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What type of asset is debtor?

Updated: 9/22/2023
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11y ago

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current asset.

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Q: What type of asset is debtor?
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What is the best measure of risk for an asset held in a well-diversified portfolio?

The measure of risk for an asset in a diversified portfolio is greatly dependent on the type of asset it is. And to narrow it down further, the name of the asset is vital to a complete answer. The best answer on the information provided is what percentage of the portfolio does the asset comprise of the portfolio.


What type of document does a company file when a notice of bankruptcy is received on behalf of a debtor?

If it is a no-asset chapter 7, and the company is listed as a creditor with a balance reasonably close to the actual balance as of the date of filing, the company has nothing to do other than taking the debt as a tax write-off.If it is an asset chapter 7 or a chapter 13, the company should file a proof of claim on the form required by the court withing the time period for filing POCs.


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Is cash vault a financial asset or a real asset?

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What is a reaffirm?

Reaffirmation is an agreement between the creditor and the debtor that the debtor will keep an asset after BK, but the debtor must still pay as required. Example: You file a Chapter 7 and have a mortgage on your house. It is the only thing that is current and up to date in payments. The rest of your debt is unsecured credit cards. You may "reaffirm" your mortgage. This means you would keep the home, and you would still be responsible for paying the loan as per the original agreement and the unsecured debts are discharged. Note: A judge can decline a reaffirmation request if your income does not look as if you can maintain the payment.

Related questions

Is debtor asset or liability?

asset


Is debtor an asset or liability?

It is an asset


What is a 'No Asset Debtor'?

A no Asset Debtor is a person who has applied for an alternative to bankruptcy through the No Asset Procedure. If you haven't applied for entry into a No Asset Procedure by filing a notice with the Official Assignee, select no.


Is sundry debtor current assets?

If it is to be received in an year,then it's current asset.


What are the type of asset?

type of Asset


Are debtor an asset?

No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.


Share discount is a fixed assets-?

A share discount is not a type of fixed asset, it is a type of net asset.


What is the difference between property of the debtor and property of the debtors' estate?

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.


What is a criminal conversion charge in the state of FL?

The Statutes do not recognize the term " Criminal Conversion. " Start with this, if it fits your situation and then determine if if the value of the assets determines the severity of the charge. 222.30 Fraudulent asset conversions.- (1) As used in this section, "conversion" means every mode, direct or indirect, absolute or conditional, of changing or disposing of an asset, such that the products or proceeds of the asset become immune or exempt by law from claims of creditors of the debtor and the products or proceeds of the asset remain property of the debtor. ( Fla. Crim. Statutes)


Can a lessor collect total lease amount more than the asset value?

A common misconception regarging automobile financing, both traditional and lease arrangements is that the debtor is paying for the vehicle. In actuality, the debtor is paying for the contract, and the vehicle is only security on that contract.The short answer is yes, if the contract states an amount that is greater than the asset, then yes, the lessor can collect that amount.


Can a debtor leave the country?

Presumably you mean debtor in bankruptcy....as most everyone is a debtor of some type!Sure.Of course it would probably be illegal to flee the country to avoid the responsibilities....


What type of asset are cctv camera?

It protects you business assets so it can be called as security asset..