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Are dividends considered debt?
Not debt, but they are income.
What is credit card debt considered?
revolving debt
What is credit cards are considered?
unsecured debt
Is a house mortgage a secured debt?
Secured debt is debt backed or secured by collateral to reduce the risk associated with lending, such as a mortgage. If the borrower defaults on repayment, the bank seizes the house, sells it and uses the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered security, which is why unsecured debt is considered a riskier investment find more about PMI services in Florida United Financial Counselors contact with us.
Is a 1099 a considered debt forgiven?
If a debt is "forgiven," it is income to the debtor, and a 1099 is issued by the mortgagee or the creditor. You may not have to pay it, even if you don't file bankruptcy, if the debt was a mortgage on your residence.
Is equity considered debt?
No it is the opposite of debt.
Are dividends considered debt?
Not debt, but they are income.
What is credit card debt considered?
revolving debt
Are you responsible to pay a debt in NC if your spouse dies and has a will and leaves credit card debt with cards in her name only?
No. NC is not a community property state. Therefore the debt belongs completely to the deceased. Probate procedure for collecting and distributing assets and paying debts, are governed by state law.
Can a judgment be filed on you in NC for credit card debt?
Yes, judgment can be obtained against any person in the US in any state for an unpaid debt. How recoverable that debt is by North Carolina law is another matter. Where you run into a problem is that the credit card company is not likely in NC, and may have other recourses to recover the debt, such as filing in their state of occupancy.
Is having debt good or bad?
To be in debt is usually considered bad.
Are you responsible for a spouses debt if not a joint account and are still married in the state of nc?
Yes
How do you put a lien onsomeone's house in NC?
you cant't, a lien is a debt owed not applied.
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.
Is a work trailer considered a vehicle in NC?
probably
