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legal counsel and the DFAS

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What is the difference between debt settlement vs bankruptcy?

There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.


Is it better to make payment arrangements or go on consumer credit counseling?

Choosing between payment arrangements and consumer credit counseling depends on your financial situation. Payment arrangements can provide immediate relief for specific debts but may not address underlying issues. Consumer credit counseling offers a comprehensive approach, helping you understand budgeting, improve financial habits, and negotiate better terms with creditors. If you're struggling with multiple debts, credit counseling might be the more beneficial long-term solution.


What organization works to improve payment arrangements and other financial dealings with countries?

The International Monetary Fund (IMF) is the organization that works to improve payment arrangements and financial dealings between countries. It provides financial assistance, policy advice, and technical assistance to help countries stabilize their economies and manage their financial systems effectively. The IMF also facilitates international monetary cooperation and exchange rate stability among its member nations.


What is the difference between a debt and a liability?

A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future.


Difference between gross and net settlement in RTGS and NEFT?

Real time gross settlement systems (RTGS) are a funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. "Gross settlement" means the transaction is settled on one to one basis without bunching with any other transaction. Once processed, payments are final and irrevocable.

Related Questions

Debt Settlement Agreement?

Get StartedA Debt Settlement Agreement can be used to define settlement terms between businesses or individuals. The Debt Settlement Agreement defines the original amount owed, the final amount to be paid as agreed by all parties, and the last date for payment to be made. Optional sections in this agreement cover liability and confidentiality as well.


How much get photo models paid in London?

It depends on the type of job and the payment arrangements between the client and the modeling agency.


what's the difference between settlement memorandum & a settlement agreement & release?

A settlement memorandum is a summary of terms agreed upon in a settlement negotiation. A settlement agreement is a legally binding document that outlines the terms of a settlement between parties. A settlement release is a document that releases one or both parties from further liability related to the dispute that is being settled.


Which organization work to improve payment arrangements and other financial dealings between countries?

International Monetary Fund


What is the difference between debt settlement vs bankruptcy?

There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.


Is it better to make payment arrangements or go on consumer credit counseling?

Choosing between payment arrangements and consumer credit counseling depends on your financial situation. Payment arrangements can provide immediate relief for specific debts but may not address underlying issues. Consumer credit counseling offers a comprehensive approach, helping you understand budgeting, improve financial habits, and negotiate better terms with creditors. If you're struggling with multiple debts, credit counseling might be the more beneficial long-term solution.


What is the difference between contingent liability and off balance sheet liability?

There is no difference between Contingent Liability and Off Balance Sheet Liability.


Which organization works to improve payment arrangements another financial dealings between countries?

The International Monetary Fund (IMF) plays a key role in improving payment arrangements and facilitating financial dealings between countries. It provides financial assistance, policy advice, and technical assistance to help countries stabilize their economies and manage their international payments. Additionally, the World Bank also contributes to financial cooperation and development projects, enhancing economic relations between nations.


What is the difference between a life settlement and a viatical?

A Life settlement is generally the sale of a life insurance policy on an insured that has a life expectancy of 2 years or more. A Viatical settlement is on an insured that has a life expectancy of 2 years or less. Contact me at LeveragedSolutions@gmail.com if you have additional questions.


Is there a difference between public liability and third party insurance?

difference between third party liability and public liability


What is a payment settlement entity?

A payment settlement entity is an organization or system responsible for facilitating and finalizing payment transactions between parties, ensuring that funds are transferred securely and efficiently. This entity acts as an intermediary, handling the reconciliation of transactions, managing risk, and ensuring compliance with regulatory requirements. Examples include banks, payment processors, and clearinghouses that settle payments in various forms, such as credit card transactions or electronic funds transfers. Their role is crucial in maintaining trust and efficiency in the financial ecosystem.


Horse Legal Liability vs stableman's liability?

Difference between horse liability and stableman coverage