So
cancelling such debts was the way to preserve economic balance and stability.
Not exact matches
Any attempt to
cancel some category of
debt, say government
debt or personal mortgages, would immediately drive those financial intermediaries holding
such assets, e.g. banks, pension funds, investment trusts, into insolvency.
In
such cases rulers
cancelled debts that were owed.
Borrowers who work in a low - income school or in subject areas their state designates as in critical need,
such as math and science, qualify to have a percentage of their Perkins
debt canceled each year for five years until all of the
debt is forgiven.
LEGO Education may prior to receipt of payment for
such order, suspend or
cancel any accepted order from a customer, which LEGO Education reasonably believes to be unable to pay it's
debts as they fall due.
Paying off student loans takes years, so it's good to know options that can help you out.One
such option is student loan forgiveness for federal employees.The government
cancels out any unpaid
debts of qualified employees.However,... [Read more...] about Student Loan Forgiveness for Federal Employees
Since
debt consolidation loans are meant to be used to
cancel outstanding
debt, the interest rate charged for
such loans tends to be significantly lower than the average rate of the outstanding
debt.
Even those with a mortgage due on their home already can use the equity on their property to obtain a home equity loan with a low rate of interest and use the money to pay and
cancel more expensive
debt such as credit card balances, pay day loans, etc..
When the account in question does not have a history of delinquency, the
debt may be excluded with satisfactory evidence the obligation was paid out of company funds (
such as 12 months
cancelled company checks).
The settlement also requires DeVry to
cancel $ 20.25 million in
debts owed to DeVry University by eligible students for things
such as tuition, books and lab fees.
Interest is charged on outstanding amounts
such as unpaid tax
debts and shortfall amounts, but we can generally remit (reduce or
cancel) interest charges where it is fair and reasonable in the circumstances.
In
such cases, the IRS may either accept a smaller amount or
cancel the
debt entirely.
If you are putting a percentage of your income aside on a regular basis for some type of saving scheme, then you might need to consider
canceling that saving plan until you have managed to reduce your
debt to
such an extent that you are able to cover your costs with your income.
In the event you do not fully meet a settlement obligation, we may, without further notice, take action, including but not limited to: liquidating or
canceling the transaction; transferring securities or money from any other of your Accounts; liquidating securities from any
such Accounts and applying the proceeds from
such sales to your
debt or liability to us; and purchasing or borrowing securities to make delivery.
However, this moral and legal obligation to pay just
debts must be balanced by
such considerations as the need for compassion and the call to
cancel debts at reasonable intervals.Your pastor or minister may advise you on the interpretation of Scriptural passages and how they apply to Bankruptcy.