Questions tagged [loan]
The loan tag has no usage guidance.
26
questions
1
vote
1answer
77 views
Can you demand payment on a documented personal loan with no due date?
I loaned my sister $5000. She signed a note that says "I owe you $5,000 to be paid back sometime" She lives in Oregon
I would like to enforce this now and get repaid soon. I could wait ...
4
votes
1answer
57 views
Are US courts less likely to enforce the repayment of a loan if it is (ceteris paribus) without interest?
Apparently, in common law, a loan given without an interest being specified/demanded is at procedural disadvantage, in that a court may not recognize it as a contract, the plaintiff having to rely on ...
2
votes
1answer
63 views
Regulation of P2P lending in India
Regarding the legal aspects of peer-to-peer lending in India, I have two questions—
Whether P2P lending in India is regulated or not?
If it is regulated then what are the related laws/rules and ...
5
votes
1answer
2k views
In a divorce, in the case of a refinance, who pays for the refinance?
If my wife and I were getting a divorce and one of us wanted to keep the house and was buying the other out of their portion of the equity, being split 50/50, would the cost of the refinance of the ...
2
votes
1answer
156 views
Can you defer capital gains tax with margin trading?
Assume I bought 1 bitcoin at $0 and it's now worth $100k. I am worried that the price will drop soon, so I sell my bitcoin. Bitcoin does indeed drop and comes down to $10k, where I then decide to buy ...
19
votes
5answers
6k views
Can you avoid capital gains tax by taking out a loan and not repaying debt?
Let's say I have 1 bitcoin and I am selling it for $100k, and I bought it for $0 at the time. Assuming a Capital Gains Tax rate of 33% I would owe $33k, leaving me with only $66k.
Could I instead get ...
1
vote
1answer
151 views
What is a "Notice of Right to Cure Default"?
I am in the United States of America, specifically Colorado.
I have an auto-loan.
I made a living by delivering Chinese food, pizzas and burritos for a company.
I crashed my car and I cannot deliver ...
1
vote
1answer
108 views
A deceased signed a car loan on behalf of a relative with poor credit- what happens?
Albert signed a car loan on behalf of his son, Bob as Bob had poor credit. Bob drove the car and paid the repayments, though was not mentioned on the loan.
Albert dies.
What rights does the bank have ...
0
votes
1answer
85 views
Do I have standing to sue a credit bureau or lender after being approved for a loan but being prevented from signing due to their error?
I'm in New York.
So, what happened was that I applied for a loan from a loan agency. My credit was good, I was making good income, and my loan was approved.
I need to stress that last point. My loan ...
0
votes
1answer
40 views
Trouble understanding a paragraph within a French contract [closed]
I cannot understand the last paragraph of an article in a reservation contract to acquire our main residence.
The context: We advance 1% of the sum to "book" the Appartement we wish to buy ...
1
vote
1answer
42 views
How Are LLC Liabilities Prioritized? e.g. Are Bank Loans Paid Before Legal Settlements?
Consider an LLC that owns a rental home worth $700,000 and has bank debt of $500,000. A renter slips, falls, sues, and wins a $300,000 settlement. Is the bank debt senior to the lawsuit, leaving the ...
14
votes
2answers
2k views
is estate responsible for debt of car-loan co-signed by the decedant?
My mother co-signed a car loan for her grandson ~3 years prior to her death . He defaulted on the loan and the car was repo'd AFTER her death. Can the loan company come after her WV estate for the ...
2
votes
2answers
213 views
Refused Financing for new car loan due to charge off from bankruptcy 11 years ago
State of Michigan
My wife filed for chapter 7 bankruptcy 10 yrs ago and one of the debts was with Ford Motor Credit.
She has good Credit now and I have okay credit. We wanted to purchase a Ford ...
0
votes
1answer
70 views
What regulations specify the loan and what regulations specify the credit under US law?
What is a difference between loan and credit in the law system? Let's say US law.
What does it mean to grant a loan, use a loan or to have a credit? What regulations describe both credit and loan?
2
votes
2answers
86 views
Could government legally temporatiliy halt rent/mortgage/interest payments for the benefit of the greater economy?
I’m not well versed in economics or law by any stretch of the imagination. But I am confused with certain measures taken thus far by the government.
There is currently a temporary shutdown of vast ...
-2
votes
2answers
133 views
Is a minor liable to pay old dues to his father on attaining majority?
I had some stepfathers and an equal number of fostermothers in my life. My Stepfathers used to work in customs and central excise department of the government of INDIA. They used to be transferred ...
0
votes
1answer
44 views
Can a political party in the U.S. (or in other countries) accept loans?
There has been a political turmoil in Thailand where a political party was dissolved for taking a loan. This court ruling sparks controversies among Thai people, so I wonder if there is a similar law ...
0
votes
0answers
58 views
Can I force my ex-spouse to remove my name from a loan?
In California, my girlfriend is on a mortgage with her ex-husband. In the divorce, she agreed that the property was his, but her name remained on the loan. Later, the ex-husband re-financed the house ...
3
votes
3answers
228 views
Living in permanently growing debt to your own company
Some countries entertain corporate income tax rates significantly lower than personal:
Ireland: 12.5% vs 20–52%
Estonia/Latvia: 0% vs 20%
Sweden: 21.4% vs 32–57%
Barbados: 5.5% vs 25–38%
Say Bob ...
1
vote
2answers
195 views
What happens to loans issued by a startup if the startup fails?
I live in the U.S. Suppose that I invest $50,000 in a startup company, signing "typical" paperwork for a 55% stake. The founder then uses the money to issue a $20,000 loan at a minimal interest rate ...
2
votes
1answer
136 views
How can you enforce repayment of a loan with no due date?
Suppose you loan someone money with an informal but written agreement. No due date is specified. You know they have since obtained a large sum of money, and could pay you back immediately.
However, ...
-1
votes
2answers
56 views
How do I write an agreement between a token issuer and token bearer?
I'm making a decetralized blockchain app that lets users create tokens and sell them to other users with the agreement that the issuer will repurchase the tokens at the bearers demand. So its pretty ...
0
votes
3answers
194 views
I lent someone money then they moved out of state and stopped communicating. How do I track down this individual for prosecution?
Against my better judgement I tried to help a fellow renter, my housemate, in a time of need. I had him sign a promissory note and lent him $1200 in Virginia.
After the deadline passed I followed up ...
3
votes
1answer
335 views
Credit union holding car note, refuses to provide details of how payments have been applied
A credit union financed a car note for me. I never knew them before the loan transaction and I only have the car note there. Recently, my payments seem to not lower my loan balance as much as it ...
0
votes
1answer
80 views
Loan forgiveness letter, estate law
My grandfather passed away last year. His will was recently filed, and his sister is about to be named executor.
His sister took a $100,000, 5-year, 5% interest loan from him before he died. She ...
2
votes
3answers
166 views
what is "just compensation" during eminent domain?
The United States government uses eminent domain to seize private land for public use in exchange for "just compensation", but would the landowner be compensation for the structures on the land being ...
