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It will go on your credit report. You probably wont be able to get anything with credit anymore like houses and cars. They will then be able to increase the amount you owe them through fees and charges which will never stop increasing until they are payed off. They could even triple the amount that you owe them.
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∙ 11y ago
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What happens if you dont pay after filing bankruptcy?
Assuming its a chapter 13 bk, if you dont make your plan payments the court will dismiss your bk- allowing creditors to resume collection efforts
What happens to the decedent's debts if there is no money only the home?
Generally, the home must be sold to pay the creditors. If the heirs want to keep the home then they must pay off the creditors.
What happens if your best friend is your enemy's friend too?
I have the same problem but i just dont pay attention to it.
Why do creditors ask for your nearest relatives name number and address?
it makes it easyer to find you if you dont pay your acount.
What happens if you dont pay your taxes?
You go to jail
What if your deceased brother estate does not have enough assets to repay his creditors?
The creditors will just have to write off the debt. You are under NO obligation to pay his bills. They will try to get you to do it, but you don't have to take it on.
What happens if you dont pay for something on very?
If you don't pay for something you download you can go to jail.
What is chapter 7?
Chapter 7 bankruptcy protects you from creditors and sells your non secured assets to pay the creditors that you owe. If you do not own an assets, you will not have to pay the creditors and the debt will be forgiven.
What happens if you dont pay LTD back?
What happens if you don't pay back LTD when awarded SSA disability? I was not aware I had to pay theme pack and the money is spent.
What happens when you dont pay a ticket in Iowa?
You'll probably have a warrant out for your arrest. Good luck it happened to me. Best bet it to goto the police station and just pay it off. No biggy
If your only income is disability do you have to pay creditors?
yes. There are limits to how much of your disability income can be used, like there are limits on just about any type of income that can be seized, but it is available to creditors. It may be garnished too. And of course, if you have assets, (house/car/stocks/savings, etc) those may be taken to pay creditors too.
What is Creditors Collection Period?
The creditors' payment period is an activity ratio. It measures the average amount of days the business takes to pay its creditors i.e. suppliers. The more days available to pay the better.
