new holders of those contracts. Typically, those creditors will turn them over or sell them to a consumer finance company that specializes in servicing consumer loans. Bottom line: you still owe the money, you just owe it to someone else, now.
Do you receive a refund if you owe one of the creditors on your bankruptcy?
No. The debt is simply discharged so you don't owe it.
If you didnt owe money for 2007 but you did owe for past years will you still get a check?
i think if you don't owe taxes for 2007,but owe taxes on prior years you should still get a stimulus check as long as you are making monthly payments on what you owe.
What is the effect of liquidation on creditors?
When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is chapter 7?
Chapter 7 bankruptcy protects you from creditors and sells your non secured assets to pay the creditors that you owe. If you do not own an assets, you will not have to pay the creditors and the debt will be forgiven.
How do you find the amount that i owe each account on an account payable?
Contact your creditors.
