Can I chase a penniless at a after that stage to get better money?
Question:
I am owed money by someone who was supposed to invest surrounded by his business but used it to purchase a house. He evaded repayment and then file for bankruptcy. I wonder if I can chase him for this money at a then stage once the bankruptcy have been lift. How do I find out how long he will be bankrupt for? The police are not interested contained by the fraudulent use of my money saying it be just a desperate business deal.
Answer:
No, you may want to consult an attorney to directory a possible dischargeability complaint. Check the notice you received from court, because you own a deadline to file that complaint (usually 60 days after the dialogue of creditors)
You cannot. Once he files bankruptcy he cannot be contacted by anyone to collect a debt. It is against the directive to pursue repayment after it is filed.
sadly there is not much you can do except take him to court and return with a garnishment perhaps. since he is contained by bankruptcy they may or may not allow it. you won't know how to wait until after the collapse has lift because there is a piece called a statute of limitations on collecting a debt. its as a rule around 5-6 years depending on where the debt originate.
Once someone is declared bankrupt, adjectives his/her debts are deemd to be wiped out, and he/she cannot be forced to wage any money back, even if the subsequent week they were to win 5,000,000 on the lottery.
If you be listed within the bankruptcy at hand is nothing you can do. Once the BK is discharged the creditor no longer have a legal constraint to pay you anything more afterwards what you received through the bankruptcy.
The merely possible hope I see is for you to file next to the trustee and see if the BK can be dismissed due to fraud. I'm not sure if it's possible after the bar date, as it should enjoy been file early contained by the BK proceedings.
Contact a lawyer to verify this.
Is this money launder?
Question:
I lent someone money on the understanding that it be to be invested in his business and that I be to be a share holder. The money was used to put a deposit on buying a house, against my erudition. This house has very soon been sold. The money be never recovered and the person have now file as a bankrupt.
Answer:
No. Money launder is taking money from shady things like drug dealing and breed it it legitimate money through an assortment of means.
Stupid you
its not money launder but does sound resembling fraud
No it's not , you have be had sucka !
It is not money launder. It is bad reliance.
did you have anytype of contract drawn up? if you are screwed man.you could take it to court but if you own no proof that you gave him the money consequently its your word against his, plus he just file bankruptcy...so sorry but sounds close to you lost out in a existing bad method
Unless you had a contract next to how the money should have be used, you are just out of luck!
Can you lend me some money please.it's for a up to date business I am going to invest in!!
YOu should enjoy got a reciept forthe transaction, later you would now count as one of his creditors and should know how to apply for some money back
no it sounds more similar to fraud, ring your local police station (dont dial emergency number, use the switchboard) and they will be able to support you as to whether a crime has be committed and if so you could press charges. As per the bankruptcy you inevitability to add yourself to the enumerate of creditors to have a indiscriminate of recovering your money - but move fast - obtain advice from a advocate on the bankruptcy aspect. but if you cant prove lend the money, not sure what chances you enjoy of getting it back.
my adivce, break the guys legs. general public like this want to be taught a lesson
not money launder but sounds like a big scam to take your moneyhope you had something surrounded by writing, if so take the paperwork to a attorney and see if you can sue this person
That does nouns like Fraudulent ways. As the saying go " A fool and his money are easily parted"
It's not money launder, but I would call my advocate if I was you.
Fraud and embezzlement. Money laundering is when someone turns risky cash (money earn through illegal means) within to legal brass.
That's theft, but not money launder. Laundering occurs when stolen money or money obtain thru illegal deeds, like drug dealing, is deposited into a lawful bank (with the cooperation of some hill employee) into off-shore bank accounts or into a lawful bank vindication under a seemingly commonplace individuals name. Then the criminal types depositing the money own access to the account where on earth the money is without raise any suspicion of law enforcement folks.
No. Money launder is cash contained by hand money which have not been declared for Tax purposes and property buying be a way of hiding this money from the Tax man. When the property be sold at a later date, charge would only enjoy to have be paid on the Capital gain, so it be a way of hiding taxable money from the Tax man. Investing surrounded by a business is not money laundering, but it would hold been astute for you to have have a Contract drawn up. As the person have now file for Bankrupcy there is practically no accident at all for you to carry your money back, or indeed, ever be entitled to it vertebrae. If the money you loaned your friend had not be declared for tax purposes. For example, the money did not come from your wages where on earth the tax is usually deduct by your employer, then you would still be liable for the due on this money. Hope this helps.
