Sentences with phrase «most debtors with»

Most debtors with a very low income will qualify for Chapter 7 bankruptcy.

Well, to be brutally frank, in my experience, most debtors with the discipline and financial savvy to pull off their own debt repayment program wouldn't be in a debt mess to begin with.

Not exact matches

Strike Debt doesn't buy individual debtor's debts, but instead buys bundles of anonymous debt from banks through what it says are friends on the debt broker side (apparently, the banks won't deal with anyone who isn't established, and most brokers won't sell to non-collections agencies because of liability issues).

In most cases, debt sits at the very top of the capital structure and in scenarios of liquidation or bankruptcy is first to be repaid with the assets of the debtor.

The reason why most early financial contracts with traders and other entrepreneurs took the form of debt rather than equity was asymmetric information: The creditor could not easily discover exactly how profitable the debtor's business was.

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

Most debtors admit that negotiating with creditors is something that they have to do but often avoid doing.

Although it took a number of years for the debtor to prevail, eventually with the help of a good bankruptcy attorney she was able to show that the discharge of debts in bankruptcy applies to even the most powerful of creditors.

Most Chapter 7 debtors surrender little or no property in bankruptcy and walk away with a discharge of all their unsecured debts.

Most plans require debtors to make installment payments to creditors for an additional three to five years after the proceeding, with any debt left after the plan period to be forgiven.

And, we have the example of Argentina doing it in the present with pension assets, and also when their currency blew up — most debtors faced a forced conversion to less valuable bonds.

The sad thing about our debtor's story is that most of what he is experiencing is avoidable with a little preparation and knowledge.

At times, the creditor will refuse to cooperate with the debtor in a debt settlement and so most debt settlement companies have certain guidelines and eligibility requirements to ensure that they are representing a qualified debtor.

Most debtor's responses under these loads is to want to negotiate with their credit card companies first because they have no control over their income and secured mortgages.

Although it is possible to file for Chapter 13 Bankruptcy without the assistance of a bankruptcy lawyer, most debtors will find it helpful to consult with a lawyer to ensure they are making the right decision.

Most debt collectors take this step only as a last resort because it's costly and a lawsuit may push a debtor into bankruptcy where the debt could be dismissed entirely, leaving the debt collector with nothing.

After an initial conversation with you, most provinces forbid debt collectors from contacting debtors more than this — and phone calls, emails, even voice mails all count.

And yet, most of the stories we hear have the same root cause: an honest debtor with unfortunate circumstances.

Deals with clients in business litigation such as that between Pillsbury and the SonicBlue board may be perfectly reasonable in most situations, but in bankruptcy, where the interests of creditors are paramount in a debtor - in - possession situation, such a deal undermines the entire process because Pillsbury could not be expected to fully pursue claims against the board if Pillsbury was potentially on the hook for any damages by agreement.