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What is the difference between property of the debtor and property of the debtors' estate?
Wiki User
∙ 15y ago
In a chapter 7, the debtor's estate consists of all property owned by the debtor which has not been exempted or is subject to a lien and has little or no equity. The trustee takes and sells the non-exempt assets that are not subject to a lien. If the debtor cannot pay the trustee the value of equity, the trustee may force the sale of the encumbered asset or the debtor will have to convert to a chapter 13.
Wiki User
∙ 15y ago
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Can a bank account held soley by the non debtor spouse be levied for the debtor spouses debts if the couple reside in a non community property state?
If it can be proven that the debtor has funds going into the non debtors account then the amounts that are going into the non-debtors account that originally were funds belonging to the debtor can be levied.
What are the classification of debtors?
what are the classifications of debtors? what is the meaning of debtor exceeding 6 months & debtors for the year? how to calculate this?
How do you find property of debtors?
Some of the debtor's property will be public record such as real property records at the county recorder's office. Some states allow you to take the deposition of the debtor or submitt written questions that must be answered under oath. You can hire a private investigator to look for assets. The laws of your state may allow additional methods to find the debtor's property.
How do you calculate debtors turnover ratio?
Debtor turn over ratio = Total sales / debtors By using this formula debtor turnover ratio can be found.
James Oglethorpe and debtor's prison?
James oglethorpe cared about debtors since his friend died in a debtor's prison. Georgia was originally founded as a colony for debtors.
What is the meaning of sundry debtor?
it is the group of small debtors
Debtor control accounts?
in the ledger all debtors on 1!
Difference between provision for doubtful debt and bad debt?
Bad debts is a sure loss, irrecoverable on a given date and is written off from the trade debtors. an over aged debtors usually turn out to be bad debtors. provision for doubtful debts is created based on estimation that the certain percentage of debtors may turn out to be doubtful debts. a percentage is worked out based on the debtor's collection period and general economic environment.
Where is posted the debtors?
The debtor is posted on the credit side of the balance sheet.
What is the debtors promise?
A debtor's promise is an "I.O.U." Working on that crossword myself.
How do you prepare a debtor collection schedule?
debtors collection schedule parts
What are debtors?
A debtor is any person, or entity, with outstanding loans owed to a creditor.
