Debt

Your stimulus payment will not be used to pay off government debts that have been accrued since the stimulus was enacted. Tax debt is included in this. It will also not be used to pay off public debts, such as tax debt. Federal Student Loan Debt: No If you have a federal student loan, your […]

When a cardholder passes away, an authorized user isn’t normally liable for the debt on the card, as a joint account holder could be. A spouse or legal partner may be liable for credit card debt in several states that have community property rules. “Non-exempt assets, such as automobiles, property and jewelry, can be liquidated

This also means that your prospective employer won’t have access to your credit report. “However, “there has never been a verifiable example of an employer having access to or using an employment credit score,” credit expert John Ulzheimer tells GOBankingRates. “In order to keep this illusion from dying, individuals use the phrases “credit report” and

Bailiffs (sometimes known as “enforcement agents”) have the power to seize your property if you owe them money. For example, they may be able to seize your personal possessions, such as jewelry or a car that you or someone else jointly owns. Bailiffs can only enter your home if you allow them, so learn how

As unsecured debts, most income tax debts can be discharged in bankruptcy. However, if you owe income tax for tax years following your bankruptcy discharge, you must do so. Does filing bankruptcy get rid of tax debt? Most taxes cannot be discharged in bankruptcy, but there are exceptions. After a Chapter 7 bankruptcy, you’ll still

After all of this, courts will use the Federal Child Support Guidelines to determine how much support has been reduced for each year since the date of retroactive application. Framework: Retroactive Increase Recipients seeking retroactive increases in child support payments because their payor’s income has increased significantly in the past will follow a similar approach,

It’s understandable that you’d wonder if, in the event of the death of a close family member like a parent, sibling, or brother, their debts would automatically pass to you. In most circumstances, you don’t inherit a family member’s debt. When a borrower dies, his or her debts cannot be transferred to his or her

There is no doubt that keeping up with debt payments can be a difficult experience for many people. When you begin receiving calls from collection agencies, the stress level rises even further. You asked regarding credit cards and your home, and I’d want to answer that for you. Yes, that’s the quick answer. If a

Federal Management Service (FMS) administers the Treasury Offset Program (TOP) for the US Department of Treasury (FMS). By garnishing or offsetting your tax refund, federal and state government entities can collect outstanding debts owed to them. Because federal income tax returns are the most popular federal payments, government agencies regularly garnish them. Private creditors, such

As a result, if you plan on emigrating to another country but have declared bankruptcy in Canada, you may have difficulty doing so. Bankruptcy legislation is not the same across countries, as previously stated. For this information, you’ll need to visit an immigration website for the country you plan on leaving Canada for. However, being