Go Back   The Finance Forums > Finance forums > Debt




Debt Discussions about debt and how to deal with debt.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 03-15-2010, 07:33 AM
Junior Member
 
Join Date: Nov 2009
Location: Arkansas, USA
Posts: 23
Default Do permenant debts lower your net worth?

Debts that you can never, ever be completely relieved of because they recur, like apartment rents, utilities payments, and alimony (unless your ex wife gets remarried).

Do they lower your net worth?

Also, on that same logic, does income from a job increase your assets, for accounting purposes?
Reply With Quote
  #2 (permalink)  
Old 03-15-2010, 06:43 PM
Junior Member
 
Join Date: Mar 2010
Location: Boston
Posts: 19
Default Re: Do permenant debts lower your net worth?

Rent & utilities are not really debt. You are paying for services and using them every month.

Alimony I would think would lower your net worth.
Reply With Quote
  #3 (permalink)  
Old 04-09-2010, 03:04 PM
Junior Member
 
Join Date: Mar 2010
Location: Charlotte, NC USA
Posts: 16
Default Re: Do permenant debts lower your net worth?

Your net worth is Assets - Liabilities. Alimony is a form of liability. I have no legal expertise at all, but I think even Alimony has a self life. Even if it's twenty years, the liability would be 20 X Annual Alimony. Utilities and normal bills are not calculated in your net worth.
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



» Boards




All times are GMT +1. The time now is 01:01 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.5.1 ©2010, Crawlability, Inc.