Jonah is awesome and he knows it
It means your property (real estate) is no acting as collateral for the loan that you took out. Secured loans have collateral attached, such as a home or vehicle which the lender can reposses if you don't pay. Unsecured loans have no collateral (such as credit cards), therefore if you don't pay, all the lender can due is sue you in court.
None. See: http://www.dol.wa.gov/vehicleregistration/usetax.html * If you can provide proof that the person who gave you the vehicle or vessel paid sales or use tax on the vehicle or vessel, no use tax is due. * If the person who gave you the gift owned the vehicle for 7 years or more and is from a state or province with sales tax, it will be assumed that tax was paid and no proof is needed. * If the vehicle or vessel is coming from a state or province without sales or use tax, use tax is due.
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
A collateral bond is a type of bond that is secured by physical assets or property. These assets act as collateral and can be used to repay bondholders in case the issuer defaults on the bond. Collateral bonds typically offer lower risk for investors due to the added security of the collateral.
The sales tax due is $1.80
If it cannot get the loan refinanced, then the lender could file a lawsuit and/or (if secured by collateral) take the collateral.
Yes, 6.25 percent sales tax on any vehicle purchased in MA is due within 20 days from anyone not registering in MA, to avoid penalties and interest.
You don't file bankruptcy "on your vehicle." You file bankruptcy to discharge all your debts. You don't get to pick and choose which creditors. But, secured creditors either have to continue to be paid or you have to surrender the collateral, in which case the balance due on the secured note would be discharged.
No.
Though your right in the sense that there is only PST charged in Alberta, where there needs to be some clarification is that it is not due to HST that we are paying more tax on vehicles in BC. This is a myth. In fact, (and especially in new vehicle purchases) both PST and GST were charged on vehicle purchases anyways.
nothing
Sales returns account are balanced and closed against actual sales for the amount of sales returned by the customers due to any reason.