Managing Personal Finances (LO$T-Part 4); Being sued by a creditor, received a court summons, making payments to a debt management firm, how should i?

One couple shares their story God’s faithfulness and how following His financial principles can revolutionize your financial world.

Question by mark b: Being sued by a creditor, received a court summons, making payments to a debt management firm, how should i?
answer the summons? Creditor will not negotiate with debt management firm.

Best answer:

Answer by Steve D
Creditor is not required to negotiate with the debt management firm. Answer the summons or you will lose via default judgment. Talk to the court clerk regarding what you need to file to answer the summons. Show up in court on your court date and tell the judge you have a debt management company that is acting on your behalf. The judge will not order the amount to be reduced, but may order the creditor to work with your debt management firm. As inall of life, there are no guarantees.

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Investment Casting Process; Do I need to pay self-employment tax on personal investments?

This video explains the process of Investment Casting. Contact Brigewater Associates at www.BwAsc.com if you would like a quote for this process of creating metal castings.
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Question by illuminate: Do I need to pay self-employment tax on personal investments?
I’m self employed, but aside from my business income, I have personal investments, which have produced gains of about $ 20K in 2007. Do I need to pay SE tax on that or just my business income? Thanks for your help.

Best answer:

Answer by carolyn43
You need to ask a accountant

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