Sentences with phrase «avoid bankruptcy because»

Disadvantages to Bankruptcy: Many people wish to avoid bankruptcy because of the social stigma perceived to be associated with «going bankrupt» even though it is perfectly legal.

Lots of people avoid bankruptcy because they do not like the way it sounds, but it can be better over the long haul to start anew, afresh, and begin rebuilding your credit rather than continue to struggle month after month, year after year with little or no progress on debt reduction or rebuilding your credit rating, score, excluding you from the benefits of credit.

Not exact matches

That's because while declaring bankruptcy would help the sunny Caribbean island restructure and reduce its $ 72 billion debt load, it wouldn't help Puerto Rico slim down its costly government operations in order to avoid getting in trouble again.

But he says the industry could avoid a repeat of the bankruptcies and government bailouts of the past because insurers undergo regular reviews to ensure the firms are solvent and can pay customer claims.

If it sounds like Mayor Luke Bronin is talking more boldly about a bankruptcy filing these days, it's because the numbers don't point to much hope of avoiding a reorganization of the city's debts and liabilities, either in or out of bankruptcy...

Post bankruptcy situations are a good place to look for bargains because people avoid them and don't understand them.

Buick avoided getting the axe in the bankruptcy because of market demand in China, where customers are snapping up over 800,000 Buicks a year.

Many people will search for help in consolidating debts as a way to avoid filing bankruptcy and often fall into the trap of committing to a higher interest rate debt consolidation loan because the only financial institutions that will qualify you will typically charge you a higher rate of interest for doing so.

THE FAILURE TO APPEAR AT COURT PROCEEDINGS MISTAKE: If there's a collection case pending against you in state or federal court, don't assume that you can avoid the court process simply because you've decided to file bankruptcy.

And many more who don't have health insurance — or their insurance company refuses to pay — avoid bankruptcy only by consuming the family retirement fund in a good faith effort to repay medical debt, dooming themselves to poverty for the remainder of their lives, only because they got ill or injured.

If you protect your loan now you can avoid the possibility of having to contact a lawyer to file bankruptcy or needing a lawyer because your creditors are suing you for payment.

Lenders want to avoid borrowers you could file bankruptcy because it means they'll lose money on the loan.

Because she really wanted to file a consumer proposal and avoid bankruptcy we worked with her to develop a contingency plan.

Doug Hoyes: And that's why the success rate on consumer proposal is so high; if the creditors know they're going to get more money in a consumer proposal than they're going to get in a bankruptcy, and the person who owes the money is filing the consumer proposal because they want to avoid bankruptcy, they want to pay back at least a portion of their debts.

This is because trials can present defendants with opportunities to avoid payments, especially if they have filed for bankruptcy.

Many people looking to stop foreclosure or avoid repossession file Chapter 13 bankruptcy because it allows them to catch up past due payments over a period of three to five years while keeping current payments up to date.

Hartford is even worse: The capital avoided bankruptcy last year only because of a bailout by the state.