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Debt and Bankruptcy
State of owing money to creditors. A person or organization is bankrupt when judged to be legally insolvent.
4,664 Questions
debt to equity ratio
Does Capital One sell bad debt?
I was informed that they sold mine through the National Attorney Network. They wouldn't tell me for how much though. Hope this helps!
What are some things that are included in a Chapter 11 reorganization plan?
The plan sets forth the debtor's proposed new capital structure, designates the different classes of claims and interests, and proposes possible alteration of the rights of creditors, conversion of unsecured creditors to equity holders, sale of assets
Does higher interest get paid first?
No, there is no rule that loans or bonds at higher interest rates take priority over those at lower interest rates. In bankruptcy, secured debts take priority over unsecured debts. For corporations or governments in bankruptcy, the seniority of the debt also determines the order in which the debts are paid. In both cases, the interest rate is not a determining factor.
If you are asking about paying off consumer credit, it is true that it generally works out that paying off the higher interest rate loans (e.g., credit cards) first is the best strategy, simply because the interest on those can make it virtually impossible to make any headway on paying off the total personal debt. Again, that's not a rule, but the arithmetic usually works out that way.
What do you call the money given to settle a debt?
The money given to settle a debt is called a payment.
Does bankruptcy cover all debt?
Yes, bankruptcy does cover all debts. If you declare bankruptcy, the other guy doesn't get paid, and you leave laughing.
How do you prepare the adjusting journal entry to write off bad debt?
debit bad debts account
credit accounts receivable
Can a debt collector continue to call after you file bankruptcy?
No, not as long as they were included in the bankruptcy. You should give their information to your bankruptcy attorney, who will contact the debt collector. If that doesn't work, your attorney will certainly know what to do next.
What is an example of a lose -lose situation?
star eating well so you will lose what( sorry i do not know haw to spell it) :)
How might you measure a company's liquidity and short-term debt paying ability?
CALCULATE CURRENT RATION Type your answer here...
How can you find the bank demand draft number in demand draft?
Usually the draft number can be found in the bottom of a demand draft. Check out for a white strip of paper on the bottom part of the draft and you can see different codes printed in magnetic recognition patterns. One of them will be the DD number.
flip ain't bankrupt that boy is paid and at the end of the day he is living way better than the average person so why yall haters still mad haha.
Many farmers had borrowed large amounts of money to pay for land and farm equipment.
How soon after a foreclosure notice can your personal property be taken from you?
Personal property is not an issue in foreclosure proceedings. Perhaps you are confused about the definition of such. PP would be household furnishings, clothing, jewery, and so forth.
As to the time limit when the persons living in the foreclosed residence, that often depends upon the terms of the mortgage agreement and/or state statutes where the property is located. In some cases it can be as little as 30 days from the time of the eviction service or as long as a year. The final eviction notice will contain the exact date the property is to be vacated. If the order is not followed an officer of the court (usually a sheriff deputy) will remove the occupants in whatever manner is required.
Yes. Blockbuster is bankrupt. And one of these days it will go out of business. Blockbuster was one of America's most famous video rental stores. And now it is having trouble with sales.
Public debt means that your town, state or country is spending more money each year than it is 'earning' (i.e. coming in form taxes).
To do this your town, state or country has to borrow money and then pay interest on these borrowings in just the same way you would have to it you borrowed money yourself.
If steps are not taken to reduce the overspending and pay back the money borrowed the sum required for interest gets larger and larger leaving less money for your town, state or country to spend on roads, schooling, security etc. It becomes a vicious, unsustainable cycle which eventually means that your town, state or country can no longer pay back the debt or deliver public services - the town, state or country goes bankrupt. At this point your country's currency becomes worthless and hyper inflation sets in and business and commerce stops. Further the people that have loaned you the money for the debt now come in and take charge of your town, state or country and control it ans squeeze it to get their money back no matter how much this hurts the people of your town, state or country.
You do not want to go there ! public debt is BAD.
Are corporate debts dischargeable in personal bankruptcy?
: זווית של המוות , that's just the spelling though. Sorry! :((
Only for a PC or LLC
