Debt

You may have heard that debt is divided into two categories: good debt and bad debt. Money due for things that can assist develop wealth or boost income over time, such as education loans, mortgages, or a company loan, is referred to as “good” debt. Credit cards and other consumer debt are examples of “bad” […]

After a couple marries, whatever they earn and buy becomes part of their marital estate. They do, however, have joint debts. When a couple divorces, their assets and debts are distributed. The division of marital debts is frequently essential. Ingrid Gherman, a New York City property division lawyer, should be consulted if you are getting

For any corporation that has employed debt financing, outstanding debt, defined as the total principle as well as interest amount of a debt that has yet to be paid, is critical. It’s significant because it specifies a monetary amount that must be paid before a liability can be closed. How do I find out my

A contingent liability is a liability that may arise as a result of the outcome of a future event that is unpredictable. If the contingency is likely and the amount of the responsibility can be reliably predicted, a contingent liability is recorded. Unless these conditions are met, the liability may be stated in a footnote

We hinted at the definition of the debt spiral in the introduction, but let’s go over it again. Alternatively, have one of our esteemed contributors lay it out for you. “A debt cycle occurs when a person, corporation, or even a country accumulates significant debt over time,” noted Monica Eaton-Cardone, owner and COO of Chargebacks911.

Although they overlap, most organizations distinguish between working capital, equity capital, and loan capital. Working capital is the money required to run a firm on a day-to-day basis and meet its obligations on time. Equity money is raised by issuing publicly or privately traded firm shares and is used to fund corporate expansion. Debt capital

Depending on your unique scenario and the lender you’re speaking with, a “good” debt ratio can vary. However, in general, a ratio of 40% or less is considered good, while a ratio of 60% or more is deemed unsatisfactory. As your debt ratio approaches 60%, you may find it difficult to satisfy obligations. What does

Credit Collection Services (CCS) is a collection service that specializes in debt collection. They’re usually listed as a ‘collections’ account on your credit report. When you neglect to pay a bill, this generally happens. If you have a collection on your credit report, it will hurt your credit score (unless removed). Are CCS Collect legitimate?

A judgment debt is owed by a person against whom a monetary judgment has been entered. This individual will be a judgment creditor. The judgment creditor is the person to whom the judgment debtor owes money. The judgment debt can be collected by the judgment creditor. The judgment creditor can enforce the judgment if the

Keep in mind that you’ll have to pay a CDD infrastructure assessment as well as a maintenance assessment. It is possible to pay off the infrastructure assessment, and many homeowners do so. Some resales will say “no bond” or “bond paid” in their advertisements. How long do CDD fees last in Florida? CDDs are supposed