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When Lenin took control of the Russian government he canceled all of Russia's debts with two purposes in mind. One was to basically save the cost of repaying foreign loans. The second purpose was to declare, according to Lenin, Russia's independence from imperialist oppression. Additionally, it was a statement that Russia would control its own economic future.
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What is the 'blue screen' of the US Federal Reserve Board?
The 'blue screen' is where debts and potential debts are put.
How do you reduce the development gap of the country?
Ledc's pay the debts you owe to the richer Medc's or Medc's let the Ledc's off with the debts so the countries can help their country and stop thinking about the debts!
What is an insolvent estate?
An insolvent estate is a the property of a deceased individual that has more debts than assets. Often the property must be sold to cover those debts.
What major debts owed to the Federal Reserve Bank of New York were repaid in the year 2012?
The major debts that were owed to the Federal Reserve Bank in New York were repaid by Bear Stearns and AIG in 2012.
Why would other country want to stockpile gold and silver?
In purely economic terms, it is because it acts as security against all the national debts. It gives a countries lenders the confidence that the country will be able to pay back their debts.
What does he repudiate confederate debts mean?
cancel confederate debts
In what ways can one cancel IRS debts?
One can simply pay off the IRS debts. Another way one can cancel IRS debts is to get loans from banks to pay off the debts. Also, one can borrow money from peers to pay off IRS debts.
What does repudiate all confederate debts mean?
Cancel
Does chapter 7 bankruptcy cancel debts to foreign person?
BK cancels debts to a foreigner/resident alike- assuming the debt is dischargeable in the first place.
What happened to farmers who couldn't pay their debts in Athens in the seventh century B.C?
They were sold into foreign slavery to pay for the debt. It was part of Solon's reforms in the early sixth century to cancel debts and recover these people where possible.
What happened to the farmers who couldn't pay their debts in Athens in the seventh century BC?
The were sold as slaves to other cities to pay for the debt.
IS it better to prepay your mortgage or save the same amount?
If you have enough money to pay off your mortgage and no other debts, you should pay it off. If you have other debts, you should pay off those with higher interest rates before those with lower. If you have credit cards, you should pay them off and cancel them.
What was the debt of Russia after World War One?
The level of debt in Russia was almost insurmountable after World War I. It amounted to 8,000,000,000 rubles. That was more than their economy could produce. These debts were impossible to repay. The new Bolshevik government had to pay part of this. If not then economic trade with Russia would have been severely hampered. Some debts Lenin simply canceled.
What does the term discharged mean?
It basically means to cancel or relieve an individual of an obligation of debt. A bankruptcy court may issue an order of the court that the debts of an individual or business are absolved or do not need to be paid off.
What happened to farmers who couldn't pay their debts in Athens in the sevenths century B.c?
They were sold into foreign slavery to pay for the debt. It was part of Solon's reforms in the early sixth century to cancel debts and recover these people where possible.
What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
What happens to your school loans when you die?
Generally, when you die your estate (assets, property, money) pays your debts first and what's left goes to your heirs.Your heirs don't inherit your debts but they don't get what's left of your estate till the debts are paid.If there is nothing left after the debts are paid, they get nothing, or if there is not enough to pay the debts then the balance of the debts die with you.If you have significant assests you might want to consult a qualified estate planner.