Please find a correct tax attorney and ask if he can prepare a cubicle 165 claim for you. It is an IRS remedy for theft loss. It's a approach to deduct the loss against your taxes. This "loss" can convey forward until you use it up. Not the same as TRUE money in mitt but it beats the hell out of zilch at all.
You MUST profile for this the same year the investment debt become uncollectable. Do not delay.
Sorry it happen.
No.
Nope. Money laundering is turning dirty money(illegal get and gains) into clean money by investing it into a mixture of business ventures, depositing it, etc. It's what crooks do to so they can use their spoils. Remember, any deposit of more than 10, 000 dollars dosh will be reported to the Feds.
You, my poor fellow, have be taken. This is fraud, criminal fraud. A person cannot nick business funds and use them for person things. An exception would be taking profits as income. I'm guessing this be a house flipping venture beside your money. The housing market, contained by some areas, has gone downhill and the guy lost the house and your money. Hopefully, you enjoy something in writing explaining what the funds be suppose to be used for? If not, it's your word against his. Call a lawyer today!
The disappointed part is, even if you embezzle the guy to court, win and he goes to jail-the guys supposedly in receivership. He may have zilch left to lose, and you zilch to gain. I say but him surrounded by jail, thieve everything he has to reward yourself back. Stand contained by line though. I would conjure he has several creditors waiting in front of you.
This is not money launder as such, money laundering is filter the proceeds of crime and usually relates to drug trafficking etc.
Whoever you lent the money to has obtain the money by deception - this is a crime, the problem is proving it!
Did you enjoy an agreement in place in the order of the business?
Can you provide proof of lending the money?
Either road, as the other party have filed as a ruined, the likelihood is that you will be inept to recover it.
I give attention to you should take endorsed advice from a solicitor, most small local firms grant legal clinics at weekends for free, check your local the Fourth Estate.
Citizens advice centre may be able to help out also.
Can you set up cohesive dune accounts for a few friends?
Question:
Myself and my 2 house amtes want to set up a joint edge accounts together for bills etc. My friend thinks nearby are 'friend joint hill accounts'. Is this true, if so where are they?
Answer:
you can obtain any regular account even if you are not related/in a relationship etc. If in attendance are more than 2 on the account individual certainbanks do it. Try barclays or natwest, I have an report through Barclays with my 3 friends where on earth we save for holiday money etc. Hope this help. xxx
asking for trouble if you do that
I think you can, but it could mingy trouble in the long run.. pay attention, you may think you really know your house mate but you never know... think almost it carefully, we enjoy a home business and wanted to put our driver on the description and our banker strongly advise against it.. that was TCF
There are ways to grasp the same wall account. I would turn see your local bank.
ya u can do it ..
if u want to carry more information abt bank accounts..try this..
It is possible. It may be easier to set it up within the name of a trust. A partnership works too but could potentially involve stupid rates reporting.
You can have united accounts with anyone you similar to. Just be careful that you don't obtain into debt or other trouble with these friends.
You can set up combined accounts, though they are usually used by married couples. If you set up a joint sketch with individuals such as you describe, be sure the administrator of the account is fully bonded and insured - otherwise you are awfully very credible to come to regret even thinking about such an tale. Such things get actual complicated real brisk! Being young and impracticable, you probably can't imagine your friends shafting you, but it happen all the time! Your best bet is to articulate to a professional banker going on for the best options for you and your friends - adjectives you need to do is, one of you wishes to have an involved account at a sandbank. Such counselling services are part of the services bank offer, but singular to those who have accounts near them. You just jump in or appointment and ask for an appointment with an guide - you may have to explain purely what it is you want to talk nearly when you call to variety the appointment so that the person you speak to can determine who best to set up your appointment beside.
you could but you shouldn't. doing it for family and close friends are a primary headache much less for a different friend. It's a bad model, very desperate.
yes, you can. These are aimed at all sorts of voluntary organisatons such as scouts, charities, community groups etc.
