Sentences with phrase «company as creditors»

Not exact matches

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.

Perth - based thermal energy company Enerji has appointed KordaMentha as administrators after running into debt problems with one of its creditors.

But as a sole proprietor, you would be held personally liable if your company faced litigation or creditors demanded payment of business debts.

But losses mounted and the company entered bankruptcy after creditors blocked his plan to close as many as 1,000 stores.

In a debt restructuring (in bankruptcy court or negotiated privately), they might lose money on the debt, but as creditors, they get part or all of the equity of the restructured company.

Potential reputational risk associated with owning Remington could also complicate the company's negotiations with its creditors, because in a debt restructuring companies often offer equity as an incentive for debt forgiveness, the sources said.

Sure current owners will be wiped out but the companies will continue to pump oil as ownership will merely pass to their creditors.

On January 15, 2015, Target Canada Co. and the Additional Applicants listed below (collectively, the «Applicants»), together with the Partnerships also listed below (the «Partnerships», and collectively with the Applicants, the «Target Canada Entities») commenced court - supervised restructuring proceedings under the Companies» Creditors Arrangement Act, R.S.C. 1985, c. C - 36, as amended (the «CCAA»).

Today it was leaked that the company is preparing for liquidation in the US as it couldn't find a buyer and couldn't get the creditors to agree to take massive haircuts in a restructuring deal.

UPDATED 1:13 PM: EXCLUSIVE: Aspects of Relativity's first bankruptcy are still before the courts, but as expected the company today filed for Chapter 11 with a promise that «funds will be available for distribution» to its approximately 200 unsecured creditors.

Remington will exit bankruptcy as soon as this month, with some of its creditors, including JPMorgan Chase & Co (JPM.N) and Franklin Advisors, taking ownership stakes in the company in exchange for forgiving debt.

Because the homeowners only owes the original amount to the bank, the «extra» amount is paid as cash at closing, or, in the case of a debt consolidation refinance, directed to creditors such as credit card companies and student loan administrators.

To increase flexibility with creditors, Neiman Marcus announced in March it had named subsidiaries holding online store MyTheresa and some of its real estate «unrestricted,» making them not subject to the same rules under credit agreements as other units of the company.

On the other hand, according to the Measures for the Administration of Securities Investor Protection Fund 《 證券投資者保護基金管理辦法 》, the functions of China Securities Investor Protection Fund (CSIPF, 中國投資者保護基金) include «indemnifying creditors as required by China's relevant policies in case a securities company is subjected to compulsory regulatory measures including dissolution, closure, bankruptcy and administrative takeover by China Securities Regulatory Commission (CSRC) and custodian operation» or «other functions approved by the State Council».

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

In the meantime, Ms Marsh, who played a starring role in Mr Smith's controversial Australia Day television advertisement which was filmed at the Cowra cannery, can now only join her former co-workers in looking to the first creditors meeting at the bowling club next Tuesday to provide them with some explanation as to why the company of one of the town's largest employers shut up shop without warning.

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.

A committee that includes two of Harvey Weinstein's accusers as well as talent agency WME has been formed to represent creditors owed money by The Weinstein Company, according to a bankruptcy court document obtained by TheWrap.

Swedish carmaker Saab has filed for protection from its creditors as management struggle to turn the company around

Saab GB - which is an separate company - issued a statement saying that it will continue to operate as normal and has «sufficient funding in place to meet all creditor obligations, and will continue to pay all employees, dealers and suppliers as normal.»

I have not checked to see if Vantage or their sister companies have filed (they would presumably file in a federal district for their area in Great Barrington, Mass.) A bankruptcy attorney in that area could better answer your question about those publishing contracts as bankruptcy estate assets that a Trustee would «recall» (or «garner for the bankruptcy estate) under a preference rule and make a part of Vantage's «bankruptcy estate» for the benefit of creditors.

After negotiating all through last night, creditors and Najafi failed to reach an agreement that would have forced the Phoenix - based firm to keep the company operating as a going concern, Borders» lawyers said.

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.

Your work is tied up as part of the company's IP, and you'll have to wait like every other unsecured creditor to see if it's going to be sold off (and to whom) in bankruptcy court.

