Debt

PayPal does allow you to get into debt. Users are often taken aback by the fact that they can have a negative PayPal balance. As a result, you now owe money to the corporation. If you have a negative balance in your account, any payments you make will be deducted from that sum. PayPal allows […]

No, you will not go to jail for not repaying your obligations, and that is the short answer. Can you go to jail if you don’t pay debt? When it comes to debts, not being able to pay them can make anyone feel concerned and scared, but in most circumstances you won’t end up in

Based on the French civil code, French inheritance law uses a residence-based framework for inheritance law. The law of inheritance in France, then, extends to all French citizens, regardless of country. The direct line of descent — children, grandchildren, and parents – is safeguarded by forced heirship restrictions. To protect the family, this was traditionally

A lender can take your house if you don’t pay your student debts, so long as you’re frightened about the implications. However, this is a far-fetched scenario that will take a long time to come to fruition. There’s a lot more to the story. Can you lose your home for not paying student loans? According

Tax refunds totaling $1.9 billion were seized in 2014, with $75 million of that total coming from unpaid bills dating back more than a decade. The Washington Post reports that the policy was implemented in 2011, but you may have only learned about it now. No matter how long ago a government overpayment occurred, Social

In both Chapter 7 and Chapter 13, interest and penalties are often treated the same way. However, there are certain changes in the precedence of debts, which we’ll explain in more detail. Penalties for unpaid taxes can be canceled. If the IRS or another taxing authority has not secured the obligation through the filing of

Federal and/or state income taxes are the source of the debt. Bankruptcy cannot erase other taxes, such as fraud fines or employee payroll taxes. The debt must be a regular tax payment to the state or federal governments, in other words. When Can IRS debt be discharged in Chapter 7? The IRS places a high

For the most part, the answer is yes when it comes to filing for bankruptcy to pay back taxes that you owe. In reality, more than half of all people who declare bankruptcy have tax problems. Can you claim bankruptcy on IRS debt? Only if all of the following conditions are met may you discharge

If a medical bill is sent to collections, it will appear on your credit record. If you pay your doctor’s or hospital’s bill on time, the credit bureaus should not report it. The medical office may send your debt to a collection agency if you miss the deadline and are severely late. It is usual

Hospital fees and other outstanding medical costs are included in a bankruptcy, as are other unsecured debts. A bankrupt’s whole income stream must be subject to the surplus-income rule while they’re insolvent, including benefits such as sick leave or a disability income. As long as your trustee explains the restrictions, medical expenses that you directly