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Why is it important for countries to show they can pay off their debts?
Wiki User
∙ 6y ago
No country should be financially reliant on another. It shows a weakness and inability for a country to control its own finances. It also places undue burdens on its citizens - who pay for their country's debts by higher taxation.
Wiki User
∙ 6y ago
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How do you reduce the development gap of the country?
Ledc's pay the debts you owe to the richer Medc's or Medc's let the Ledc's off with the debts so the countries can help their country and stop thinking about the debts!
How do I pay off debts quickly?
You can start by paying off small debts then working your way to the bigger debts. You can use the money from paid off debts to double payments on bigger debts instead of blowing that money.
Are utility bills unsecured debts?
== == Yes, utility bills are classed as unsecured debts but if you are struggling with debts then it is important that you class these as a priority debt. If you find that you are in arrears with your suppliers then it is important that you seek debt help and advice as soon as possible. If you do not pay your bills, your supply can be cut off, in this way they are more important to pay that other form of unsecured debts, such as credit cards or store cards.
In what ways can one cancel IRS debts?
One can simply pay off the IRS debts. Another way one can cancel IRS debts is to get loans from banks to pay off the debts. Also, one can borrow money from peers to pay off IRS debts.
Is it better to immediately pay debts or to invest?
Pay off your debts!
When a parent dies and owns home do you have to sell to pay off debts?
If the other assets are not sufficient to pay off the debts, yes you have to sell it. The estate has to resolve all debts.
When a house has a lien against it that is greater than its value does the estate have to pay off the lien or can they walk away from the house?
The estate has to pay off all debts before it can distribute anything to any of the heirs. The estate will have to liquidate all assets to pay off the debts. If it isn't possible to pay all the debts, they will have to show a plan to the court showing how they are fairly dividing up the available assets between the creditors.
Why is Solon important?
Solon paid off debts for farmers and freed slaves in ancient Athens.
Where can one get debt advice from the government?
StepChange Debt offers free government advice for people who need help with their debts. They can help you look over your finances, show you how to pay off your debt quickly and advise you on which debts to pay off first, if you can only afford to pay a few at a time.
Should you pay off all small debts first or concentrate on the large ones?
I have always been told that it is best to pay off the smaller debts first and get those out of the way so then you can focus on the larger debts when you have fewer debts to worry about.
What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
What is the Importance of liquidity ratio to shareholders?
liquidity ratio's are important to shareholders because in a way the ratio's show them if the business is worth investing in. if a business has bad liquidity ratios because they ant payy off their debts, people are less likely to invest because they have they don't wnat to pay off other people debts. the ratio that shareholders are really interest in is return on capital employed because it shows how the net profit is distributed.
