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What else can I help you with?
If you business fails and your equipment is reposed and you still owe the bank money does it come from your personal property?
The business' structure determines whether the owner will be personally responsible for the debt. When the owner incorporates, they are no longer responsible for the debt of their business.
What must the government provide to a property owner if it needs to take his property for government use?
If the government needs private property for its own use, they should give fair market value to the owner of the property. The property owner can also give the government an easement agreement to the property and still retain ownership.
Can an association rent a property after putting a lien on it?
When an association owns a property, it can rent the property. In this case, the association probably doesn't own the property, else why has a lien been filed. The property owner's title is clouded by the lien, and the property is still owned by the owner. The association may want to work with the owner to rent the property, to produce an income stream. The final decision, however, remains with the property owner.
If a business closes do you still owe owner money?
Of course you do.
Why was dred Scott vs sandford important?
It was important because it made clear that property couldn't sue its owner and that property , in this case a slave, can be taken to free territory and still being property because a owner can take its property wherever they want.
Can a small business owner file for bankruptcy and still protect their assets?
Probably not
Where is Business Bay located at?
Business Bay is a central business district, that is currently still under construction. It is located in Dubai, United Arab Emirates. The project features numerous skyscrapers.
How can you be responsible for code violations on business property discharged in bankruptcy in 1997 if the mortgage holder will not foreclose?
You are responsible as long as you are the legal owner of the property, Bankruptcy usually discharges certain debts including property related debts. If the mortgage company chose not to exercise their foreclose options then you may still be the legal owner of the property. Depending on the property valuation the mortgage note holder may have determined it more profitable not to proceed with a foreclosure process. Additionally; If fines were already issued prior to a foreclosure, you would still be liable for payment of those fines as well.
Can 1 person sell a home if 2 people are on mortgage but 1 signed over the deed?
The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.The owner can sell the property. If one person is on the deed then that person can sell the property. The mortgage must be paid off at the time of the sale. It is not a good idea to transfer your rights in property by a deed if you are still on the mortgage.
What happens by law when a co-owner does not sign over a deed?
Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.
Can you sell property and still have insurance on the property and collect on it?
The insurance policy will be transferred in the name of the new property owner and will be entitled to all benefits against the said policy.
If the sole owner of a business dies and there is an authorized signer on the account is he the owner of the funds?
No. The funds still belong to the company. The owner's will or estate will determine who owns the company.
