Debt

To get the debt dismissed after death, someone will need to show documentation of death to the student loan servicer in charge of the debt. Do you inherit your spouse’s student loan debt? You may be concerned about how marriage will affect your finances if you’re getting married, especially if your future spouse has large […]

When you get married, you have $30,000 in federal student loans and $40,000 in private student loans. Although your spouse may assist you in repaying your debt, you are the only one who is legally liable. This situation also applies if you marry someone who has taken out federal PLUS loans, which are available to

While auto insurance is not included in the debt-to-income ratio, your lender will consider all of your monthly living expenditures to determine whether you can handle the additional load of a mortgage payment. As a result, if you have a high-priced car that necessitates high-priced insurance, your lender may query you about it. These types

The majority of the time, the answer to this question is no. In most cases, family members, including spouses, are not liable for their deceased relatives’ debts. Credit card debts, student loans, vehicle loans, mortgages, and company loans are all included. Rather, any outstanding debts would be paid from the estate of the deceased person.

The debt is either a federal or a state tax debt. Other taxes, such as fraud fines and payroll taxes, are unaffected by bankruptcy. To put it another way, the obligation must be a regular tax payment payable to the state of Wisconsin or the federal government. Will filing bankruptcy stop IRS debt? During your

When you’re in debt, it can feel as if you’ll never be able to do anything financially again – at least until the debt is paid off. That isn’t always the case, though. It is, in fact, possible to purchase a property while in debt. Even if you believe you have too much debt, debt

The debt is either a federal or a state tax debt. Other taxes, such as fraud fines and payroll taxes, are unaffected by bankruptcy. To put it another way, the obligation must be a regular tax payment payable to the state of Wisconsin or the federal government. Will filing bankruptcy stop IRS debt? During your

While credit card debt is a common reason for bankruptcy, you cannot file for bankruptcy solely on the basis of credit card debt since the law requires all of your debts to be disclosed in the bankruptcy forms. Because bankruptcy can wipe your credit card and other unsecured debts, it can often leave you in

Stock prices can fall for a variety of reasons, including big scandals, layoff announcements, and bad financial quarter performance. When stock prices fall, so does the total value of an investment. Stock Price Decline Example You purchased one share of Company ABC for $10, and after a week, the price had dropped to $8. This

You can’t go to jail today for not paying a “civil debt,” such as a credit card, loan, or medical bill. If you don’t pay your taxes or child support, you may be sentenced to prison. The use of prison to punish destitute criminal defendants who fail to pay court costs and fines as part