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Are utility bills unsecured debts?
== == Yes, utility bills are classed as unsecured debts but if you are struggling with debts then it is important that you class these as a priority debt. If you find that you are in arrears with your suppliers then it is important that you seek debt help and advice as soon as possible. If you do not pay your bills, your supply can be cut off, in this way they are more important to pay that other form of unsecured debts, such as credit cards or store cards.
Can money will to a benefitor be used for estate without the benefitor's approval?
Yes. All debts of the estate must be settled before any money can be distributed. If there are more debts than there are money, no one will inherit anything.
Do you have to pay debts with money received from a life insurance policy?
You may wish to contact an attorney on this issue and I am not an attorney. But here goes. If the proceeds from a life insurance policy were designated to an individual and this person had no liability for the debts then the money would not have to be used to pay debts that solely belonged to the deceased. If the beneficiary of the life insurance policy was the "Estate of Insured" then the debts of the insured would have to be paid from the policy proceeds.
Funds or property that have value in meeting debts are called what?
bankrupt The above is not just incorrect entirely, but makes less tha no sense: The funds and property that may be used to meet debts, (of a bankrupt or not) are called "assets".
How do you prepare an adjusting journal entry to record bad debts expense?
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150
What can be used to cut the governments debts?
taxes
What has the author Vertaul written?
Vertaul. has written: '[Debts of nations, distinguished from the debts of governments' -- subject(s): Debts, Public, Debt, Public Debts
Why did congress lack the money to pay off the governments war debts?
never using this agaon
What was an effect of the termination policy?
The government cut off aid to tribal governments for services such as education and health care
In what two ways has congress used its taxing power to increase the national governments authority?
1. To lay and collect taxes, duties, imposts, and excises 2. Pay debts for common Defense and gerneral welfare
Bankruptcy does it eliminate all bills?
You probably mean debts, not bills. All debts incurred prior to filing AND all assets are reported and used in the BK. Nothing is excluded and all are given priorities by law. Secured debts may have first call on the money received by the asset they are secured by. Assets are used to pay debts. Excess debts may be discharged. Not all assets are used and not all debts aere able to be discharged - generally things like personal/home items, work tools, a reasonable car, etc are not used and debts like child support, court ordered restitution, are not able to be discharged.
What is economic sabotage?
Economic Sabotage is the practice of undermining the economy of a nation. It is a tactic used to pressure governments. The power of the markets is such, that it may be wielded as a weapon to damage the stability a countries economy, raising food/fuel prices, interest rates on international debts and other factors important to an economy. Economic Sabotage can be used against a foreign government to undermine their standing, or by the ruling class to undermine left-wing governments.
Can the government hold your tax refund due to fines?
For debts to Governments, or child support, or gov't insured loans, yes. They don't hold it, they send it to theone you owe.
What is the asset requirement used to determine if you need an estate?
If you HAVE assets or DEBTS then you have an estate. An estate is the whole of ones possessions, debts and rights.
Can you bankrupt your water bill and still stay in your house?
Possibly, but the water company will probably discontinue service to your house. YOU go bankrupt. Not on a bill, or a this or a that. All your debts, and all your assets are included. Generally, your assets are used to pay your debts, with any excess debts being discharged. Yes, water bills are dischargeable debts. If you go bankrupt, your house and/or other assets may be used to pay your debts.
What concept is used in allowance for doubtful debts?
Prudence concept
Are governments angry about the rain forest being cut down?
No they are the ones who are cutting it down. That's why they are not angry.
