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What is a person called who is unable to pay their debts?
They are called a debtor, and they are often bankrupt.
What do you called a person who cannot pay off his debts?
Debtor, or now a days, dead beat..
A person's ability to pay off debts based on the money that person has available to meet financial obligations is called what?
D. Capacity
What if there are no estates will the children have to pay debts left by parents?
A person's estate is responsible for their debts unless someone else agreed to pay them.
What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
What is a person called who is unable to pay their debts?
They are called a debtor, and they are often bankrupt.
When a person a legal declaration of the inability to pay debts it is called?
mean test
What do you called a person who cannot pay off his debts?
Debtor, or now a days, dead beat..
Correct definition of a person who is bankrupt?
A person who can not pay his or her debts
A person's ability to pay off debts based on the money that person has available to meet financial obligations is called what?
D. Capacity
What if there are no estates will the children have to pay debts left by parents?
A person's estate is responsible for their debts unless someone else agreed to pay them.
What is the correct definition of a bankrupt person?
A bankrupt is a person who cannot pay his or her debts.
Choose the correct definition of a person who is bankrupt?
a person who cannot pay his or her debts
What is it called when Shareholders do not have to pay the debts of the corporation?
limited liability
What is the legally bound obligation to pay debts called?
The legal obligation of a business to pay a debt is called an:
If a person dies with debts and if their estate cannot pay those debts can the creditor go after the executor to pay off the remaining bills?
No. If the assets of the estate doesn't cover the debts, the creditors will have to write them off. But that means that no one can inherit anything from the estate as it would have to be liquidated to pay debts.
What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
