Sentences with phrase «as a creditor over»

Not exact matches

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.

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.

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.

Negotiations between creditors and government officials over the $ 9 billion owed by the Puerto Rico Electric Power Authority, known as Prepa, have been taking place for more than a year.

To compound this problem, mall owners are now starting to mail in the keys to financially troubled malls: More mall landlords are choosing to walk away from struggling properties, leaving creditors in the lurch and posing a threat to the values of nearby real estate... [as] some of the largest U.S. landlords are calculating it is more advantageous to hand over ownership to lenders than to attempt to restructure debts on properties with darkening outlooks (LINK).

Puerto Rico's most - recent audited financial statements are almost four years old, casting doubt over just how broke the bankrupt island is as creditors fight over its cash and residents protest proposed austerity measures in the streets.

The idea horrified other EU nations, Greece's creditors and financial markets as investors worried over the prospect that Greece could be forced into a disorderly default.

Moreover, talks appeared to stall over the weekend as major creditors left Athens without the deal they needed for the meeting of European finance ministers on Monday.

Hollande said debt changes are a question for future years, as the priority shifts to Greece's down - to - the - wire negotiations with creditors over aid that expires on June 30.

Nebuchadnezzar's sins, conceived of as debts, have risen to such a level that his creditor, God, is about to demand repayment in the form of punishment: He is calling in the bond he holds over this unfortunate debtor.

The company said it will turn over control to creditors as part of a plan that will allow it to cancel $ 775 million of debt.

As far as I'm concerned, it's time for them to prove they have a clue by filing their new business plan / reorganization plan instead of holding their hand out for more money while telling their creditors to bend over and trust them not to kick them in the rear agaiAs far as I'm concerned, it's time for them to prove they have a clue by filing their new business plan / reorganization plan instead of holding their hand out for more money while telling their creditors to bend over and trust them not to kick them in the rear agaias I'm concerned, it's time for them to prove they have a clue by filing their new business plan / reorganization plan instead of holding their hand out for more money while telling their creditors to bend over and trust them not to kick them in the rear again.

Investor Jaham Najafi, who was seen as the company's best hope to continue, withdrew his bid last week after a disagreement over terms with the company's creditors.

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

Any amount over $ 600 that is settled upon with a creditor, becomes taxable income (form 1099c) Just want to make sure consumers are aware of this, since you are suggesting settlement as a good option...

A competent lawyer will use the legal violation as leverage, holding it over the creditors head.

In most cases, if you have equity in your house, a consumer proposal is a better option, since you can make a plan with your creditors to make payments over a period of time as long as 60 months so that you can keep your house.

The type of services covered under the new rules are companies that promise to 1) work with a creditor to settle the debt for a lesser amount than is owed, (debt settlement companies) 2) work with all of a consumer's unsecured creditors to promulgate a debt management plan to vary the terms of all such debts, under a debt management plan (debt management companies) and 3) negotiate with a creditor to lower the interest rate of the outstanding debt and / or waiver of certain debt fees, such as late fees or over the limit fees (debt negotiation companies).

My business has paid back over $ 1 mm in debt, and pays creditors early as part of tax planning.

Section 207 provides this protection from creditors over Social Security payments regardless of why you are receiving those payments, whether the payments relate to retirement, disability, or as a death benefit to the surviving spouse.

It's worth noting however, that over 90 % of variations are successful - your creditors don't want to see your IVA fail anymore than you do as the alternative is usually a lower return for them in Bankruptcy.

They could put that extra money into their proposal and pay it off early, in 40 months; or they could take the whole 5 years to pay it off as it is a locked in agreement with their creditors and have money left over to get back on their feet.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Have your agreement specify the original creditor, as well as the account number and delinquency date, so there's no question later over which debt you've paid.

The amount of money you're pledging to return to your creditors over the life of the IVA must achieve the minimum creditor dividend (this is amount of money the creditor receives as a percentage of the total amount of debt that is owed).

Over time, older late payments have less of an impact as creditors pay more attention to what's happening with your more recent payment history.

Whoever ordered them, luckily, must not have been able to activate them though so there is no history over the last four years, but they have been closed by the creditors and are appearing as negative accounts.

As you can see from the numbers, the number of proposals «passed as filed» has declined slightly over the last three years (from 92 % to 88 %), indicating that creditors have become somewhat more «picky» in the amounts they are willing to accepAs you can see from the numbers, the number of proposals «passed as filed» has declined slightly over the last three years (from 92 % to 88 %), indicating that creditors have become somewhat more «picky» in the amounts they are willing to accepas filed» has declined slightly over the last three years (from 92 % to 88 %), indicating that creditors have become somewhat more «picky» in the amounts they are willing to accept.

