Debt

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

Nondischargeable debt is debt that cannot be discharged through a bankruptcy filing. Student loans, most federal, state, and local taxes, money borrowed on a credit card to pay those taxes, and child support and alimony are examples of such debts. What happens to nondischargeable debt? Non-dischargeable debts are those that cannot be discharged in bankruptcy

Consumer debt refers to personal indebtedness incurred as a result of the purchase of items for personal or household consumption. Consumer debt includes credit card debt, school loans, auto loans, mortgages, and payday loans. These are in contrast to other debts such as those utilized for corporate investments or debt incurred as a result of

The tax system in the United States is complicated, and it has an impact on many elements of corporate owners’ and individual customers’ money. Taxes, while complex and at times intrusive, are an essential component of a well-functioning government and economy. It’s critical to understand when and where taxes will come into play while making

What is the current size of the US national debt? As of February 2020, the US debt totaled $23.3 trillion. What is America’s debt right now? The total national debt due by the federal government of the United States to Treasury security holders is known as the US national debt. The national debt is the

A debt amortization proceeding under Section 128.21 is a court-supervised, trustee-administered debt repayment plan that pays 100 percent of scheduled debts over a period of no more than three years and is available to wage earners who are unable to meet their current obligations but can afford the payments under such a plan. What is

Mr. A (debtor) and Mr. B (creditor) sign a credit agreement, but Mr. A fails to make his payments according to the terms of the agreement, and he receives a letter demanding immediate payment of the whole amount owed. Mr A is unable to make the full payment and contacts the creditor in the hopes

A foreclosing party (the “bank”) must file a case in court to foreclose in states that use a judicial foreclosure process. As part of that process, the bank—or the bank’s servicer on behalf of the bank—files a “affidavit of indebtedness,” which tells the court how much the homeowner owes the bank. You may have a

Back taxes are taxes that were not paid in full or in part during the year in which they were due. Back taxes might be owed to the federal, state, and/or local governments. Interest and penalties accrue on back taxes on a regular basis. How do I get rid of back tax debt? Tax Debt: