What does FTB mean in court?
What does FTB mean in court?
legal order franchise tax board
If the California FTB orders your bank to remit money to pay a tax bill, the bank will usually notate this a “legal order franchise tax board,” or in variation, “legal order debit franchise tax board.”
When to file a case to demand payment of debt?
(Sec. 5, Ibid.) This is followed by a preliminary conference set not later than 30 days after the last answer is filed to discuss matters such as possible amicable settlement, stipulations and admissions of the parties, and other matters. (Sec. 7, Id.)
When to go to court for a letter of demand?
Should you go to court? A letter of demand is a letter from the other party asking for money to be paid. It often warns you that if this is not done they may start a court case to recover the money you owe them. When you receive a letter of demand, this might be the first time you find out that someone is chasing you for money.
Can a court order you to pay back a debt?
If you have income that is execution proof a court cannot order you to pay back the debt from that income. But if you agree in a repayment plan to pay a sum out of the protected income, the court can make you pay. « What if I do not show up at a…
What happens if you miss a payment on a default notice?
You’ll have 2 weeks to make any missed payments you owe. The default notice will tell you how many payments you’ve missed and how much you need to pay. If you can’t afford to pay, ask your creditor if you can pay in instalments. If you only agree to part of the debt, reply to your creditor in writing.
What do you mean by demand for payment?
A Demand for Payment is a formal, written document detailing a debt owed. This document also outlines how a debt should be paid, and the consequences if it isn’t repaid by a certain date.
(Sec. 5, Ibid.) This is followed by a preliminary conference set not later than 30 days after the last answer is filed to discuss matters such as possible amicable settlement, stipulations and admissions of the parties, and other matters. (Sec. 7, Id.)
What happens if you dont send a demand for payment?
There are a couple of potential consequences for not sending a demand for payment. The first, and most obvious, is you may never get paid. Consider, just as you have many things going on in your life, so too do the people that owe you money and it’s possible they simply forgot about their debt.
Can a person access a court ordered debt account?
Only individual Court-Ordered Debt participants or their authorized representatives may obtain Court-Ordered Debt account information. Unauthorized access to account information is unlawful as described in Section 502 of the California Penal Code.