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Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
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Another name for debt collectors?
Debt Advisor
What is a ungeared company?
an ungeared company is one that has no debt. taking on debt is referred to gearing because it can accelerate the rate of grow of the company, but obviously the more debt a company has the more likely they are that they can get into trouble as repayments are not usually flexible.
What is another word for liability?
Debt
A what is a good or service owed to another?
Debt
Can a business garnish another business for debt?
A business can't garnish over another business, but if they hire a commercial collection agency to collect the debt, even then the agency can't garnish. When a business debt collection service goes to Court, the commercial debt collection agency can arrange a settlement to "force" the Court to garnish over the debtor. Collection Laws varies in every state
Distinguish Lifestyle of consumer and nonconsumer?
There are many ways to distinguish the lifestyle of a consumer and a nonconsumer. You can for example look at preferences.
Are dividends considered debt?
Not debt, but they are income.
Is equity considered debt?
No it is the opposite of debt.
What is credit card debt considered?
revolving debt
Is having debt good or bad?
To be in debt is usually considered bad.
What is considered a solely incurred debt?
if i need a car and i am in bankruptucy how can i get a letter of incurred debt
Would any part of a 5-year auto loan be considered a current liability?
The portion of payments due in the current period (1 yr) are considered the current portion of long term debt; the remainder would be considered long term debt, though this is difficult to justify, given that auto loans are consumer debt - that is debt that is not tax deductable. The portion of payments due in the current period (1 yr) are considered the current portion of long term debt; the remainder would be considered long term debt, though this is difficult to justify, given that auto loans are consumer debt - that is debt that is not tax deductable.
If you did not put up any collateral on a debt or have a signed agreement to a debt can the debt for any reason be considered secured?
The debt cannot be considered secured. However if you fail to pay, you may have a bankruptcy petition to face which could result in your goods and property being sold to pay the debt.
What is credit cards are considered?
unsecured debt
Is a car loan considered recourse or non-recourse debt?
I think is non recourse debt
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
Are you responsible for your husbands unsecured debt?
The spouse is considered to benefit from the debt. Yes, the spouses share responsibility.
