Sentences with phrase «as a creditor of»

For our (and treasury's) purpose, government appropriations for social welfare and other services qualify as a creditor of the treasury.

The CVA failed under IA 1986, s 6 (1) for unfairly prejudicing the interests of the claimants as creditors of Powerhouse.

-- Kensington International Limited v Montrow International Limited (2008): instructed in relation to the challenge in the High Court of the British Virgin Islands and the Court of Appeal of the Eastern Caribbean Supreme Court of the status of a so - called «vulture fund» as creditor of a company alleged to be the alter ego of the Republic of Congo.

As a practical matter, funeral service providers (and lawyers) will require the person engaging their services to pay the bill; that person can then claim reimbursement as a creditor of the estate.

It was defrauded by her, pure and simple, but its remedy would be as a creditor of the estate — and the life insurance policy would pass outside of that estate.

Not exact matches

This means that the creditor will examine the character of the borrower as well as his or her ability to run a successful business.

As the marches began, government officials prepared for more talks at a central Athens hotel with representatives of bailout creditors as the two sides were near an agreement to maintain draconian spending controls beyond the current rescue prograAs the marches began, government officials prepared for more talks at a central Athens hotel with representatives of bailout creditors as the two sides were near an agreement to maintain draconian spending controls beyond the current rescue prograas the two sides were near an agreement to maintain draconian spending controls beyond the current rescue program.

There are many reasons why businesses can suffer from cash flow problems such as lack of profitability, arrears (taxation, rent & trade creditor) and negative capital buffer.

Defining the Benefits A major advantage of organizing your business as an LLC or an S corp is that you can protect your personal assets from the creditors of your business.

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

In some cases, these retailers were able to come to an agreement with their creditors and restructure their debts without going through bankruptcy court, as the threat of bankruptcy motivates the creditors to negotiate.

Of course, for creditors, the real hero of the story is actually a private equity investor, who for months was just known as the Mt. Gox «mystery creditor.&raquOf course, for creditors, the real hero of the story is actually a private equity investor, who for months was just known as the Mt. Gox «mystery creditor.&raquof the story is actually a private equity investor, who for months was just known as the Mt. Gox «mystery creditor.»

So for the next two years, in nine out of 10 instances, coins were being stolen as soon as they came in, says Chainalysis» Gronager, who is also a creditor: «It meant that you had a hole in the bottom of the well, and someone was just draining money.»

Its European creditors decided on Wednesday to suspend the implementation of short - term debt relief measures after the Greek government announced additional spending on pensions - an action that European partners deemed as «unilateral» and disrespecting the efforts agreed under the country's 86 billion euro ($ 89.75 billion) bailout program.

Kobayashi is sitting on another $ 1.9 billion of the tokens and will consider offloading those too as he raises cash to distribute to Mt. Gox's creditors.

«Thanks to what's known as the «homestead» law, families can shelter some or all of the value of their homes from creditors.

When you first start your business, many third parties and creditors won't be willing to do business with your LLC or Corp, as the entity is brand new and probably does not have a lot of assets or hasn't built its own credit history yet.

Perth - based thermal energy company Enerji has appointed KordaMentha as administrators after running into debt problems with one of its creditors.

Known as debt settlement, it's a process by which consumers stop paying unsecured creditors, wait months or even years until creditors have given up hope of collecting, then offer to settle outstanding balances for mere fractions of the amounts owing.

The funds are not subject to the beneficiary's creditors, and the beneficiary has no right to give the remainder to someone as part of his or her will.

In the wake of the investigation, DesignerWare declared bankruptcy, listing the Byrds along with investigators in California and the federal attorney general's office as potential creditors.

Some of McClendon's creditors want a say over how the stake will be disposed of by his estate, viewing the basketball team as one of his few assets of value, according to a copy of a transcript from a May 13 hearing in probate court.

In other words, instead of skipping a handful of payments or defaulting on a loan, contact your creditors and lenders as soon as a problem arises and negotiate some form of resolution that's within your financial means.

As a result, markets will be watching out for the outcome of the stress tests — due in May — to understand what might happen to Greece this summer: if creditors force Athens to request some additional financial and technical support after August.

