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Who is the creditor for the debtor?

According to the law, the creditor of the loan has a number of rights to recover benefits which he temporarily entrusted to the property of another person. If the person defaults …

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Inheritance of debts – how to reject inheritance with debts?

Debts left by the deceased are inherited along with his property. Only a few years ago, the situation was extremely unfavorable for the heirs, who were responsible for all debts left …

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What is the promissory note for loans?

Loan companies are trying to secure collateral for larger amounts. This guarantees the ability to recover the borrowed funds when the borrower avoids repayments on time or simply loses liquidity. The …

Inheritance of debts – how to reject inheritance with debts?

Debts left by the deceased are inherited along with his property. Only a few years ago, the situation was extremely unfavorable for the heirs, who were responsible for all debts left …

What is the promissory note for loans?

Loan companies are trying to secure collateral for larger amounts. This guarantees the ability to recover the borrowed funds when the borrower avoids repayments on time or simply loses liquidity. The …

Borrowing money from family or friends and taxes

The loan is a civil law transaction for which a tax of 2% must be paid. These rules also apply when borrowing money from family or friends. Please note that with …