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This is a debt that can be legally enforced in a court of law. You can file for a judgment and the court or judge stands behind this.
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∙ 9y ago
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What is legally enforceable debt?
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
What is a legally enforceable debt?
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
What is liabilities?
liability is a debt.
What is the difference between a debt and a liability?
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.
Is long term debt an operating liability?
NO. But the Current maturities of long-term debt is an operating liability.
How do you spell liability?
That is the correct spelling of "liability" (responsibility, debt, or burden).
What is another word for liability?
Debt
What type of liability so stockholders have when it comes to corporate debt ad responsibility?
what type of liability do stockholders have when it comes to corporate debt and responsibility
Is allowance for doubtful debt a current liability?
no
Is short term debt a current liability?
Yes short term debt is a current liability for business and payable normally within one fiscal year and shown under current liability section of liability side of balance sheet.
How is debt expressed on a balance sheet?
Debt is shown in liability side of balance sheet as per the payment time duration if within one year then current liability otherwise long term liability.
What if the collector ingnores a request to validate the debt?
Without valid debt there can not be liability. In amity.
