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What else can I help you with?
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
How do you find all my old debts?
To find your old debts, start by checking your credit report, which will list most of your outstanding debts and payment history. You can request a free report from the major credit bureaus once a year. Additionally, review your personal records, such as bank statements and payment receipts, and reach out to past creditors or lenders directly for information. Lastly, consider using a debt recovery service for assistance in locating any forgotten debts.
How do you find out debts you owe?
cpassarella debts
What is a unpaid or outstanding debt?
An unpaid or outstanding debt refers to an amount of money that is owed and has not yet been paid by the borrower to the lender. This can arise from various financial obligations, such as loans, credit card balances, or invoices for goods and services. Outstanding debts can accumulate interest and fees, potentially leading to financial difficulties if not addressed. It is important for individuals and businesses to manage their debts responsibly to maintain good credit and financial health.
Is Bad debts are nominal or real account?
Bad debts are considered a nominal account. They represent an expense that reflects the losses a company incurs from customers who fail to pay their outstanding debts. As a nominal account, bad debts are closed at the end of the accounting period and affect the income statement rather than the balance sheet.
Is excutor of estate responsible for paying the prior homeowner association fee?
Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.Yes. The executor of the estate is responsible for paying any outstanding debts owed by the decedent. Those debts must be paid before any assets can be distributed to the heirs.
When senior dies are siblings responsible for any outstanding debts?
Siblings are not typically responsible for debts unless they signed for them. The estate has to settle the debts.
Have you received any text messages from Harris Debt Collector regarding your outstanding debts?
No, I have not received any text messages from Harris Debt Collector about my unpaid debts.
Can bad credit and companies get your inheritance?
If you have outstanding debts, any assets, including inheritance, can be levied to satisfy the debt.
Does the executor of a will have to pay for outstanding debts of a deceased parent if there is no money or property to sell?
The estate is responsible for the debts. The debts must be paid by the executor before any assets can be distributed. If the executor distributes any assets while the debts are outstanding, she/he may be personally liable. If there are no assets the estate is declared insolvent and the creditors are out of luck.
Can you be forced by debtors etc. to sell any remaining cemetery plots of deceased parents to pay outstanding debts?
yes
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Does the estate of a decedent have to pay all outstanding debt such as medical bills utilities and insurance?
The estate is responsible for the debts of the decedent. The debts must be paid before any assets can be distributed to the heirs.
Can a hospital deny care if you have outstanding debts with them?
Yes, a hospital can deny non-emergency care if you have outstanding debts with them. However, they are required to provide emergency care regardless of your financial situation.
How do you find all my old debts?
To find your old debts, start by checking your credit report, which will list most of your outstanding debts and payment history. You can request a free report from the major credit bureaus once a year. Additionally, review your personal records, such as bank statements and payment receipts, and reach out to past creditors or lenders directly for information. Lastly, consider using a debt recovery service for assistance in locating any forgotten debts.
What is the purpose of debt collection letters and how can they help in recovering outstanding debts?
The purpose of debt collection letters is to remind individuals or businesses of their outstanding debts and encourage them to make payments. These letters can help in recovering outstanding debts by providing a formal notice of the debt, outlining consequences of non-payment, and offering options for repayment.
What is the meaning of bankrupt?
declared in law unable to pay outstanding debts.
