Asked in Credit and Debit CardsLiensFlorida
Credit and Debit Cards
Where can you find the debtor's exemptions that protect your assets if you live in Florida?
Are trade debtors tangible assets?
Asked in Bankruptcy Law
What are some of the excemptions from chapter 7 bankruptcy?
Asked in Accounts Payable, Accounts Receivable
Why sundry debtors is coming under current assets?
Asked in Repossession, Debt and Bankruptcy
Can you file Chapter 7 and keep your house and car?
If you have assets in your home can you be force to sell it if you file bankruptcy?
Asked in Wills
Can an executor be arrested for not paying the debtors?
Asked in Repossession, Mortgages, Foreclosure
What assets can be taken with a Florida deficiency judgments for foreclosed property?
Can a credit card company garnish wages in the state of Nevada?
Yes. Under Nevada law 75% of your weekly pay or (154.50) whichever is highest is exempt from atttachment by creditors. Depending on circumstances, this amount can be amended. But not to the extent of causing undue hardship upon the debtor and/or dependants. Bank accounts, certain pensions, real estate, and other assets can be attached by creditors to pay debt. Each state has specific exemptions for debtors to protect assets. In some cases you can choose either federal or state or a combination of both. These exemptions are the same whether used in BK or to satisfy a judgment awarded in a lawsuit.
Asked in Repossession, Estates, Debt Responsibility
Can creditors go after a paid-off car in probate if the house is being foreclosed on?
What happens in probate?
The assets of the estate are inventoried and valued. All known or possible debtors are contacted and the total debts are determined. The debtors are paid off using the assets of the estate. Taxes are paid off using the assets of the estate. The executor is paid for their work accoding to the will or laws. The remains of the estate are distributed according to the will or the intestacy laws of the jurisdiction in question.
What actions can the creditor take if you can't pay your debt?
They can initiate a lawsuit. If the creditor wins the suit, they will then petition for a writ of judgment and proceed to execute it. That can be in the form of wage garnishment, bank account levy, liquidation of nonexempt assets. Every state has a set of exemptions that the debtor can use to protect specific property. These exemptions are the same ones that are used in bankruptcy.
Can account receiveable be found on a balance sheet?
Distinguish fixed from current assets?
Asked in Debt and Bankruptcy, Bankruptcy Law
What do you keep in a bankruptcy?
Asked in Business Plans
What should be included in a financial plan to protect assets?