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What happens to savings and CD accounts during bankruptcy that have your name on them if they belong to another person and you actually have not inherited them yet?
Wiki User
∙ 18y ago
If your name is on any account or CD, it is an asset of your bankruptcy estate. If the money cannot be exempted, then it can be siezed by the Trustee. However, if these are funds that are held in a Trust or become yours only upon the death of the holder of the funds, then they may not be reachable by a Trustee. If the person dies within 6 months of your bankruptcy filing date, then the money will have to go to the Trustee.
Wiki User
∙ 18y ago
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What is another name for temporary accounts?
Nominal accounts
Is Accounts receivable is the opposite of accounts payable?
Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company
When accounts are purchased by another lender which do you list when filing for bankruptcy?
You list the creditor or collector of the last notice your received. For example if you received a collection notice from an agency for a debt from Capital One you list it in that form. XXX agency for Capital One acct.
The buyer who purchases and takes ownership of another company's accounts receivable is called a?
The buyer who purchases and takes ownership of another company's accounts receivable is called a factor.
What is accounts payable considered on trial balance?
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
What is another name name for an inherited characteristic?
INHERITED CHARACTERISTICS
What is a another word for inherited?
Received.
Does having a bankruptcy dismissed restart the statute of limitation?
Having a bankruptcy dismissed does restart the statute of limitation on a bankruptcy. You will have to wait eight years to file another bankruptcy.
What is another word for Bankruptcy?
Synonyms for Bankrupt:BrokeDestituteDepleted
What is another name for temporary accounts?
Nominal accounts
Any class may be inherited by another class in the same package?
false sealed classes cannot be inherited
Is Accounts receivable is the opposite of accounts payable?
Accounts Receivable = money owed to YOU by another person or companyAccounts Payable = Money YOU OWE to another person or company
How long after a chapter 7 bankruptcy can you file another chapter 7in the state of Tennessee?
Bankruptcy is Federal jurisdiction, therefore, the state has nothing to do with it. Usually, when you file bankruptcy, you cannot file for another 7 years, Period. No matter which state you live in.
What if you have a home that you are renting can you buy another home after bankruptcy?
maybe
Where can you get your bankruptcy discharge paper?
In most cases it will be sent to you by the bankruptcy court. If you need another copy or have not received your discharge papers when you believe you should have then contact the bankruptcy court to obtain them.
When accounts are purchased by another lender which do you list when filing for bankruptcy?
You list the creditor or collector of the last notice your received. For example if you received a collection notice from an agency for a debt from Capital One you list it in that form. XXX agency for Capital One acct.
You live in Evansville Indiana and with the new bankruptcy law how long do you have to take consolidation classes before you can file bankruptcy?
There are actually two classes you need to take. There is a credit counseling class that you must take within the 6 month period prior to filing for bankruptcy. You must also complete another financial management course within 45 afters after your Meeting of Creditors.
