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What is the amount that you would have if everything of value would be sold and all debts are paid in full?
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∙ 10y ago
net worth
Wiki User
∙ 10y ago
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What would happen if everything was the same color?
If everything was the same color, I suppose it would be like seeing in black and white, except everything would have that color tint. There would still be shadows and different darker and lighter shades.
What would happen if things living did not reproduce?
We would die out of age. And everything will come to a end.
What has the greatest affect on the quality of groundwater?
One factor would be the amount of rainfall in the area. If not a lot of water would rain in a specific area than the ground water amount would be very low, and if there were a lot of rain in the area the water amount would be high. Another factor could be the amount of plants in the area. If there were little plants in the area, the plants would suck up the water but not very much of it. But if it was an area with a lot of plants, the plants would suck up a big amount of water.
What color would you choose if everything in the world is one color?
Green
Why would farmers plant a crop that provides less economic value?
Farmer's would plant a crop with less economic value after a crop with high economic value, because it would renew the soils nutrients/nitrogen for the high economic crop for the next year.
What is an offer in compromise?
An offer in compromise allows a person to settle their debts for less than the amount they owe. A good time to pursue this would be when you owe debts of a substantial amount.
Is there value to lifetime use for real property?
Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.Yes, it is the imputed rent value. Essentially, the amount of money you would have had to pay to rent it.
What would happen without accounts receivable aging?
You would not know how long the accounts have been due/overdue and the amount of bad debts.
Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
What are IRS tax implications on repossessed property?
That would depend on many factors. My answer will assume that the property is a personal residence. If it was repossessed, it is logical to assume that the debt you owed on the property exceeded the value of the home on today's market. The only potential tax consequence would be based on the amount of debt forgiven. This amount wold be the amount you owed less the amount the bank nets from the sale of the property. Generally, people who lose property in the manner are insolvent, that is, their total indebtedness exceeds the total fair market value of everything they own. The tax code specifies that if a taxpayer is insolvent both before and after a certain amount of his debt is forgiven, the forgiveness of debt does not create taxable income. If the taxpayer is solvent before and after the event that triggered the foregiveness of debt, the amount of debt forgiven would be ordinary income to the taxpayer in the year of repossession. If the amount of debt forgiveness creates solvency, the amount that is included in taxable income is the lesser of the debt forgiveness or the amount of the solvency. For example. If before the repossession, your debts exceeds your assets by $100,000, and after repossession and related debt foregiveness your assets exceed your debts by $50,000, your taxable income for that year would increase by the lesser of the amount of debt foregiveness or $50,000. Note: this post may or may not consider recent tax legislation and tax court decisions. Please consult a local CPA.
Can a executor sell the home in the will if it is split with another family member?
The executor of the will has the ability to sell property of the estate. They may have to in order to pay off the debts of the deceased. The value of the property after the debts are cleared would be split between the family members.
Can you pick what bill you file bankrupty on?
All would have to be included. You do not go Bankrupt on certain things. YOU go bankrupt. Everything you own and everything you owe must be included, or the case will be dropped and you could face fraud or contempt charges. For BK you do not pick and chose what is included. All are given priorites and some assets are exempt fom being used and some obligations exempt from being discharged. Secured debts get first call from the money from the sale of the asset securing them. Generally a reasonable car and things like work tools, personal household goods, etc, are classified as exempt and things like taxes given a high priority. ALL your assets and all your debts are included. Your assets are used to pay your debts, the extra that can't be paid may be discharged. You do not get to eliminate debts and keep those things of value you want to. That would clearly be unfair as theose you didn't pay would essentially be paying for those things (perhaps of value)you want.
If I declare independence for my basement would the GDP be how much I own how much I am worth or the value of everything in my basement?
Well, obviously you couldn't do that, but I guess for argument's sake, and from only those choices, it would be the value of everything in the basement. That is the territory that is independent.
How would you answer a question that says- What do you see as the value of your involvement with this event?
I think the value of my involvement is very important and I put the best into everything I do.
Would the mass of a metal change after being melted?
No it would not change because it will always have the same amount of it with the weight and everything
Can you claim bankruptcy on the amount owed after a repossessed RV is sold at auction?
All debts or obligations and all assets must be included in BK. They are given priorites of payment by the court (a secured loan, as this was originally, has priority to receive the funds from the asset it is secured to before any others). Some debts may not be discharged and some assets may not be used. This would seem to be dischargeable. But understand, you do not file BK on specific things...it includes everything.
What happens if everyone stops paying debts?
There will be no more lending. Debtors would have to declare financial insolvancy. Money might lose it's value actually.