COOP do the best, natwest, postoffice and most others do them.
You may hold to pay if you are not a charity and don't reimburse in any salary.
Or you can just hold any current account next to joint access.
yes you can, but as above be unbelievably careful, if it is to cover bill paying single you would have to be assured by respectively friend and yourself that they won't drop you in the s--t. I wouldn't do it intuitively. xx
yes you can. you will have to sign a pooled account mandate stating that you are adjectives responsible for the acount should you go into arrears etc.
you will also sign to determine how you will operate the reason e.g. any one of you can sign the cheques (you will have to trust respectively other!) or any 2 of you can sign, or you can have it so that the 3 of you must sign.
Yes you can.
Its only just a normal current justification that has 3 party.
You will all involve Identification and proof of address and you will all be credit checked by the hill that opens the statement.
You will all be equally entitled to and liable for any stability on the account.
It will entail a lot of trust from adjectives parties.
You will instruct the hill by way of a mandate to allow adjectives or any combinations of you to sign cheques direct debits etc
Dude, you must be smoking too several "joints" if you think this thought would ever work, please
Here in the United States several individuals can apply to accessible a joint hill account and who ever is going to fashion deposits or write checks just signs the application. It is zilch new co-habiting individuals (who at the on set, claim to be friends) do it adjectives the time. They both share in the responsibility of keeping the story balanced or can be sued to collect for unpaid overdraws. Which can be a problem for the most responsible personage because it is always he who ends up holding the rucksack, be it empty or worse. But what do I know, I am simply an American girl.
I am planning on taking a 401K loan - is it true the interest salaried is returned to my 401K vindication?
Question:
I seems close to a good loan to purloin as long as it is paid wager on in the alloted time and doesn't shift into default. Any other considerations?
Answer:
If you run a 401K loan it is true that the interest you pay go back into the reason. Generally the interest rate is around 5%. The lengths of the loans ebb and flow but is usually a 10 year process. When you contribute to a 401K the contributions are all taken pre-tax so in that is a benefit in lowering your taxable income. When you clear the loan back, the payments are taken after levy so there is not much benefit. If you earn more than 5% interest surrounded by your 401K(most people earn at least 12% later year), it is probably not a good notion to take a 401K loan as you will be losing potential interest on your investment. Another entry to consider is changing employment after the loan is taken. If you set out your company you will have to payment the loan back right away or you will pay severe penalty for the disbursement unless you are 59 1/2 years old.
It is a honourable idea because you are simply paying back yourself near interest. It would be a good opinion to have the payments taken out of your paycheck, that instrument you don't even miss the money and you won't default.
What are you using the loan for?
Dipping into the 401k is one of those things that should be final resort. Most have rules against it. Money from in that will cost you quite a bit surrounded by future returns. It needs to stay within place in directive for it to be of any use.
I once heard that you should lone borrow money in instruct to make privileged circumstances. A lot of people do not do this in our time. Getting a house is a good article to use a 401k loan for but if you could find another way, I would guidance finding another way.
Yes it's true that you earnings the interest back to yourself. In faultless cirmcumstances you can qualify for a hardship disbursement- medical emergency, house purchase, child's literary expenses, among several others. You don't have to compensate that back- you can, and have 3 years to do so, but if you don't discharge it back, you'd have need of to pay taxes on the disbursement, but can do that over the 3 years instead of adjectives at once ( I did this once and it worked well for me. I increased my contributions % afterwards to help out offset the disbursement).
I believe that it true, however, you don't gain the benefit of compound interest that you would if you disappeared your money in the 401k. For example, if you own $10,000 in your 401k and you get hold of a loan for $5,000, there is simply $5,000 remaining in the 401k to gain you money. This $5,000 earn interest. The interest it earns will also eventually earn interest.
If you run a loan, you lose that earning power of the compounding interest, instead one and only paying yourself back a flat interest rate. In borrowing from your 401k, you also pilfer a large levy penalty which further diminishes the return you are getting.
Unless an unqualified must, I would highly recommend against this.
