Doing this will prevent your credit from getting hurt if the claimant wins the lawsuit and
your business debts default.
Not exact matches
A CEO can have a history of paying back loans, whereas their
business could have
defaulted on its
debts.
In addition to factors previously disclosed in Tesla's and SolarCity's reports filed with the U.S. Securities and Exchange Commission (the «SEC») and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward - looking statements and historical performance: the ability to obtain regulatory approvals and meet other closing conditions to the transaction, including requisite approval by Tesla and SolarCity stockholders, on a timely basis or at all; delay in closing the transaction; the ultimate outcome and results of integrating the operations of Tesla and SolarCity and the ultimate ability to realize synergies and other benefits;
business disruption following the transaction; the availability and access, in general, of funds to meet
debt obligations and to fund ongoing operations and necessary capital expenditures; and the ability to comply with all covenants in the indentures and credit facilities of Tesla and SolarCity, any violation of which, if not cured in a timely manner, could trigger a
default of other obligations under cross-
default provisions.
While there is no specific collateral requirement for Fundation
business loans, the lender has a blanket lien on your
business assets, meaning that in the event of
default, Fundation has the right to take possession of any
business assets to fulfill the
debt.
If you have a history of being late on your
debt payments or
defaulting on loans altogether, then the odds of you getting a small
business loan become that much more unlikely.
Analysts and investors worry that a government shutdown this week would hit not just consumer and
business confidence, but also make it more likely that the United States will
default on its
debt when it reaches its borrowing limit in about two weeks.
Wage arrears are getting worse, because as Ukraine approaches the eve of
defaulting on its $ 10 + billion London
debt, kleptocrats and
business owners are jumping ship.
Which is why an SBA loan is a preferred
business loan from a bank where the Small Business Administration guarantees a portion of the debt should the borrower
business loan from a bank where the Small
Business Administration guarantees a portion of the debt should the borrower
Business Administration guarantees a portion of the
debt should the borrower
default.
China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in
debt defaults,
business failures and job losses, said sources involved in policy - making.
acting as a safety net, protecting
businesses from
defaulting customers and the bad
debts which would otherwise arise when a customer is unable to pay;
Default rates tend to rise during economic downturns, since investors and
businesses see a decline in income and sales while still required to pay off the same amount of
debt.
Entrepreneur writer Diana Ransom suggests that if «you've personally guaranteed any of your
business's
debt — meaning, if a creditor or supplier can come after your personal assets if you
default — make sure paying off those
debts becomes a high priority as well.»
Business After years of bitter court battles with creditors, Argentina has
defaulted on its
debt, according to rating agency Standard & Poor's.
In some cases, lenders require a «personal guarantee» from small
business owners — a written promise that the borrower's personal assets can be seized if the company
defaults on their
debts.
You must keep in mind that
debt settlement is not a new process it has been going on for many years; once you get past the emotional level of being in
default you will come to understand that it is just part of doing
business for the creditor.
While there is no specific collateral requirement for Fundation
business loans, the lender has a blanket lien on your
business assets, meaning that in the event of
default, Fundation has the right to take possession of any
business assets to fulfill the
debt.
If the small
business defaults on the loan, the lender can take over the company's accounts receivables and collect on the
debts itself.
I earn minimum wage and have almost $ 10K in student loans, plus about the same in credit card
debt which came from pulling cash to make student loan payments (in an ultimately futile attempt to avoid
default on the student loans) and a
business startup which ultimately failed due to an extended illness and ospitalization.
In addition,
business owners who are in
default on a federally guaranteed
debt — or who caused the government to take a loss on a
debt — are not eligible for an SBA loan.
Their current services include
debt consolidation,
debt settlement, tax
debt relief, home loan mortgage modification,
business debt relief, as well as student loan
default services.
External catalysts today could include war breaking out with North Korea, a nuclear device being detonated somewhere, a sovereign
debt default, a cyberattack on critical infrastructure in the United States, or something that threatens
business and commerce.
The Treasury withholds benefits of 3.1 million Social Security recipients to recover
defaulted student, farm and small -
business loans, unpaid income taxes, amounts veterans owe for health care, and other
debts to the government.
Strong
business credit will portray a history of timely payments whereas overdue
debts,
defaults and liens are typical of a low - ranking credit profile.
A personal guarantee means the
business owner assures repayment of a
business debt with personal assets, if the
business defaults on the
debt.
Unfortunately many small
businesses defaulted on
debt and now many of the larger companies require personal guarantees.
Although many payday lenders may see this as an opportunity to boost their
business and revenue, many are also reporting increase of
defaults and are working with their customers on more flexible payment options and also advising their customers how to deal with payday loan
debt.
Credit card issuers typically have the
business owner guarantee the
debt, so if you
default, the issuer would report it to commercial credit bureaus, which could hurt your credit score, warns small -
business adviser Brad Kingsley.
Starting from the bottom: with regard to Argentina — there is no mention of the military junta in the mid-70s, nor the 30,000 (at the least) torture and killed, nor of the mothers and grandmothers walking for 20 or more years in silence protesting the killings in a Bueno Aires plaza, nor is there is mention of the billions of dollars of US military aircraft and other weapons (as well torturing equipment for sending high to low charges of electricity through various parts of the body (private parts though preferred, as they say), but sold to the junta in power which weighs heavily in the total external
debt, nor of the wholesale and retail sale of government agencies or corporations, and of the rights of water (in the 1990s), and the
default of the government on various
debts and contracts: 40 or more cases before the courts and ICSID — seems the sanctity of the contract and personalty of the international organization is a barrier to putting an end these very crooked and immoral
business transactions, etc..