Paper Money
Paper Money
Paper money.
Sundry Debtors
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance...account receivable- money coming in for profit account payble-money going out for a expense .Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt...
Paper Money
Paper Money
Paper money.
Paper money.
That is one of the primary purposes of creating an estate. The executor has to contact all known debtors and advertise for unknown debtors. There has to be a method for these debtors to contact the executor to place their claims.
Noah Grant, the father of Ulysses S. Grant was sent to a debtor's prison because of an amassed debt made in land speculation. He was then forced to sell his holdings in Connecticut to settle affairs with his creditors.
James Oglethorpe. He made it as a refuge for debtors.
the company declaring the bk? Absolutely not...the court can. But for the Co to even suggest it happened...when preferential payments are actually against the law....so it would be admitting it did so...would be more than stupid. And by its' very nature...payments made to all creditors can't be preferential...only payments made to specific creditors (or others) and not all may be.
Sundry Debtors
Sundry Debtors
The purpose of sending collection demand letters to debtors is to formally request payment for outstanding debts and to communicate consequences if payment is not made.
It would help if you clarify your question