Yes that is to say how it is paid posterior.
Other considerations, will your investments perform better than the interest rates on the loan?
Is that the just source of loan or would another loan provider be a better source? (home equity loan, student loan).
If you leave your chore, it may all come due at once.
Yes, you bring the interest, so you're paying interest to yourself.
However remember that your 401K is earning interest too-- so you hold to figure that if you are paying 10% on the loan and your 401K have a history of earning 6%, you're solely paying yourself 4% and the other 6% is the true cost of the loan to you.
Also if something happens, similar to you lose your job, the full amount may be due directly or you risk the penalty fees in general asssessed with a 401K bill.
This is a VERY BAD idea. If you take laid off or quit your situation before it is salaried off, you own 30 days to pay the undamaged balance or suffer duplicate taxes & penalties as an hasty withdrawal! Also, you cannot receive extra payments on it if you decide to wages it off impulsive. You have to reclaim up the whole be a foil for & pay it at once or jsut tolerate it get salaried back a paycheck at a time. Furthermore, from an employer/acctng dept perspective, it make you look like you can't order your money well. Finally, most of these loans foot off over a long time of year even if the amt is small. Ex: a $1000 loan amortized over 5 yrs. It's just foolish. You conclude up paying yourself 5% interest instead of leaving that money alone to earn 12% within a good mutual fund.
Get a second profession for a short time instead, own a yard Dutch auction or sell some stuff on ebay. You might cram something new & you won't be contained by debt when you're finished spending the $$.
I don't know where general public come up wiht this 5% figure. Interest on a loan have to be at or very fundamental market rates. Most plans use prime +2% which money right now just about 10%. So the differential between what you would earn in your portrayal and what you pay yourself within interest is relatively low and y our account won't be hurt that unpromising. Beware of a 5 year loan though. Rarely do people stay beside an employer more than 5 years...if you leave, you'll enjoy to get your hot employer to accept the loan or you'll own to take the distribution which process taxable income to you and you kill your retirement.
It's a second resort thing...done properly it will work out. But if you start out your job later it's pointless to have done it...newly means you own to work an extra year or two before retirement.
Saving money?
Question:
I am going to Spain for three weeks. The trip is already paid for but I will involve spending money for snacks and shopping. How much money will I need? Any thinking on saving money? I am 15 years hoary and a female
Answer:
Bring $700 to $1000.oo
If you with the sole purpose need snacks next perhaps $300 but any amount of shopping will require more. Be prepared to find something you expect you can't live without. It would be a pity if you didn't bring ample money to get it on this trip of a lifetime. : )
okay i go to spain last summer on a arts school trip and 200 dollars was ample
No matter how much you stockpile it may never be enough. I would liberate as much as I could until my vacation. Then I would do the math and set a day by day limit and not progress over it. This works well for me and can for anyone else who have the power to exercise a little self discipline.
What is the help of computing the present good point of outflows within making lease vs. buy decision?
Question:
Answer:
The advantage is that you will truly be able to amount out what the better deal is.
I tried to run a credit report on-line but Experian couldn't bestow it to me.?
Question:
They said they were inept to process it on-line. I would have to spread out a form and mail it to them. What does that be determined if you can't get it on-line?
Answer:
This is an excellent website to use.
Did you speak directly to anyone?? If it be only over the computer it's possible their computers be down. It might just denote they were updating their systems. Try online again as alot of companies use the weekend to do updates. If that doesn't work here should be a contact number on the site. Call them and ask directly. It's probably just a glitch. Also, try to use one the other credit reporting companies. If that works it must be them. If it doesn't it's you. Either style you need to speak to a human.
If a human told you they can't do it online consequently again try another company online. If they can, call Experian rear legs and say, "What's up??"
Don't dance to that realmoneyidea site. If you look at his answers he suggest that for every question.
Try here,
http://credit-repaire.blogspot.com/...
Can I contribute to both a Traditional and Roth IRA surrounded by a single yr?
Question:
I have engender less than $100K a yr. I open a traditional IRA using a 401K rollover from an old errand. I also created a Roth IRA. Can I make contriubutions to both IRA's? The max on both is $4K. Can I place $8K total into these accounts?
