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Bankruptcy.

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15y ago
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Q: How can you get out of your current debts of 3000.00 on a set income of under 900.00 a month?
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Why do businesses or individuals that are considering giving you credit look at your debt-to-income ratio?

They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.They must determine if you have enough income to pay your current debts and also take on a new monthly loan payment.


Does provision for bad debts appear on an income statement?

No?


What are the things that an underwriter looks at when approving you for a home loan?

1) FICO score of 620 or higher 2) credit report 3) income vs overall debts 4) payment history on previous/current debts 5) employment history and length of current employment 6) collateral 7) down payment you are willing to make initially


Can a financee be suied for future husband's debts?

No, there is no current connection between the two. Legally she has no obligation for his debts.


What is a taxation?

When the government takes money from your income to pay debts and construction: taxes.


What is required of Congress to publish a statement of all expenditures and income?

Reports of the living costs, non-priority debts, priority debts and income are required of the Congress to publish a statement of all expenditures and income.


If you're filing bankruptcy based on debts incurred before your marriage to your current spouse do you have to make your current spouse party to your bankruptcy?

No, debts that are incurred before a marriage do not become the responsibility of the new spouse.


How are the provisions for doubtful debts treated in the final accounts?

The debts are treated as expenses in the profit and loss account, being entered on the debit side of the income statement coloums.


Is bad debts a personal account or nominal account?

Bad debts accounts is a nominal account shown in income statement and use to reduce the accounts receivable amount.


I WOULD LIKE TO APPLY FOR GOVT GRANT RETIRED DISABLED NEED SOME HELP TO SUPPORT FOR DEBTS AND LOW INCOME?

I AM RETIRED DISABLED VETERAN NEED HELP WITH DEBTS AND HOME IMPROVEMENT


Why do bad debts not be shown on balance sheet?

Because they won't be paid off so it isn't counted as income.


The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as?

solvency and liquidity