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A creditor - is anyone who has supplied goods or services to a company (but has not yet been paid). For example... A retailer orders 100 bottles of wine... Once the wholesaler despatches the wine - they become a creditor - until the retailer pays for the consignment. The wine remains the property of the wholesaler until the retailer's payment clears the banking system.
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What is the difference between a bondholder and a shareholder?
A bondholder is a creditor to a company whereas a shareholder is a owner of a company.
What is meant by a trade creditor?
is the money currently owed by the company to the suppliers of raw materials and component parts.
What is the first step for debt settlement?
The first step for debt settlement is finding out how much an individual owes, and after that, the following step is to contact the creditor or company. Usually the most effective way of contacting a creditor is to call the company, because it leaves room for questions and takes less time.
Do you have to pay a credit card debt if sold to another creditor during the two years?
it depends on the card and company.
To see a sample of a hardship letter?
sample of letters by liquidators to creditor in case of a company winding up
Is debenture holder a customer of the company?
NO,debenture holder is the creditor of the company
What is mean by Sundry Creditor?
It is the company expenses.
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
How do you pay off a court judgment from a credit card company - pay the court or the lawyer for the creditor or the creditor directly?
You pay the organization/creditor to whom the judgment was granted.
How would you analyze financial position of Company from point of view of an 1Investor. 2 Creditor and3 Financial executive of the company?
How would you analyse the financial position of a company from the point of view of an: (i) Investor (ii) A creditor, (iii) A share holder
What is the difference between a bondholder and a shareholder?
A bondholder is a creditor to a company whereas a shareholder is a owner of a company.
Can you be a creditor and only report on one company?
Yes. There are no laws stating that any creditor has to report to any more than one credit bureau (and the creditor is allowed to choose which one to report to).
Make a simple sentence using the word creditor?
I owned a creditor.The creditor called me. A company you owe money to is called a creditor.
What if the creditor that enters the judgment sells the account to a new company and the old creditor didn't assign the judgment to the new creditor How do you pay off your judgment?
Make your payment to the clerk of courts office in the county your judgment was entered in.
Do you still need to pay a company if you are paying a collection agency for the charged off debt?
No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.
Dose the creditor have to be in the same state as you to be sued?
NO ... in fact the company does not even have to be in the same country in order for you to sue them ...
What is meant by a trade creditor?
is the money currently owed by the company to the suppliers of raw materials and component parts.