Answer:
You can contribute to both types of accounts, but the total contribution to IRA's within one year is $4,000. The 401K rollover has nought to do with the allowable contribution for the year.
If I own a hoard narrative which I on the odd occasion appropriate money out of would it be better to switch to another generous...?
Question:
...of account to go and get better interest? If so which other types of (savings) accounts would I be better off beside? I'm talking in the order of general types which adjectives banks hold out (bonds etc.). Thank you.
Answer:
Call your bank and see what they submit, most have available money flea market accounts, Cd's, you may even want to shop around to different banks..
Don't really know much almost it - but i know ISA's are good if you don't repeal money and only take-home pay it in!!
why yesyou can other put them with me...I gross sure I'll spent them wisely
Have a look on "this is money" they find bank with the best intrest rates for the conditions you choice to keep your money contained by
Ask about a Money Market information. It earns a complex interest rate, and you can only cancel about 3 times a month.
Or ask your guard about an "deal" they enjoy on a CD. Some just require $500 to open but your money is tied up for 1 year or so.
If you're babyish, talk to a stockbroker and buy some stock. Start out small if you hold to. And plan to keep it a while - 10 years or so.
Good luck.
Invest within Fixed Deposits.
this site might help u for this business even if not it will assist u for ur other personal stuff
www.MoneySavingExpert.com
you want an online high verbs no fee account- i use emigrantdirect.com or you can try ING direct, or capitalonesavings- rates are give or take a few 5%
1) Yes.
2) ETFs, REITs, Mutual Funds, Stocks and Options.
involve in the region of lb100000?
Question:
to start me up to be my own boss
Answer:
Why are you telling us and not a guard manager?
Me too. I would love to be my own boss. Go enjoy a word with the guard.
OK, so we need to know this because?!?!
And what is the cross-question?
I'm my own boss and it's cost me nothing. I lately do what I want all afternoon - free!
if I had lb100000, I could retire never mind in the region of being my own boss.
Sounds resembling a lot of money. See your wall manager. Good luck.
How would you resembling it sir! ' large bill's or small bill's'!!
What sort of business are you going to start beside that chump change? Dude - I blow more than that on 1000 quid a dark whores & coke alone!
well you wont grasp it from us dear...go to a sandbank
Hello, I am chris peter.Do you need a loan.Are you financially down?Are you contained by debts?Do you want to pay up your bills?I tender out loans at 3% interest rate.I give out loan to personal and business loan to Business Men and women who are into Business transaction, I hand over out long term loan for three to five years maximum beside your interest in this you can as in good health tell me the amount you stipulation so that I send to you the expressions and condition that is if you are realing interested within getting a loan from me, Loan is given out in Pounds and $US the maximum I hand over is 1,000,000 both in pounds and $US and the minimum 1,000 pounds and US$ so if really you are interested post for more info on how the loan can be transfered to you. There is one Question i have to ask are a serious individual that we rob a loan and pay subsidise after duration with the interest, if you are honest I will trust you because I resembling to do business with Honest relatives if you are one you will get the loan next to out problem and for your information if you should more loan like $10,000,000m I can endow with only if you are one of these cartigories: Manager of a company A private Holder A broker contained by banks A director within any office or company A lofty investor of and compay If you are one of the following you can get $10,000,000US as loan or if personal loan you can request for 5,000-5,000,000 as loan. hope to here from you soon. Name In full____________ ____________ Phone Number ____________________ transport these info it is important. Mind you loans is given to every member of the world only if i see you to be honest and will recompense back after duration. If you are interested you hold to send the amount you call for as loan so that i can give you the lingo and condition on the loan for your information loan are given to every part of the world on honest populace so if you are honest apply for the loan now. email chris_pers_lender@yahoo.com Thanks.
Yeah, me too!!...;
don't verbs my friend u can get it confidently...u can get it by business loan near very low interest
this source emphatically helps u..
Well you want a business plan and a list of assets, next you can look for financing.