«While leaders on the ground in Michigan and the city's creditors understand that they must find a solution to Detroit's serious financial challenge, we remain committed to continuing our strong partnership with Detroit as it works to recover and revitalize and maintain its status as one of America's great cities.»

As Tracy Alloway outlined, this move appeared to «fly in the face of the pari passu (literally «equal footing») notion that demands creditors be treated equally and without preference.»

Greece has had to axe thousands of jobs, hike up taxes and curb pensions, as part of its ongoing conditions with creditors over receiving $ 240 million worth of emergency cash.

Once the settlement is approved, the remainder of the $ 135 million that Univision paid will be released from escrow, and will go to Gawker's creditors and investors, including as much as $ 10 million to Denton himself.

After the September filing, creditors — including holders of some $ 3 billion in bankruptcy financing — complained that Toys «R» Us was being less than forthcoming about its financials, as well as its turnaround strategy.

The State of Michigan actively promoted a plan to protect Detroit's vast art collection, recently valued above $ 2.75 billion, even as the city was seeking concessions from its capital market creditors.

And, he says, Hunter and his army of retail investors did nothing that hasn't been repeatedly done by investment bankers, bondholders and hedge funds during other CCAAs, such as the restructuring of Hamilton steelmaker Stelco, where self - serving parties threatened the future of thousands of workers in order to turn a profit after buying voting power from scared creditors.

But as a sole proprietor, you would be held personally liable if your company faced litigation or creditors demanded payment of business debts.

Grim as it is to contemplate the prospect of bankruptcy, that procedure will at least ensure you some degree of compensation as a secured creditor.

Gov. García has framed the moratorium, over the objections of creditors, as a way for San Juan to ensure that it will continue to provide public services to its people.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

He had paid cash for her house in Gainesville, valued at roughly $ 900,000, but he says one of his financial advisers took a loan out against it in his name without his knowledge — which left Hearn - Pearson as one of her son's largest creditors.

As a result of the lien, the government gets priority, sending other creditors (and any prospective lenders) to the back of the line.

In a debt restructuring (in bankruptcy court or negotiated privately), they might lose money on the debt, but as creditors, they get part or all of the equity of the restructured company.

Just as debt deflation diverts income to pay interest and other financial charges — often at the cost of paying so much corporate cash flow that assets must be sold off to pay creditors — so the phenomenon leads to stripping the natural environment.

Former Greek Prime Minister George Papandreou proposed calling a referendum on a private sector debt - restructuring plan agreed with the creditors as part of a second bailout package in October 2011.

Just as significant as the ratings downgrades may be the suspension on Friday of the creditor talks in Greece — whose debt S. & P. long ago gave junk status.

What's left of any money from that sale would go to priority creditors, such as staff owed back pay and possibly students who paid tuition in advance, and then other unsecured creditors.

Greece Prime Minister Alexis Tsipras is preparing to pick up talks with creditors after euro - area finance ministers adjourned a meeting on Greece today as a breakthrough on the terms of aid remained elusive.

If parliament gives its nod, Greek voters will be asked to rule on two complex draft documents that detail a proposal by the country's creditors to unlock aid of as much as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.

While the Greek side described the talks as very tough and creditors said they were difficult, a second round of negotiations was set for 11 p.m. local time.

Credit Karma provides free credit monitoring to track its users» TransUnion credit reports on a rolling, daily basis and notifies them of any significant changes, such as if a new account is opened in their name or if a creditor registers a delinquency.

García said the government bank, known as GDB, is in talks with creditors regarding a payment of nearly $ 423 million, due in May.

If you find anything that's out of line — say, an unauthorized account or late payment reported in error — reach out to the creditor and credit bureau as soon as possible to start the process of getting it fixed.

During the 15-1/2 - month bankruptcy process, the city's historic collection at the Detroit Institute of Arts (DIA) came into play as a potential pot of assets to satisfy creditors.

And as part of the structural transformation of society urged by creditors, governments are to deregulate (or simply not put regulatory authorities in place) the sectors being privatized on credit.