Sentences with phrase «approved by your creditors»

An independent expert's report into Atlas Iron's debt restructure plan has found lenders would get a much lower dividend if the scheme isn't approved by creditors later this month.

The slightest amount of bad credit is devastating to your chances of being approved by a creditor.

If approved by your creditors you will have a binding debt repayment contract.

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.

Find an amount that works within your budget and, once the plan is approved by your creditors, you're on your way.

Whilst over 90 % of IVA variations are approved by creditors, there is a chance that your creditors will not accept the new terms.

Similar to a consumer proposal, it must be approved by the creditors and the Court.

Not exact matches

If approved by a federal judge, the bankruptcy would force Detroit's thousands of creditors into negotiations with Orr to resolve an estimated $ 18.5 billion in debt.

ATHENS, Greece (AP)-- Greece's left - led government submitted to Parliament late Wednesday a new package of creditor - demanded tax hikes and reforms worth 1.8 billion euros ($ 2 billion), which it hopes to have approved by lawmakers in time for a meeting of European officials next week.

On approval, the amount that's ultimately repaid to your old creditors is determined by the credit limit you're approved for on your new card.

On the other hand, according to the Measures for the Administration of Securities Investor Protection Fund 《 證券投資者保護基金管理辦法 》, the functions of China Securities Investor Protection Fund (CSIPF, 中國投資者保護基金) include «indemnifying creditors as required by China's relevant policies in case a securities company is subjected to compulsory regulatory measures including dissolution, closure, bankruptcy and administrative takeover by China Securities Regulatory Commission (CSRC) and custodian operation» or «other functions approved by the State Council».

This type of credit check is typically done by creditors when they want to see your entire profile in order to approve or decline you for credit when you are applying.

SurfStitch creditors overwhelmingly approved a rescue plan by Alceon Group's EziBuy despite a last - minute attempt to postpone the decision.

Ending what has been a tumultuous six - month long negotiation process, last week the Greek Parliament approved the first package of austerity measures required by Greece's creditors as part of the «Greekment» reached in the early morning hours of 13 July 2015 in order to initiate talks on a Third Fiscal Adjustment Programme (or «Memorandum») and avoid Greece's expulsion from the Eurozone.

Rayburn has said OTB will run out cash very quickly — some time in December — if lawmakers don't approve the restructuring plan that has been agreed to by most, albeit not all, of the stakeholders (unions, creditors, etc., although the horsemen, in particular, aren't thrilled).

A consumer proposal is approved if a majority of creditors (based on the dollar value of proven claims) vote yes after which it is approved by the Court.

If you suggest debt negotiation, you may not get an answer right away; instead, it may need to be approved by top officials of the creditor, but chances are they will work with you.

Usually you can not redeem just by paying the amount in arrears unless the creditor approves it.

Learn how to negotiate with creditors on your own, and get approved for a credit card hardship program directly through your bank, by visiting this page next.

Instead of wiping out your debt chapter 13 allows you to make your creditors comply with a debt repayment plan approved by the bankruptcy judge.

Once a consumer proposal is accepted by your creditors and approved by the court, none of your creditors can change their mind, or demand larger payments.

The proposal must be approved by a majority of your creditors, and each creditor gets one vote per dollar owed to them.

The Scam «We'll reduce your debts by 70 % through a government mandated debt relief program» «We restructure your debt through a 100 % legal program approved by the court» «We work for you and not your creditors» Have you heard of these catchy slogans from debt consultants who will tell you anything you would like to hear?

An inquiry not accompanied by a new account from the same creditor on the credit report indicates the application was denied, since, had the application been approved, there would be a new account appearing on the report.

At least 75 % of your creditors (by amount of debt, not number of creditors) have to accept the proposal in order for the IVA to be approved.

The claim can be paid through the liquidated proceeds collected for distribution to creditors or through a payment plan approved by the bankruptcy court.

When enough money accumulates to pay off one of your creditors, at that time you will be contacted by one of the negotiators working on your case and you must then approve the settlement offer before any funds are released to your creditors.

If this plan is approved by the court, each creditor receives the agreed upon payment.

On approval, the amount that's ultimately repaid to your old creditors is determined by the credit limit you're approved for on your new card.

Your trustee will then propose this offer to your creditors, and then if the majority of your creditors approve the Proposal, all your creditors are bound by it.

Even if a creditor has objected, the DAS Administrator can still approve your debt payment programme by using the «Fair and Reasonable» test.

When a chapter 11 debtor needs operating capital, it may be able to obtain it from a lender by giving the lender a court - approved «superpriority» over other unsecured creditors or a lien on property of the estate.

Most creditors do not approve loans made by people with poor credit because of the high possibility of default.

When approved by a majority of your creditors, the proposal becomes binding.

He or she also collects, records and approves claim forms submitted by your creditors, the amount of which is used to access the votes received in your proposal.

Even better, the Chapter 13 plan can be approved only by the court; the creditors can object, but the final decision is left to the court.

I couldn't believe it when I was approved by Avant, after so many creditors turned me down, they gave me a chance when no one else would to consolidate my credit and I am so very grateful.

This type of credit check is typically done by creditors when they want to see your entire profile in order to approve or decline you for credit when you are applying.

Dewey & LeBoeuf's liquidation plan has been approved by the bankruptcy court judge overseeing the case, paving the way for repayment of millions of dollars owed to creditors of the collapsed firm.

The $ 575 million asset sale, approved by the Ontario Superior Court of Justice and the U.S. Bankruptcy Court for the District of Delaware, represents a new chapter for PSG, which commenced concurrent creditor protection proceedings in Toronto and Wilmington on October 31, 2016 under Canada's Companies» Creditors Arrangement Act and under Chapter 11 of the U.S. Bankruptcy Code.

In order to for the AHC Plan to be approved by the unsecured creditors, a double majority of the unsecured creditors, consisting of 50 % + 1 of the creditors (counted by head) and 66.67 % of dollar value of the debt must vote in favor of the plan.

The boards of both companies have approved the merger with the majority share of the new company set to be owned by American Airlines» bankruptcy creditors with a 72 % shareholding.

In a matter of first impression at the Circuit level, the United States Court of Appeals for the Ninth Circuit held that a court may confirm a plan filed on behalf of multiple debtors that has been approved by an impaired class of creditors of only one of the debtors.

That's the conclusion reached by a federal bankruptcy court recently when deciding whether to approve a Chapter 13 restructuring plan in which the dentist would pay 22 cents on a dollar to creditors, including his ex-wife.

When you're approved for bankruptcy status by a federal bankruptcy court, some or all of your debts will be forgiven, and creditors and collections agencies are no longer permitted to pursue you for those debts under law.

To avoid asset sales, General Growth would need to get its creditors to agree to restructured or reduced debt and have its plan approved by the bankruptcy court.

Commenters explained that, by approving the RESPA settlement statement and issuing preparation instructions to the settlement agent, the creditor already assumes some degree of responsibility for the contents of the RESPA settlement statement.