Sentences with phrase «actions by creditors»

With a three - business - day requirement, the timing of particular actions by creditors and settlement agents may shift forward, further reducing the probability of closing delays.

Upon completion of filing your petition, any collection actions by creditors must be stopped.

Because it is filed under the Bankruptcy and Insolvency Act, a consumer proposal still stops collection calls and all legal actions by your creditors.

These types of actions by creditors can appear to a bankruptcy court that they are actively trying to collect a debt against the automatic stay.

Chapter 7 and 13 bankruptcy will put a stop to all collection actions by creditors, including foreclosures, repossessions, and garnishments.

The act ensures that you are protected from legal actions by your creditors and means that your debt repayment follows a strict and monitored process.

An administration order is a court order which stops further action by creditors whilst you make payments to court.

If you keep to the terms of the order by paying the right amount on time, any further action by your creditors is limited.

The court provides legal protection against further action by creditors.

But, the worst - case scenario is that you could be required to pay a debt balance in full in the event of legal action by a creditor.

We can give no guarantees that interest rates will be frozen or reduced, or that legal action by your creditors will be stopped.

This prohibits any further action by your creditors to collect their debts from you.

In most cases, when a person files Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay order, which prohibits any further collection action by creditors.

Not exact matches

Once an administration order is granted you would be protected from any legal actions being taken by creditors and any interest charges would be frozen, so your company would have the opportunity to improve cash flow without facing the threat of bankruptcy or compulsory liquidation.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

«I say with all the strength at my disposal that a cheque drawn by Woyome in favour of the Economic and Organized Crime Office, which was not a party to the action or the judgment creditor, can not be a cheque in part payment of the unconstitutional monies ordered by the Court to be refunded to the Republic.

Governed by the same law as bankruptcy, a consumer proposal stops all collection and creditor actions as soon as you file.

By filing bankruptcy you receive immediate protection from creditor actions like harassing phone calls and legal threats and you stop dealing with your creditors.

A default notice and any court action that are reported by your creditors to credit bureaus, for example, will hurt your credit score.

The legal procedure allows you to settle your financial obligation for less than you owe with the help of a gov» t Licensed Insolvency Trustee, by discussing, formulating and implementing a compromise (deal) with your creditors while under court protection preventing them from exercising their normal rights everything stops, including collection action unless specifically exempted, like child support.

How quickly information is updated — there is sometimes a lag between when you perform an action (like paying off your credit card balance in full) and when it is reported by the creditor to the credit bureau.

7) A due - on - demand clause - The exceptions are if: a) There is material misrepresentation or fraud by the borrower in connection with the loan; b) The borrower fails to meet the terms of repayment in the agreement; or c) There is any action by the borrower that negatively affects the creditor's security.

These are secured loans, the property guarantees the loan and the creditor can rest assured that if you fail to make the monthly payments he can recover his money by means of the legal action of repossession.

We are all too familiar with these tactics and have developed the best known plan of action to make sure the creditors as well as the credit reporting agencies adhere to and abide by all the rules and regulations of the Fair Credit Reporting Act.

By law, all actions to get you to pay your creditors must stop as soon as the bankruptcy documents are filed.

If these actions reveal mistakes by creditors, follow up with the credit bureaus to make sure the inaccurate information has been removed.

After the initiation of Chapter 7 or Chapter 13 Bankruptcy an automatic stay will stop creditor collection actions against the debtor by credit agencies.

If you do not keep to the terms of the IVA then the insolvency practitioner (IP) or your creditors can take further action against you, for example by making you bankrupt.

What makes it so different is the way information is shown to you and how you can interact with your creditors by using action buttons.

ICFE DCCS ® Independent Study Guide Table of Contents Consumer Financial Protection Bureau to oversee debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources

ScoreMaster ® is a simulator showing possible outcome (s) of your credit score based upon certain actions you may optionally take that affects the statement balance reported by your creditor or bank.

The antidote to both anxiety and fear is to take steps to take control of the debt, such as by drawing up an action plan, talking to debt counsellors and perhaps creditors.

Additionally, once protected by the OPD program, a creditor can not take legal action in pursuit of outstanding debts.

However, unless a class action is brought, or the 3 credit agencies decide to put a notation on accounts that were dropped by creditors which then hurt fico scores, we are screwed.

You may be able to agree a plan of action by simply discussing your situation over the phone or in writing with your creditor.

Bailiffs are often used by creditors after court action has been taken.

A letter sent by recorded delivery at this stage may avoid the need to take further action against the creditor.

How to Contact Your State Attorney General's Office — If you believe your rights have been violated by a credit bureau, creditor, or collector, you may want to consider legal action.

If your Action request is approved by your creditor, they will automatically update their records and the records they send to Experian, TransUnion or Equifax.

This means that although you still owe the money, the creditor may not be able to get the money back by taking legal action.

The discharge is a court order that permanently enjoins creditors from taking any action against the debtor to collect on a debt owed by the debtor to the creditor.

The creditors that you listed in your filing will be notified by the bankruptcy clerk that you have filed for bankruptcy and most collection actions must stop, including foreclosure proceedings.

Please Note: You will not be protected from action by your new creditors if you run up any new debts after you enter into the trust deed.

For example, if you have stopped making payments on your credit card on June 1, 2006 and the credit card company sends you a letter demanding payment in full on December 1, 2006, your SOL time frame begins on that date provided no further action is taken by you or the creditor.

(3) Any creditor licensed under this chapter adjudged after May 20, 1996 by a court of competent jurisdiction in any civil action to be in deliberate violation of or in reckless disregard for this chapter shall within 10 days of such adjudication forward a copy of the judgment to the administrator.

Bankruptcy is a legal action that can be brought by either the debtor or the debtor's creditors.

Chapter 7 bankruptcy gives you a fresh start by erasing your debt fast and immediately stopping aggressive collections actions and calls from creditors that can cause stress and anxiety, negatively impacting your quality of life.

If the debt is regulated by the Consumer Credit Act, your creditor can't take any of these actions unless the account has defaulted.

Sometimes you may have a financial emergency and not be able to wait for the creditor to slow the loan process by suspending action for three business days.

This prohibits creditors from taking any action to collect debts or from taking property which may be secured by the creditor's loan.