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The bank will keep sending you reminders, but if you still refuse to pay, then the bank or credit card company will take you to court, and then if you cannot pay them in money, they will repossess items from you to the value that you owe.
Or if you still cannot do that, then you may be declared bankrupt, all debts written off, but obtaining any credit in the future (credit cards, mortgages, loands) will prove extremely difficult, nay impossible.
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∙ 14y ago
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What happens if you haven't paid the remaining balance after the repossession?
"remaining balance" as in what you are behind OR the remaining balance due on the loan??
What happens when lease cannot be paid back?
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
What happens to the balance left at the exhaustion of an unemployment claim?
Because all employment benefits are paid from a state unemployment fund, the balance is reserved for any remaining claims.
How do you buy paid vision of Minecraft?
Go onto minecraft.net and make a account then press buy it (through creditcard)In return please check out our channelyoutube.com/neonchargegaming
A statement of money received and paid with a balance?
A statement of money received and paid with a balance is an account.
What happens if an accrued liability for salaries is not recorded?
If an accrued liability is not recorded, then it is not a liability on the balance sheet. Not sure if the employee's could sue - that's a legal question - but if it was paid at a later date then it would be an expense at the time the liability was paid. If you mean to ask - what happens if an accrued liability for salaries is not paid, or is not timely paid - then the IRS can deny the deduction.
Does Minecraft need creditcard?
You can pay a one-time payment of 14.95 Euros whilst it's in Beta, this sum can be paid with any Major Credit Card or PayPal.
What happens if you are 27 and never filed taxes?
You'll end up owing taxes that need to be paid.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
Does paid-in-capital carry a debit or credit balance?
Paid in capital is the liability for business and like all other liabilities it also has credit balance as normal balance
If my balance is paid can my car be reposessed?
no if it is paid it is yours unless, there is a lien on it
Are salaries listed on the balance sheet?
Salaries are part of income statement if paid while if not paid then payable will be shown in balance sheet.
