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Is the primary loan holder's credit affected when a cosigner declares bankruptcy?
Wiki User
∙ 12y ago
CR??? NO. The loan?? Possibility. that's why the lender required you to have a co-signor. Your CR is not very good. They could require you to get another co-signor or demand payoff.
Wiki User
∙ 12y ago
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In bankruptcy can they get into your bank account?
This is why your claim bankruptcy. The automatic stay will stop judgment holders from issuing a levy on goods and chattels. Simply put, no. They can not levy an account from a debtor that is protected under the bankruptcy code.
Are primary card holders credit affected by adding a user?
A Primary card holder's credit will not be impacted by adding an authorized user.
How are stakeholders affected by business closure?
stake holders are affected by business closures as they might not get an intrest back with the money they invested also schools or other suppliers might be realisng on the product, so therefore wont be able to sell the product causing a loss
Who will paid first debenture holders or preference share holders?
Debenture holders will get preference over preference shareholders
What is a dividend rate?
Dividend rate is defined as a % when compared to the face value of a stock. Dividend is nothing but periodic sharing of profit by public limited companies with its share holders. Assuming a stock with a face value of Rs. 10/- declares a dividend of Rs. 5/- per share then dividend rate would be 50%
Who gets paid first banks or employees in bankruptcy cases?
IRS, employees, debt holders, equity holders
In bankruptcy can they get into your bank account?
This is why your claim bankruptcy. The automatic stay will stop judgment holders from issuing a levy on goods and chattels. Simply put, no. They can not levy an account from a debtor that is protected under the bankruptcy code.
What is stake holders?
Is any group or individual who has an interest in or is affected by the activities of a business. It can be internally or externally.
What is the implication of ordinary shares when company is liquidated?
Common share holders during a bankruptcy are "last in line" to receive anything in a liquidation. Here's the order (ignoring creditors such as suppliers, customers, employees, which I don't know where they fit): Senior debt holders Junior debt holders Preferred stock holders Common stock holders - once everyone else's claims are satisfied, the "stockholders" get what's left. Usually in a liquidation, that is nothing.
Chapter 7 bankruptcy dismissed can they still garnish?
Only holders of undischarged debt can come after assets or income after a discharged bankruptcy. Some debts may not be dischargeable in a bankruptcy, such as tax debt. The meaning of dismissed is different from discharged, however. A dismissed bankruptcy would be one that did not conclude. In that case, creditors may attempt any legal means to recover what is owed.
Are primary card holders credit affected by adding a user?
A Primary card holder's credit will not be impacted by adding an authorized user.
Your business is going under you would like to pay off the loan which has a personal guaranty before you pay off other unsecured debt holders or vendors is this acceptable?
You can payoff whoever you want and in what order you want to unless you have filed BK (Bankruptcy). At this point the Bankruptcy Court will instruct you and your attorney, who will get what money there is left to pay down debt. Goodluck to you and remember if BK is filed it won't matter about your personal credit score for 7 years, it will all be affected whether you payoff a personally guaranteed loan or not. Sincerely, Val
Brochure Holders?
form_title= Brochure Holders form_header= Keep organized with brochure holders. How many holders do you need?*= _ [50] What size holders do you need?*= {Small, Medium, Large} What color do you need the holders?*= _ [50]
What is meant by cell phone holders?
Cell phone holders are used to dock cellphones safely whether it be in a pursue or attached to a belt loop. They offer easy access to the cell phone while at the same time protecting the phone from external damages from falling or being affected by weather.
Did Solutia stockholders lose number of shares owned after bankruptcy?
I OWNED SOLUTIA STOCK IN 1997 WHEN IT WAS A SPINOFF OF MONSANTO CHEMICAL CO. IN 1997.I STILL HAVE IT NOW BUT WANT TO SELL IT. MY BROKER SAYS IT IS NOT WORTH ANYTHING $0.00. sO WHEN SOLUTIA WENT INTO BANKRUPTCY IN 2003 DID I LOOSE ALL MY MONEY DURING THE BANKRUPTCY? dID EASTMAN cHEMICAL GIVE PREVIOUS SOLUTIA STOCK HOLDERS FROM 1997 ANY MONEY FOR THEIR STOCKS? THANKS ANITA
What is the possessive form for the word holders?
possessive form for the word holders: holders'
What is chapter 7 bankruptcy liquidation?
A Chapter 7 bankruptcy is a "straight bankruptcy" where the assets are liquidated. This differs from Chapter 11 and Chapter 13 bankruptcies, where the company is reorganized. For more information see the related link.