When potential creditors (such as banks, loan providers, or credit card companies) request your credit report, it can be done in one of two ways: a hard inquiry or a soft inquiry...

Debt settlement companies offer creditors a percentage of what you owe — usually half — and hope they will accept that amount as full payment.

The arrangement for what the company owes each of the creditors is as follows:

A debt management company will often charge up - front fees as a «set up» charge and is paid a kickback or «fair share» as a percentage of the surplus that is paid to your creditor.

How your creditors and credit bureaus use your ITIN / SSN While clearly an important piece of the personally identifiable information that helps companies know who you are, you might be surprised to know that the Social Security number's importance as a driver of credit reporting and scoring accuracy is often overstated.

Companies with above average company share performance are also often viewed as financially healthy and so creditors tend to charge lower interest for companies with good share perCompanies with above average company share performance are also often viewed as financially healthy and so creditors tend to charge lower interest for companies with good share percompanies with good share performance.

In cases where companies have filed for protection from creditors, such as Nortel, employees and pensioners are lumped in with the other creditors to try to collect the money they were promised.

As a result, there are risks that during this period the debt consolidation company can not help you if you can not get any loans from creditors.

As you may already know, getting business credit can be difficult because most creditors will want to know your personal credit score if your Company has no credit history.

Debtors with financial dilemmas run into the arms of debt management companies to be rescued and act as the subordinates between them and the creditors.

As soon as the necessary papers signed with best debt consolidation company, the counselor starts negotiations with the customer's creditors as to interest rate reduction and late fees eliminatioAs soon as the necessary papers signed with best debt consolidation company, the counselor starts negotiations with the customer's creditors as to interest rate reduction and late fees eliminatioas the necessary papers signed with best debt consolidation company, the counselor starts negotiations with the customer's creditors as to interest rate reduction and late fees eliminatioas to interest rate reduction and late fees elimination.

For example, it is your job to send in any documentation that your creditors send you, and you have to stick to the program contract and payments, in order for the program to work successfully, therefore make sure the company describes your obligations as well.

For example, a debt negotiation company who gets your creditors to accept a settlement payment on your account is better known as a debt settlement firm.

4 CIBC Payment Protector Insurance for Credit Cards is optional creditor's group insurance underwritten by Canadian Premier Life Insurance Company under a group policy issued to CIBC as group policyholder.

You might also want to set up your business as an S corporation or limited liability company, which can protect your personal finances from claims against your business by creditors.

Also referred to as debt negotiation, debt settlement is a practice where an individual or a third party company hired to represent an individual, negotiates with a creditor to reduce the balance needed to pay off an account.

For instance, if a creditor such as a credit - card company obtains a judgment against you they can garnish approximate 25 percent of your wages.

Each one of these CRAs obtains information about you from creditors — such as banks, credit card issuers, and finance companies.

However, choosing a credit counseling service can be difficult, as some companies can be more effective than others in negotiating with creditors, and some companies can ruin your credit score by not paying your bills for several months.

This means that your wage garnishments for creditors such as credit - card companies and debt - collection agencies can't be applied because you're under the poverty line.

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).

A lawyer working for a debt collection company or creditor must abide by the Fair Debt Collection Practices Act, a federal law governing the conduct of debt collectors as they attempt to collect debts.

There are thousands of companies who focus on acting as an intermediary between consumers and creditors and assisting them with negotiating favorable debt settlement arrangements.

Once your past due amount exceeds $ 1000, the debt will be reported to the credit reporting agencies and anyone who accesses your credit reports such as creditors, insurance companies, landlords and so on will see that you have fallen behind in your payments and this certainly doesn't help your cause when trying to sort out your debt problems.

The TAVF approach is the same as that followed by private companies not seeking access to public markets for equities; businessmen seeking favorable tax attributes so that they can create wealth on a tax - sheltered basis; most creditors; and all investors who seek in the management of their own portfolios to maximize total return, rather than just invest for interest income and dividend income.

In all cases, once the creditor agrees to the reduced amount (settlement amount) and confirms this in writing - the funds will get paid directly to the debt collection company from the client's savings account, and the balance will reflect as «zero dollars owed.»