Apply for a commercial loan at www.surefirefinance.co.uk
Hi,
Nobody will lend you that much money: 1- Nothyng telling me that you know what you want the money for. 2 - To be your own boss you involve to be organised. 3 - If you seriously need that much money, you stipulation to write a business and marketing plan and present it to investors. Who will see how it's going to benefit them.
Be professinal when addressing this issues.
NB: Otherwise contact Peter Chris above... Is he pure?!!
God Bless
I suggest you to start with lb10.000.00
I don't enjoy the answer, but I'm sure someone will see your question and answer your request. I read some of the answer and in attendance are a lot of insensitive ancestors out there. Don't make a contribution up.
Suppose you’re an attorney?
Question:
In a case you’re presenting to a
federal court, you argue that the character you’re defending
suffered cruel and unusual punishment. Which Amendment
of the Constitution should you cite?
A. Amendment III
B. Amendment IV
C. Amendment VIII
D. Amendment IX
Answer:
I do not know, but if I were you, I would look up those amendments and see which one fits.
Has anyone tried Matthew Lesko's program of free establishment money?
Question:
If so, what was your experience? Was it worth it? What did you do beside the money?
Answer:
Your local library probably has a copy of one of his books. You've get nothing to lose by looking. I looked at it and most of the grant had such specific criteria that almost not a soul could qualify. There is no free lunch! I like his jacket though.
My wife get that big book and still can’t make sense out of the grant. I talk to other inhabitants and they told me that it has so much outdated info approaching old numbers and address and programs that it was not worth it. I hold yet to verify this. I be just to boring for me to look at and my wife never did any entry with it.
I tried to get hold of into becoming a non profit and getting some grant money to support out society with my Christian plans to support the needy but the paperwork involved be so difficult that I just lost interest contained by going this route which I knew be more reliable then Lesko's info.
who to carry rich?
Question:
Answer:
its very unproblematic to get rich u solitary require two things
1. A good business plan
2. A handsome money (u can rob payday loan) http://instacash.cjb.net/ that help you to revolutionize your business
I want to
Me to
Here is a list of flawless websites offer money making opportunites for anyone. Check them adjectives and find which one is best for you,
http://moneymakingg.blogspot.com/...
I don't know Tonto.
My mother is incarcerated and her hill sketch is overdrawn what can I do if i am not on her tale?
Question:
Answer:
Seems like you could deposit money...only just not withdrawl it! Ask at the bank, I don`t know speak to the branch manager...
You don't want to be on her account to craft a deposit.
It's often possible to cable money from one account to another, so you could chain in adequate money to deal next to the overdraft. Talk to your banker to see what's possible.
IF HER ACCOUNT IS OVERDRAWN AND YOU ARE LOOKING TO REFURBISH IT, GO AHEAD. ANYONE CAN DEPOSIT MONEY INTO A ACCOUNT AS LONG AS YOU FILL OUT A DEPOSIT SLIP. YOU CAN NOT HOWEVER TAKE ANY MONIES OUT. HOPE THIS HELPS.
YOU CAN MAKE DEPOSITS BUT NOT WITHDRAWLS-you can attain added to her acct- if she wants you on- and she would hold to be there - for you to sign- unless the wall is doing something new- which I doubt-D
get her deposit slip, or usually the guard will let you deposit money, they a moment ago wont let you annul from someone account
simply put: DEPOSIT MONEY into her article. that's it. you don't even have to swarm out the deposit slip if you dont know how, usually they will if you don't. but you have to know any he account number or social. too plentiful people hold the same first and finishing name in our time.
Her bank explanation is HER problem... if she is in reformatory then the guard can simply wait.
You are not to do anything next to it as long as your name is no how associated near this account !!
Leave things alone... you are not liable ! Be content!
If one loses a slander lawsuit, can bankrupcy be declaired?
Question:
Would declairing bankupcy after the loss of a lawsuit (for slander) annull the debt? Or is this excempt from bieng written off on bankrupcy.
In quebec canada.
Answer:
I assume the awfully basic principle of the certainty that legal findings can NOT be undo by bankruptcy is alike in the USA and Canada. The point of collapse is to give fresh start from creditors, not the ruling. The system could fall apart if officially recognized findings could be undone by something as relatively simple as file bankruptcy.