A Debt Consolidation Program, as previously described, is an «arrangement» where your credit counsellor will work with your creditors to help you pay off your debt over time.

The simple action of swapping to StepChange Debt Charity has shaved over two years off the length of our plan as the money we were paying the management company now goes to our creditors instead!

The change is that companies offering debt relief services over the phone can not collect advance fees from you before settling or reducing your debt, before having an agreement for debt management or other services in place, or until you've made at least one payment to a creditor as a result of a plan negotiated by the debt relief provider.

Once your bankruptcy is over and the ashes have settled, your first course of action should be to check your credit record to make certain that the lenders and creditors that were named in your bankruptcy are listed as discharged on your credit file.

As discussed in a prior post, you must turn over your Federal tax refunds to the Chapter 13 Trustee for distribution to your creditors.

But if you earn over those thresholds, the government expects you to pay some of that income to your creditors as part of the bankruptcy process.

If you earn over those thresholds, the government expects you to pay some of that income to your creditors as part of the bankruptcy process.

As I understand it (check with a lawyer to be sure) a lien gets paid when the item is sold, before the rest of the proceeds get turned over to the seller (and they then pay a portion to creditors or whatever)

As a last resort, you can declare a Chapter 7 business bankruptcy, turning over the business to the bankruptcy trustee who will sell its assets, go after any outstanding accounts receivable, pay owed taxes, and distribute any remaining funds to creditors.

(f) Except as otherwise provided in subsections (c) and (d), if a plan contemplates that creditors will settle an individual's debts for less than the principal amount of the debt, compensation for services in connection with settling a debt may not exceed, with respect to each debt, 30 percent of the excess of the principal amount of the debt over the amount paid the creditor pursuant to the plan, less, to the extent it has not been credited against an earlier settlement fee:

An individual voluntary arrangement (IVA) is a legal agreement between you and your creditors to pay back as much as you can, usually over five years.

In a DMP, you may be able to negotiate lower repayments over a longer period but it's important to recognise that your creditors are not legally obliged to agree to your proposal, freeze interest or suspend any pending legal action and in some circumstances, you may even end up owing more over time as interest accumulates.

Creditors dislike high utilization rates as it tends to indicate the borrower may already be in over their head and have a more difficult time paying back the debt.

Old credit is the best kind of credit (so long as it's in good standing), as it shows creditors that you can handle credit over the long term.

As he kicked off the mediation over the distribution of Nortel's almost $ 9 billion in assets in April, he reminded a room full of bankruptcy lawyers that their aim should be on getting as much of that to creditors, including the company's pensioners, rather than frittering it all away on long - term litigatioAs he kicked off the mediation over the distribution of Nortel's almost $ 9 billion in assets in April, he reminded a room full of bankruptcy lawyers that their aim should be on getting as much of that to creditors, including the company's pensioners, rather than frittering it all away on long - term litigatioas much of that to creditors, including the company's pensioners, rather than frittering it all away on long - term litigation.

David has been at the forefront of commercial finance and transactions law for over 30 years, both as an attorney and as practice group chair in the specialized area of collections law and the enforcement of creditors» rights throughout Wisconsin.

The preferential debt status of employees means that in the insolvency, if there is any money at all left over after paying holders of fixed charges (such as mortgage companies or other secure creditors) and their preferential debt, employees are entitled to another slice of what they are owed.

Represented the Committee of Unsecured Creditors as co-counsel in the AT&T Latin America Chapter 11 case involving over $ 100 million in assets and liabilities.

BAT Industries v Sequana Acting for BAT Industries in a multi-party, multi-jurisdictional commercial dispute concerning liability for environmental pollution of rivers in the United States, and a claim in Chancery Division for over US$ 800 million in respect of dividends paid out by a company in the face of a contingent indemnity liability in respect of such pollution, allegedly unlawfully, in breach of fiduciary duty and as a transaction defrauding creditors under s423 Insolvency Act 1986.

Estate trustees can not favour one creditor over another creditor of the same rank (as explained below).

Royal Bank of Scotland (RBS), which as a secured creditor with a debenture over the firm is first in line to receive a payout, has teamed up with unsecured creditors HM Revenue & Customs (HMRC); the managing agent of its Spinningfields premises Muller Professional Services; ING Lease UK; and the landlord of Halliwells» Liverpool office, Bruntwood 2000 Beta Portfolio, to form the committee.

Ballard Spahr has been ranked in the National Tier 1 in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law by U.S. News & World Report — Best Lawyers Best Law Firms over the past two years, and as a «Top Bankruptcy Law Firm» by The Deal for several years.