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What else can I help you with?
May related husbanwife VE's administer elements at the same session?
Yes, but they cannot administer to their relatives.
Can you file bankruptcy in another state?
no, only in the state you are domiciled or if its a business, in the state where the business is located. More accurately, it can be filed in any state in which you have lived for more than half of the previous 6 months or have significant assets, or where the business has an office or other assets. You cannot file in more than one bankruptcy court.
Are intangible assets included in liabilities?
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
Can the bank seize assets in the bank during a bankruptcy?
If creditors believe the person is trying to remove funds from accounts to keep them from bankruptcy proceedings; creditors can petition the court to freeze all accounts/assets. A bank cannot arbitraily seize account funds unless the depositer has a loan with the bank which includes a set off provision. Even then the bankruptcy trustee can request the funds be returned and included as assets in the bankruptcy.
Is there such a thing as night court?
Yes, night court is a real thing in some jurisdictions where court proceedings are held during evening hours to accommodate individuals who cannot attend during regular business hours.
When do you know if you are insolvent?
Insolvency: basic criteria.(for business) 1. Can the business pay it's debts when they are called?2. Does the business owe more (financially) than it owns?3. Has the business been approached legally for financial reparations?If any one of these is 'Yes' it is likely the business can be considered insolvent.Answer courtesy of Forbes Burton - specialist in business closure.
What is the administer password for an ECOT computer?
You are not an ECOT admin so you cannot have access to the password.
Can an executor of a will distribute assets before probate is completed?
No, an executor of a will cannot distribute assets before probate is completed.
Can the inheritors force the executor to sell assets?
No, they cannot force the executor to sell assets. The executor is responsible for closing out the estate and settling debts. Then the distribute the assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
What does it mean that you cannot get the assets back in a revocable trust?
You CAN get the assets back in a revocable trust. You CANNOT get the assets back in an irrevocable trust. An irrevocable trust cannot be terminated by the settler once it has been created. The settler transfers their assets into the trust and no longer has any rights of ownership in that property or the trust. The main reasons for setting up an irrevocable trust are estate planning and tax purposes. Generally, assets in an irrevocable trust are shielded from creditors.
Can you transfer assets into an irrevocable trust?
Yes, but you cannot transfer them out.
