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What is a claim against assets?

Updated: 9/16/2023
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14y ago

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Refund of money,debt,assets,or nay value at time of liqidation

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Q: What is a claim against assets?
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Related questions

A claim against a firm's assets by a creditor?

Networth


Can a Claim against girlfriend assets if noncustodial father resides with?

no


What is a claim against?

Refund of money,debt,assets,or nay value at time of liqidation


Has the lowest claim on the assets and cash flow of the firm?

Common shareholders have the lowest claim on the assets of assets of a firm. They have only a residual claim on the assets and are far below the preferred stock classification.


What is a claim against a firms assets by a creditor called?

liability Contemporary Business 2009 update pg 522


What happens when someone dies and they owe you money?

You can file a claim against their estate in probate court with proof of the debt. If you have proof of the debt and they have assets of value, you must be paid by the estate before any remaining assets can legally be distributed to their heirs. If they have nothing of value, than you have nothing you can claim from them.


What happens to the assets due to an executor if the executor of a will dies?

They become part of his estate. The executor of his estate would file the claim against the first estate.


Can an executor file a claim against the estate in Kentucky?

Yes, an executor can file a claim against the estate in Kentucky if they believe they are owed money or assets from the estate. However, they must act in good faith and comply with all legal requirements and procedures for making a claim against the estate.


How do you claim assets from a parent?

by court order


Can debt collectors make a beneficiary pay the decedents debts?

The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.The creditors can file a claim against the estate and the debts of the decedent must be paid by the estate before any assets can be paid over to the beneficiaries of the estate. If there are no assets in the estate the creditors are out of luck. You should consult with an attorney or other advocate before you pay any debts of the decedent.


What is withdraw of objection to claim?

A Proof of Claim in bankruptcy is a court-filed document that registers a claim against the assets of an estate filing for bankruptcy. Any party in interest can object to a claim for reasons like lack of sufficient documentation or an incorrect claim amount. A withdrawal of this objection can be performed by said party to terminate the objection.


Who has the first claim to the profits or assets of a firm?

a - lenders