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What is another name for real estate agent?
Property Dealer, Property Consultant and Property Agent.
What type of company is GJ Property Services?
It is a property service company. It handles property inquiries, helps people find property to live in, or helps people sell property! They are located in Long Beach, California.
Is property includible in inventory a section 1231?
Examples that are not Section 1231 property include personal use property and inventory.
Can a person insure property that belongs to someone else?
No, in order to get an insurance policy on property you need to have an insurable interest. Meaning you need to own the property or have some other interest in the property.
Are mineral rights considered real property?
Minerals in the ground are treated as real property, but, after removed from the land, they become personal property
The debtor surrenders his nonexempt property for division among his creditors?
liqidation
What chapter proceeding the debtor surrenders his nonexempt property for division among his creditors?
The chapter that typically follows a debtor's surrender of nonexempt property for division among creditors is Chapter 7 bankruptcy. In Chapter 7, a trustee is appointed to liquidate the debtor's nonexempt assets to pay off creditors.
You are being sued by a credit card company for 7000 and you only make 7000 a year what can happen?
State laws govern how creditor lawsuits are adjudicated. In general,lif the creditor wins the suit (and they probably will) they receive a writ of judgment which can be executed against the defendent's nonexempt property. A writ can be used to garnish wages, levy bank account(s), place liens against real property, or liquidate any nonexempt property....Macky (macky83@juno.com) your screw'd
Whether gifts comes under exempt or nonexempt property in bankruptcy law?
The way or origin of how you got it is unimportant. What it is carries. A gift of your dinning room table or work tools are exempt - because these things are exempt. A gift of your boat, vacation house, lear jet, still wouldn't be.
The judgment is fo 500000 dlls what can they do to you?
It depends on what state you live in. Possible actions are wage garnishment, bank account levy, property lien, or liquidation of nonexempt assets belonging to the debtor.
Can they garnish wages in Texas?
Texas only allows wage garnishment if the debt cannot be collected by other means (bank account levy, seizure and sale of nonexempt property, lien against real property). Wages can be garnished when the matter is one of child support.
What are some nonexempt's of electromagnetic spectrum?
Nonexempt means one who is not exempt - for example, from paying taxes. This doesn't seem to make sense in this context, and I suggest you rephrase your question.
What does a credit card judgment mean?
The creditor has won a lawsuit judgment against the debtor(s) and can execute the judgment against any nonexempt property belonging to the debtor(s). The preferred method of judgment execution is wage garnishment followed by bank account levy, or seizure and sale of nonexempt property or a lien against real property. North Carolina, South Carolina, Pennsylvania and Texas do not allow wage garnishment for creditor debt. The exception is Texas where the court can grant wage garnishment if the debtor has no other property for which the judgment can be executed against. Married couples living in community property states are both usually responsible for debts incurred during the marriage regardless of which spouse is the account holder or borrower.
Is your mother responsible for your late father's credit card debt if it was in his name only?
Only if they resided in one of the community property states. If that isn't the case, the debts along with the estate (nonexempt assets) will be subject to probate.
Can a Texas salaried nonexempt employee have wages deducted for hours not worked?
I have looked through the FLSA information and deducting wages for hours not worked as a salaried nonexempt employee in Texas, I can not find the answer.
What legal action can be taken in the state of Texas for charge off debt?
The creditor/lender can file a lawsuit in the appropriate court of the debtor's state. If the creditor wins the suit a judgment will be entered against the debtor. A judgment can be executed against the debtor's nonexempt property/assets including jointly owned marital property and assets, as Texas is a CP state. The state does not allow wage garnishment for creditor judgments but it does allow bank levy, seizure and liquidation of nonexempt property and liens against real property (a forced sale of a primary residence is not allowed). The exemptions that are allowed in bankruptcy are the same ones available to the debtor when defending property against a judgment creditor. In addition, the debtor may be able to use federal non-bankruptcy exemptions to further protect personal and real property from creditor attachment.
What is a nonexempt of Greatest common factor?
The GCF of 5 and 10 is not 14.
