Refund of money,debt,assets,or nay value at time of liqidation
A charge over assets is a legal interest granted by a borrower to a lender as security for a loan or obligation. It allows the lender to claim specific assets of the borrower if they default on the loan. This can include tangible assets like property or equipment, or intangible assets like receivables. The charge ensures that the lender has a priority claim over the specified assets in the event of liquidation or bankruptcy.
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Capital is recorded in liabilities because it represents the owner's claim on the business's assets after all obligations have been met. This equity capital is a source of financing for the company, reflecting the residual interest of the owners. In contrast, assets represent the resources owned by the business, while liabilities indicate the debts owed to external parties. Therefore, capital is classified under liabilities to show its role in financing the company's operations rather than being an owned resource.
Yes, bondholders typically have a priority claim on a company's assets in the event of liquidation or bankruptcy. They are considered creditors and are paid before equity shareholders when the company's assets are distributed. This priority is established in the bond's terms and the legal framework governing secured and unsecured debts. However, the degree of priority can vary depending on whether the bonds are secured (backed by specific assets) or unsecured.
liability Contemporary Business 2009 update pg 522
It is the basic accounting equation which shows the relationship of business assets toward liability and equity and it tells that all assets must generate enough money to pay all liabilities and owner's capital to be successful business.
Networth
Refund of money,debt,assets,or nay value at time of liqidation
no
Refund of money,debt,assets,or nay value at time of liqidation
Probably, because you want to protect your business assets (and possibly your personal assets, depending on how & where your business is formed) and provide defense benefits if you are presented with a claim or lawsuit.
A company's assets can be monetary/non-monetary tangible/intangible objects that it has a legal claim to. Assets can be used in the operations of business, to gain future benefits or to decrease your liabilities.
Common shareholders have the lowest claim on the assets of assets of a firm. They have only a residual claim on the assets and are far below the preferred stock classification.
Since the executor has the authority to handle the assets of the estate, pay any debts, and collect a statutory fee for their services before the legacies are paid the executor would have no reason to file a claim against the estate. They would be filing a claim against themselves in their capacity as the executor. You need to provide more details.
To file an injury claim against a business, you typically need to gather evidence of the injury, such as medical records and witness statements. Then, you would need to submit a claim to the business's insurance company or file a lawsuit in court. It is advisable to consult with a personal injury lawyer to guide you through the process and ensure your rights are protected.
You can file a claim against their estate in probate court with proof of the debt. If you have proof of the debt and they have assets of value, you must be paid by the estate before any remaining assets can legally be distributed to their heirs. If they have nothing of value, than you have nothing you can claim from them.