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The inability of an individual or entity to pay its debts when they are due?
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What issue does agency theory examine and is it more important in a public or private entity?
The agency theory examines the idea that when one group or individual hires another group or individual and gives them authority, numerous issues will arise between the two parties. This becomes more important in a public entity due to the conflicts between shareholders and the company management.
What is the difference between bankrupt and insolvent?
Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Insolvency is a financial condition experienced by a person or business entity when their assets no longer exceed their liabilities, commonly referred to as 'balance-sheet' insolvency, or when the person or entity can no longer meet its debt obligations when they come due, commonly referred to as 'cash-flow' insolvency.
What can you do if you are sued for credit card debt and are unemployed?
Unfortunately the law does not recognize the inability to pay one's debts due to any sort of hardship. If the lawsuit is valid it will go forward regardless of the person's financial status. If the creditor wins the suit (which is most likely) they will be granted a judgment and will then be able to execute it in the manner allowed by the laws of the debtor's state.
What is a retained earning?
Retained Earnings represent the amount that an entity has increased in value due to Net Income.
The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as?
solvency and liquidity
How do you use the word inability in sentence?
She did not know what the sign said due to her inability to read.
How do you use the word inability in a sentence?
She did not know what the sign said due to her inability to read.
How many suicides are due to IRS?
I have no clue, but I think about suicie from time to time due to the enormous debts, including tax debts.
What is a good sentence for inability?
He was unable to finish the task due to his inability to distinguish blue and green. The inability of the team to win was their downfall. Inability to read is going to make it difficult to find a job.
What are accepted reasons for bankruptcy?
There is only one acceptable reason for c. 7 bankruptcy: inability to pay your debts when due. You have to show you do not have or expect your income to change, and you you do not have enough excess monthly income to allow you to file a c. 13 instead.
Can a felon receiving SSI receive housing subsidy?
Felons and non-felons qualify for SSI under the same policies. If your inability to work is due to a disability, then you have the same chances as any other citizen. If your inability to work is due to your inability to find work due to your conviction, you do not qualify for SSI.
What issue does agency theory examine and is it more important in a public or private entity?
The agency theory examines the idea that when one group or individual hires another group or individual and gives them authority, numerous issues will arise between the two parties. This becomes more important in a public entity due to the conflicts between shareholders and the company management.
What is the difference between bankrupt and insolvent?
Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Insolvency is a financial condition experienced by a person or business entity when their assets no longer exceed their liabilities, commonly referred to as 'balance-sheet' insolvency, or when the person or entity can no longer meet its debt obligations when they come due, commonly referred to as 'cash-flow' insolvency.
What type of error is due to an inability of the lens to focus accurately?
it is the cateqorinth
What type error is due to an inability of the lens to focus accurately?
it is the cateqorinth
How do you prevent a lien being filed on your home due to the inability to pay your credit cards?
You can't. The issue of not being able to pay one's debts due to lack of employment or other hardship is not relevant in the legal sense. The judgment creditor may enforce the judgment under whatever manner is allowed by the laws of the debtor's state.
What is abasia?
Abasia is the inability to walk due to problems with muscular co-ordination.
