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What is your liability to harassing creditors if after six years your Chapter 13 bankruptcy was dismissed by the trustee?
Wiki User
∙ 18y ago
If your Chapter 13 was dismissed, meaning you did not complete your Plan, then you are essentially right back where you started before you filed for bankruptcy. The creditors can pursue you for the debts without any legal ramifications.
Wiki User
∙ 18y ago
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Is Creditors an asset or liability?
Current Liability
What is creditors for good assets or liability?
Liability
Are creditors considered as current liability?
Yes, it is a current liability.
Is creditors a asset or liability?
creditor is a liabiliity
What is the amount owed to creditors called?
liability
Is a married woman that is a gifted member of a Limited Liability Company at risk of losing interest when filing bankruptcy in a community property state?
If it has value, and can be transferred or liquadated with that value used to pay those who are owed money in the BK, I can't see why it wouldn't be. Nor why it shouldn't be. Limited Liability Companies are set up to limit liability in these situations similar to a corporation. If you are in bankruptcy or sued, generally creditors cannot take assets of the LLC if you are a limited member.
Transaction that will decrese an asset anf decrease a liability?
Payment to the creditors Creditors Decrease Bank balance decrease
Why creditors are laibility?
Any money you owe to someone else is a liability to you and an asset for them. You have to pay (liability) and they get to receive (asset).
A credit to a liability account?
indicates an increase in the amount owed to creditors.
Why is net profit treated as a liability?
Net profit for a business is liability because it must be paid to equity holder and creditors.
Can you get public liability insurance after being discharged from bankruptcy?
yes
If a merchant processes a credit card and the purchaser just filed bankruptcy do they have any liability?
The merchant has no liability. The purchaser/debtor may have problems discharging such a recent purchase debt, unless it was for necessities (food, clothing, shelter, medical care) and may be denied a discharge for all debts if this is a pattern with other creditors as well.
