Yes but when trying to do so you should understand that you will have to pay the creditors something until the debt is settled and it is best to get a 3rd party to mediate and negotiate the deal.
Alternatively you could go bankrupt - and that would void the debts BUT with a serious blemish to your future creditworthiness.
Why a business have creditors
Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2) Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2)
500 crores
When a company liquidates, creditors generally receive less money than they owe. Creditors will have to write off the balance, so that their books can balance.
Firms will owe their creditors a debt and usually some type of interest.
Sure, you can always negotiate- but your creditors are not bound to deal with you.
Attorneys deal with consumer credit regulation, including attachments, garnishments, assignments for the benefit of creditors, judgments, and bankruptcy.
Sundry creditors a/c dr to proprietors personal a/c cr
yep its returns
Credit lawyer is an accredited lawyer who helps people to deal with their debts and sort their financial troubles. He can serve as both,a negotiator in debt-related problems with creditors and help to deal with lawsuits.
creditors journal
creditors' circulization
Make the Deal was created on 2003-08-25.
creditors have debit balances as advances receive from creditors..........
The decedent's estate must be probated if they owned any property. Creditors can make claims against the estate. The creditors must be paid before any of the assets can be distributed.
They often don't. Bankruptcy is the only certain way to "eliminate" your debt, and the only way all creditors are treated the same. Anyone else who claims to be able to eliminate your debt completely is lying. They make what deals they can with the creditors that are willing to negotiate. If you make monthly payments to this debt eliminator, make sure the payments are made to the creditors immediately, or the creditors will sue you and bring the collection to an end. Always check them out with the Better Business Bureau and your state Attorney General or consumer protection office.
Yes. There are many companys that do this. They work with the creditors and help you make the payments that you can afford.