Sentences with phrase «allow other creditors»

You should limit the number of times that you allow other creditors to pull your credit or you may be declined when you need it the most.

They also allow other creditors to see how many times a consumer has applied for credit.

This does not remove the Federal tax lien, but it does allow the other creditors to get their money first.

Not exact matches

In a much - anticipated decision this morning, U.S. Bankruptcy Judge Steven Rhodes ruled against a group of labor unions and other creditors and allowed the City of Detroit to file for municipal Chapter IX bankruptcy.

Second, filing bankruptcy allows Fred to quickly shut down and stops creditors from continuing litigation or other collection efforts.

These circumstances may indicate that the company is insolvent and there could be a risk to us (and possibly to other creditors) that the debt will not be paid if the company is allowed to continue trading.

If you and the other account card holder can come to an agreement about who's responsible for which portion of the debt, the creditor may allow you to settle only on the part that you're liable for and let the cosigner continue payments on their portion.

First, paying off some creditors (but not others) is not allowed under the bankruptcy code because you are favoring one creditor over another.

It's up to the company or landlord when they report the payments though, and some creditors allow more time than others.

Stopping repossession of a car, truck or other property, and allowing you to force a creditor to return your property to you if it has already been repossessed

Chapter 13 bankruptcy allows debtors the option of paying out the value of non-exempt property to their creditors over time while slashing credit card debt and other unsecured debt.

Creditors benefit because no one creditor is allowed to rush in and grab up all of the debtor's assets, leaving nothing for the other cCreditors benefit because no one creditor is allowed to rush in and grab up all of the debtor's assets, leaving nothing for the other creditorscreditors.

If you don't arrange to pay, the creditor may add interest and other charges, if the terms of the agreement allow them to.

If an individual submits an application for credit, an insurance policy or rental property, creditors, insurers, landlords and select others are legally allowed to access his credit report.

From any loans you have to credit cards and other debt, the report allows creditors to decide how likely it is that you will pay back the money you want to borrow.

The credit report will allow them to see how you are treating all of your other creditors.

The ramification of this decision, if adopted by other Courts, would allow a Chapter 13 Debtor to make full student loan payments and cure payments while paying little to nothing to other unsecured, non-priority creditors.

Some creditors will calculate your credit line based on a percentage of that deposit (allowing you to spend more than you've paid in the deposit); others will extend the credit line equal to your deposit.

If a debtor's current net monthly income (based on the last six month's average), less one - sixtieth of secured payments and priority debts, less allowed expenses permitted by the IRS and certain other allowed expenses, is greater than $ 100 per month, the trustee or any creditor can request that you be required to file under Chapter 13.

Then there's the GBP 8.8 M placing / open offer cash, but I've got to allow for $ 3.2 M committed to repaying other industry creditors.

You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease, trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease, trade or otherwise transfer any «Gold» or other virtual currencies, game resources, in - game services like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access, trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement of any kind, which in substance secures the payment of money or performance of any obligation or gives a creditor priority over unsecured creditors, over any of your rights with respect to the Game, your Game account or In - Game Items.

The reporting allowed the agencies to share the creditor's data with other financial institutions for the purposes of assessing credit applications so as to promote responsible lending.

These provisions allow priority over all other existing secured and unsecured creditors but are balanced by the need to protect the debtor's existing secured and preferential creditors.

This experience allows us to appreciate the goals and critical issues of secured and unsecured creditors, equity holders, asset purchasers and other parties of interest as we work with a borrower to develop an effective reorganization strategy.

It represents a clear exception to the pari passu principle because it allows the solvent party (the bank) to collect payment ahead of any other creditors to the extent of the set - off.

Rule 60.18 allows a creditor to examine a debtor, among other things, about the reason for nonpayment, the disposal of a debtor's property before or after the making of the order, or any other matter pertinent to the enforcement of a judgment.

The Canada Business Corporations Act, RSC 1985, c C - 44, s 238 does not include «creditor» in the definition of complainant, but the Court is granted the discretion to allow a creditor, or any other «proper person» to bring an oppression action.

Alternative 2 provides flexibility by allowing creditors to manage preparation of the Closing Disclosure in a manner appropriate to their size, market, financial resources, and their own assessments of compliance risk and the applicability of other State law, Federal law, or other guidance, affecting their responsibility to supervise third - party service providers.