Sentences with phrase «by the creditor if»

Chapter 7 Bankruptcy will discharge personal, unsecured loans if they are for credit extensions which were based on the creditor's evaluation of the debtor's ability to pay and there is no collateral which can be seized by the creditor if the debtor defaults on the loan due to their inability to pay.

Your cosigner might not be notified by the creditor if you fail to make payments, so don't set him up for a nasty surprise.

i. Because certain closing costs, individually, are subject to the limitations on increases in closing costs under § 1026.19 (e)(3)(i)(e.g., fees paid to the creditor, transfer taxes, fees paid to an affiliate of the creditor), while other closing costs are collectively subject to the limitations on increases in closing costs under § 1026.19 (e)(3)(ii)(e.g., recording fees, fees paid to an unaffiliated third party identified by the creditor if the creditor permitted the consumer to shop for the service provider), § 1026.38 (e)(2)(iii)(A) requires the creditor or closing agent to calculate subtotals for each type of excess amount, and then add such subtotals together to yield the dollar amount to be disclosed in the table.

A waived bona fide third - party charge imposed by the creditor if the consumer pays all of a covered transaction's principal before the date on which the principal is due sooner than 36 months after consummation.

i. Because certain closing costs, individually, are subject to the limitations on increases in closing costs under § 1026.19 (e)(3)(i)(e.g., fees paid to the creditor, transfer taxes, fees paid to an affiliate of the creditor), while other closing costs are collectively subject to the limitations on increases in closing costs under § 1026.19 (e)(3)(ii)(e.g., recording fees, fees paid to an unaffiliated third party identified by the creditor if the creditor permitted the consumer to shop for the service provider), § 1026.38 (i)(1)(iii)(A) requires the creditor or closing agent to calculate subtotals for each type of excess amount, and then add such subtotals together to yield the dollar amount to be disclosed in the table.

However, the term prepayment penalty does not include a waived bona fide third - party charge imposed by the creditor if the consumer pays all of a covered transaction's principal before the date on which the principal is due sooner than 36 months after consummation.

Not exact matches

Further, if spouses own a house or a brokerage account as «tenants by the entirety» as opposed to owning them jointly, they may have some creditor protection depending on the state in which they reside.

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.

If your situation is really dire and your business is filing for bankruptcy, you might take advantage of a protection - from - creditors loophole offered by the state in which you own your home.

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.

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.

If this is not done, and the corporation's financial stability is put in jeopardy by the payment of dividends, the directors can, in most states, be held personally liable to creditors.

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.

And, if there is something you feel requires additional information to describe an extenuating circumstance or otherwise provide context to something negative on your report, additions made to the Fair Credit Reporting Act in 1996 allow you to add a 100 - word statement to any of the reports that include an item you dispute but wasn't removed because it was verified by the creditor.

That if creditors make a debt that can not be repaid, the debt is by definition odious, and there is no need to pay it.

When you identify the original creditor, please provide any other name by which I might know them, if that is different from the official name.

A Chapter 11 bankruptcy may keep creditors at bay for a little while but Claire's problems run very deep and are shared by dozens if not hundreds of retail / service chains worldwide.

If this debt started with a different creditor, provide the name and address of the original creditor, the account number used by that creditor, and the amount owed to that creditor at the time it was transferred.

If your bond issuer goes bankrupt, secured creditors like banks are paid first, followed by unsecured creditors like bondholders.

«Christianity is not being attack the devil is a liar / people today will sue by association, irs is coming after me in 2011 after i left my business partner in 2008 he did nt pay them or others creditors they do nt care if you do nt owe it they want the money i own another company, a person give me a bad check for 100.00 he got a attoney in n / c trying to sue me for 4000.00 there was no voilation, but everyone i spoke to said it would be cheaper to offer and settlement / he owed the debt he bouced the check, why should i pay, so its about the mighty green but all liars will have their part in the lake of fire, he without sin cast the frist stone

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).

You acknowledge that Section 1542 provides that: «A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.»

In October they were suspended from trading on the AIM market, and in December a proposal was issued by their newly appointed Joint Administrators to sell the business and satisfy their considerable list of creditors, if possible.

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.

For instance, if you have been served by one of your creditors to appear in court over a debt, the bankruptcy filing will stop this lawsuit in its tracks.

If a relationship is headed towards divorce that may be less than amicable, you may be able to do preventative maintenance by contacting all of your creditors and letting them know the situation.

You will no longer have the legal obligation to pay anything toward those debts, but if you stop paying, the creditor will be allowed to enforce its lien by repossession or foreclosure.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

If you don't have portable creditor life insurance and get sick, your pre-existing condition may not be covered by the new lender's insurer.

And if you can't negotiate with creditors by yourself don't be shy to get help from a reputable debt relief company.

If you are still harassed by your creditors via phone call, let your agency know so they can handle it.

If you default in the future, the creditor may pursue any remedies allowed by state law, such as repossession or obtaining a money judgment.

Also, if you have a few late payments, you can also take a shot at getting them removed by sending the original creditor a goodwill letter.

Our trustees will determine if you qualify for a consumer proposal and give you advice about what kind of debt proposal may be accepted by your creditors.

The procedure is simple enough: Either you or the agent assigned to your case by the consolidation agency contacts each of your creditors and tries to convince them of the advantages they will get if they agree to lower your monthly payments.

If you fall behind in paying your creditors or an error is made on your account, you may be contacted by a «debt collector.»

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.

However, if you are being contacted by your original creditor on a debt for repayments, then state law does offer you some protections.

The bankruptcy aspect of it means there is legal protection and if accepted, your creditors are bound by its payment terms, whereas the debts are typically paid off at a fraction of what is owed.

Most of the reasons involve the trustee's selling your stuff because he can make money by selling them, paying off the liens on them, paying you your share of the money (your exemption) and, if he still can make more money after all of that, it is his to use pay to your creditors.

7) A due - on - demand clause - The exceptions are if: a) There is material misrepresentation or fraud by the borrower in connection with the loan; b) The borrower fails to meet the terms of repayment in the agreement; or c) There is any action by the borrower that negatively affects the creditor's security.

So, if a person is hopelessly burdened by a $ 250,000 debt to a group of creditors, an agreed payment of $ 125,000 may see the total debt wiped clean.

These are secured loans, the property guarantees the loan and the creditor can rest assured that if you fail to make the monthly payments he can recover his money by means of the legal action of repossession.

But if these issues snowball or persist, you may find yourself in the unenviable position of being sued by a lender or creditor.

If creditor protection is important to you, be sure your policy meets all the conditions so that it is exempt from seizure by your creditors.

If you fall behind in repaying your creditors, you may be contacted by a «debt collector.»

If the response is favorable, the creditor can inform the applicant with a letter, or simply by issuing the credit card, loan money, property or services the borrower applied for.

If your bond issuer goes bankrupt, secured creditors like banks are paid first, followed by unsecured creditors like bondholders.

Credit counselors can be a life saver if you're being hounded by creditors, but they are not altruistic organizations.

Any item contested in this way must be either be confirmed with written proof by the creditor, or if an error is found, corrected or deleted immediately.