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What is loan reconcillation?

Anonymous

∙ 14y ago

Updated: 9/19/2023

When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.

Wiki User

∙ 14y ago

What else can I help you with?

Continue Learning about Accounting

Examples of long term financing?

home loan, educational loan, machinary loan

When the bank gives adjustment on principal on a loan what account do you debit?

the loan

What is the journal entry to record loan received?

debit cash /bankcredit loan payable

What is the journal entry for loan received from Krishna?

debit cash / bankcredit loan from krishna

How do you record a bank loan in accounting?

Debit cash / bankCredit loan from bank

Related Questions

What is the matter of sacrament of reconcillation?

The matter of reconciliation is the penance.

What means coming together after being divided?

reconcillation

What age do you make reconcillation?

I dont understand the question could you rephrase it a little?

What is the ratio of loan balance to loan amount for this particular loan?

The ratio of loan balance to loan amount for this specific loan is 0.75.

How long after the borrowers death is the co signer liable on a loan?

Until the loan is paid.Until the loan is paid.Until the loan is paid.Until the loan is paid.

What Is The Part Of Speech For Loan?

A loan is a noun ex: The loan from the bank was helpful. To loan is a verb: I had to loan my phone charger to a friend.

What is the loan origination date for this particular loan?

The loan origination date for this specific loan is the date when the loan was first issued or funded.

Is a car loan considered an installment loan?

Yes, a car loan is considered an installment loan.

What is uncollateralized loan?

a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy

Can you change your loan from a hard money loan back to a convetional loan?

refinance the hard money loan back to a conventional bank loan

Which of the following loan types is considered an example of an unsecured loan?

A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.

When a auto loan personal loan and credit card loan are combined what is it called?

That is called a ACP Loan

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