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Where can you find the debtor's exemptions that protect your assets if you live in Florida?
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∙ 18y ago
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Are trade debtors tangible assets?
Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.
What is meant by debtors?
Debtors are those customers who purchases goods from company on credit so debtors are current assets of business.
What does debtors mean in the balance sheet?
Assets
Why sundry debtors is coming under current assets?
Sundry debtors come in current assets because normally goods are sold on credit for short term agreement for one month or for three months as amount is receivable from debtors within one fiscal year that’s why debtors arrive in current assets.
What are the components of current assets?
The components of current assets are creditors, cash, debtors and stock.
What are the assets?
debtors,stock,bills receivable etc
What are the current assets?
debtors,stock,bills receivable etc
What is a supercedeas bond?
Also called supersedeas bond, this is the security required by courts to protect judgment debtors from having their assets executed upon, while they appeal judgments against them.
Can you file Chapter 7 and keep your house and car?
Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
As depreciation is to fixed assets what is the same analogous to debtors?
Bad debt
Can an executor be arrested for not paying the debtors?
The executor is responsible for the settling of the debts of the estate. They are to use the assets of the estate to do so. If there are not enough assets, the debtors don't get paid. Unless they have committed fraud, there is nothing to arrest them for.
If you have assets in your home can you be force to sell it if you file bankruptcy?
If the value of the assets greatly exceed the allowable exemptions, then yes they can be seized.
