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How do you find out who you owe or what you owe?
Type your answer here... debt collection
Who responsible to prove you owe a debt?
http://www.creditinfocenter.com/rebuild/debt_validation.shtml
What does it mean if you are in debit?
It means you have money. But if you're in DEBT, you owe money.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Why debit is indicated by dr?
It is short for the Latin 'debere' - 'to owe'. Debit and debt come from that word.
You owe money if you die is the debt over?
No the debt passes on the the heirs of the estate.
Do I still owe a personal debt if my father dies?
You father's death does not release you from your obligation. You now owe the money to the estate.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
What happens to a debt you owe to a person that dies?
The debt you owed to the decedent will become a part of their estate and their heirs can collect as long as they have proof that you owe the money. The heirs can request that an estate representative be appointed and that person can pursue payment from you. The debt does not just go away as long as there is evidence that the money was owed to the decedent.
How do you divide an estate when two of three heirs owe money to the estate?
The value of the estate, which includes the debts owed to it as well as the debts the estate owes, is divided up into three parts. The amount those that owe the estate money receive is off-set against the debt. If there are more debts owed by the estate then it is worth, those owing money will have to pay it to the estate.
What information can you gather from a debt collector?
A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.
How do you find out who you owe or what you owe?
Type your answer here... debt collection
What is a debt?
owe money
What happens when someone dies and they owe you money?
You can file a claim against their estate in probate court with proof of the debt. If you have proof of the debt and they have assets of value, you must be paid by the estate before any remaining assets can legally be distributed to their heirs. If they have nothing of value, than you have nothing you can claim from them.
England's national debt?
who do we owe?????????????
What is short for a debt to be paid?
An IOU, as in I owe you, is short for a debt to be paid
Are you debt free if you have a mortgage?
No. You are in debt as much as you still owe on the mortgage.
