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Can minor be declared insolvent?
can minor be insolvent
what disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
Who is an insolvent person?
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
What is an insolvent debtor?
Someone who has $0.00 to pay bills.
How do you prove that you are not bankrupt?
If one files for bankruptcy in the United States, you do not have to prove that you are, and you do not have to be insolvent. Therefore, you are bankruptcy in a legal sense if you filed for bankruptcy. If you want to prove that you are NOT bankrupt all you have to show is that you have not filed for bankruptcy. If you meant insolvent, rather than bankruptcy, to prove that you are not insolvent you would have to show that your income exceeded your debts.
Can minor be declared insolvent?
can minor be insolvent
what disadvantage of buying insolvent estates?
An insolvent estate is one with no value to it. The debts are greater than the assets. Therefore, it does not make sense to purchase an insolvent estate.
What sentence using word insolvent?
A bank that can not pay its account holders when they request payment is insolvent.
What is noun of insolvent?
Insolvency
Can a company be declared as insolvent under companies act 1956?
No. It can be wound up. In India, only individuals can be declared insolvent.
What is an antonym fro solvent?
insolvent
Is US bankrupt?
No. Nor is it insolvent.
Is America insolvent?
NO! A sovereign country with it's own currency cannot actually become insolvent in the way that a an individual, a household, or a corporation can.
What is an insolvent estate?
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
Can a company still trade if insolvent?
A company can not still trade while insolvent. If a company does trade during this time the directors of the company can become responsible for the debts.
Who is an insolvent person?
An insolvent person is simpl someone whose liabilities far exceed their assets....they still controll the assets...like the money in a checking account
Can heirs of mothers estate file ensolvency if there is already an administrator?
No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.
