What debt cannot be discharged when filing for bankruptcy?

June 30, 2024 No Comments

A: Bankruptcy offers overwhelmed debtors an opportunity for a fresh start through either the liquidation (Chapter 7) or reorganization (Chapter 13) of debt. In both cases, the bankruptcy court is said to discharge the debts. This means that your creditors lose the right to take

What debt cannot be discharged when filing for bankruptcy?

July 7, 2024 No Comments

What do creditors have to report to credit bureaus?

June 30, 2024 No Comments

A: Creditors are not required by law to report anything to credit bureaus, although many businesses choose to report on-time payments, late payments, purchases, loan terms, credit limits and balances owed. Businesses usually also report major events such as account closures or charge-offs. Governmental organizations

What do creditors have to report to credit bureaus?

July 7, 2024 No Comments

What is the catch-up contribution limit for qualified deferred tax plans?

June 30, 2024 No Comments

A: The U.S. Internal Revenue Service (IRS) established a $6,000 limit on the catch-up contribution to qualified deferred tax plans such as 401(k) plans, 403(b) plans, SARSEP and governmental 457(b) plans. SIMPLE IRAs and SIMPLE 401(k) plans have catch-up contribution limits of $3,000 in 2015

What is the catch-up contribution limit for qualified deferred tax plans?

July 7, 2024 No Comments

What is the difference between a single and a married withholding tax?

June 30, 2024 No Comments

A: The difference between the amount of income tax withheld for single versus married persons in the United States depends on the amount of income earned. However, in general, those who take who take the married withholding allowance have less of their income withheld. This

What is the difference between a single and a married withholding tax?

July 7, 2024 No Comments

What is the difference between a subsidiary and a wholly owned subsidiary?

June 30, 2024 No Comments

A: The difference between a subsidiary and a wholly owned subsidiary is the amount of control held by the parent company. A regular subsidiary company has over 50% of its voting stock (it can be half, plus one share more) controlled by another company, though

What is the difference between a subsidiary and a wholly owned subsidiary?

July 7, 2024 No Comments

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