Sentences with phrase «company defaults on their debts»

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.

Not exact matches

It owes nearly $ 12 million, nearly $ 11 million of which is to Regions Bank, which sued the company in February, saying Dippin» Dots had defaulted on its debt.

In December 2009, the company defaulted on $ 1.4 billion in debt following a two - month extension, and an auction date for the assets was set to take place in the midst of the Olympic action.

Risk 1:: Greece defaults on its debt or exits the eurozone Company to consider: Constellation Software Inc..

It was ranked in early May among the Top 10 governments worldwide likely to default on their debt, according to CMA, a London - based credit information company.

The company had to delay the filing of its annual report, and it has also been on the verge of defaulting on its $ 30 billion of debt.

The company said it would restate its earnings and delay filing its annual report, opening the door to a possible default on its $ 30 billion debt.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

Combining this with poor sales growth results in a dismal outlook for earnings 3) the pressure on earnings will continue to hurt capital spending, which is usually just a magnified image of earnings, 4) the same factors will continue to raise default rates, causing earnings problems and debt downgrades among banks and financial companies, 5) earnings shortfalls will also lead to continued job cutbacks, with the unemployment rate rising to at least 5.5 % (indeed, once the unemployment rate has advanced by 0.5 % from its lows, it has never reversed until rising by least 1.5 % off those lows).

Among the 28 U.S. companies that defaulted on their debt through May this year, 11 were energy firms with $ 3.5 billion in outstanding obligations, according to Fitch Ratings Ltd..

Credit - default swaps on the senior debt of Banco Espirito Santo were the worst performing among financial companies around the world this week jumping 54 percent to the highest in eight months, according to data compiled by Bloomberg.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Tsipras is seeking to assuage the left flank of his party — some of whom want Greece to default on its debt altogether — by focusing on tax increases for companies and high - income individuals instead of spending cuts.

If I were thinking about purchasing GECC's debt, I would first ask myself the following question: In the event that GECC were on the verge of a debt default and a bailout by the parent company would require a sum of money that would put undue hardship on GE, would GE guarantee GECC's debt?

Default Risk is when companies or individuals will be unable to make the required payments on their debt obligations.

Esprit emerged from the buyout so deeply in debt — and Tompkins Buell's subsequent helmsmanship left the company in such desperate financial straits — that it went into technical default on its outstanding loans within less than two years.

Hon. K. T. Hammond was sent by President J. A. Kufuor to Paris and London to amicably resolve the US$ 47 million default judgment debt with SG by convincing the Company to accept the US$ 14 million out - of - court settlement instead of insisting on the US$ 47 million judgment debt.

More telling is how the credit markets are viewing the cost of buying default protection on the debt of energy related companies.

This means that if you received a large sign - up bonus, redeemed it for a flight, and then defaulted on your debt, the credit card company would lose out.

Betsy DeVos and the Department of Education handed student loan and debt collection companies a big break after reversing a rule that limited fees incurred on borrowers who defaulted on their student loans.

But given the history of fraud and abuse in the debt relief industry, the inability to provide any legal advice, and the carnage that can be done by defaulting on debt without some real protection, the debt settlement company and credit counselor risks are too great and the advantages too nominal.

Reader: What do you think of buying debt of Toys R Us (TOY: NYSE) now that they are being acquired, I don't see KKR buying a company and defaulting on its debt.

Interest coverage of 1.7 times cash flow is very low, and akin to what one gets on CCC - rated debt, except that the loans are typically secured by the assets of the company, which lessens the severity level of defaults.

However, with so many new companies requiring degrees for jobs who never needed them before and with wages not keeping pace with inflation, millions of Americans are unable to keep up with their debt payments and end up defaulting on their loans.

The company might default on the debt.

This means 180 days after you default on your loan, the private loan company can report your default to the credit reporting agencies and 7 years later if it remains unpaid, just like any other debt, the negative item can be removed from your credit report.

This implies you'll need to repay an average of $ 1000 a month and that your company's income needs to provide to do so or else you'll default on your debt.

Default risk is the chance that companies or individuals will be unable to make the required payments on their debt obligations.

If the small business defaults on the loan, the lender can take over the company's accounts receivables and collect on the debts itself.

Default risk is the chance that a company or person won't be able to make payments on their debt obligations.

Fourth, a company can default on particular debt without necessarily going into bankruptcy.

The ratings they assign, essentially risk assessments, determine the credit strength of companies and assess their risk for defaulting on their debt obligations.

Some investors use credit risk in analyzing individual stocks to determine whether a company might be in danger of defaulting on its debt obligations.

Default can mean either a company is unable to pay interest on their debt or a potential delay in payment of interest on debt.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

The only time you won't get your money is if the company «defaults» on its debt.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Both SachsenLB and IKB operated companies called conduits that issued short - term paper and then reinvested the proceeds in higher - yield, longer - term debt — such as the residential mortgage - backed securities that have declined in value as poorer Americans default on risky mortgages.

If you work with a debt settlement company, you may be asked to stop making credit card payments and default on your debt.

Default risk is measured by the likelihood an individual or company will not make contractual payments on a debt obligation.

Brooks enrolled in a debt relief program with a debt consolidation company to make his loan payments more manageable, but that didn't work out and he defaulted on his loans.

Unfortunately many small businesses defaulted on debt and now many of the larger companies require personal guarantees.

whether the company has defaulted on any current or previous debt obligations, or has breached any conditions on its loans (loan covenants), and

Complexity in financial companies creates inflexibility, which can lead to trouble when regulators deny moving cash from one company to another, which might lead to default on debts.

Credit - default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt.

We used three measures to capture the pertinent information: return on equity (ROE) to reflect growth and profitability; the debt coverage ratio to represent the likelihood of default; and the accruals - to - average - total - assets measure defined by Sloan (1996) to quantify possible accounting red flags.12 To arrive at company - specific quality measures, we used the simple arithmetic average of each stock's percentile rank for these three variables.

But the Chase Freedom credit card agreement says one of the reasons your account may be considered in default is if the company believes you «may be unwilling or unable to pay your debts on time.»

While how much money you owe on your credit cards or whether you have defaulted on debts in the past may not affect how well you steer, insurance companies have found a correlation between risky credit and risky driving.

If an insurance company sees your credit report / history and sees that you pay your bills on time and have paid off debt, you will be seen as a lower risk than if you frequently missed payments or defaulted on loans.

A higher credit rating means that there is probably a lower chance that the company will default on its debt.