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What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Can you be sued for a debt that does not appear on your credit report?
Yes, the credit report has no bearing on whether a debt is valid and subject to litigation.
Where can you get tips for debt management?
You can get tips for debt management from your bank or by consulting books on the subject. Suze Orman has written some good ones and has a great show about debt management.
What does credit debt reduction mean?
Credit debt reduction refers to the process of trying to reduce someone's debt through various means, such as renegotiating debt repayments, debt forgiveness, reduced interest rates, or eliminating late fees.
Is recourse debt subject to discharge in bankruptcy?
Recourse debt can be subject to discharge in bankruptcy, but it depends on the specific circumstances of the bankruptcy case and the type of recourse debt involved.
What does debt outstanding mean?
That u payed your debt in full
What does hit the black mean?
its when you are in debt and you come out of debt when you get money.
Can a debt buyer collect on a two-year-old car repossession that has been charged off?
Yes. The term "charge off" does not mean the debt is not valid and subject to collection procedures, including the possibility of a lawsuit.
Where can you find debt blogs?
There are a number of blogs dedicated to the subject of debt. Some of the most popular one's include 'Blogging Away Debt', 'Punch Debt in the Face' and 'A Story of Debt'.
What does toxic debt mean?
A debt which is never likely to be repaid by the debtor.
What does discharge of a debt mean when it is not associated with bankruptcy does it mean the debtor is fullt released from the obligation to repay the debt?
Yes, if a debt is discharged the debtor no longer has to pay.
IAS requirement for Bad debt provision?
WHAT IS SUBJECT
What has the author Prabirjit Sarkar written?
Prabirjit Sarkar has written: 'Is there any transfer burden of debt?' -- subject(s): Balance of payments 'Debt crisis, commodity prices, transfer burden, and debt relief' -- subject(s): Debt relief, External Debts, Prices, Primary commodities 'Indian economy under the new regime' -- subject(s): Economic policy
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
Can you be sued for a debt that does not appear on your credit report?
Yes, the credit report has no bearing on whether a debt is valid and subject to litigation.
Where can you get tips for debt management?
You can get tips for debt management from your bank or by consulting books on the subject. Suze Orman has written some good ones and has a great show about debt management.
