Sentences with phrase «cover debt resulting»
Chapter 7 bankruptcy bankruptcy is designed to help people without the income to cover debt resulting from credit cards, personal loans, medical bills and payday loans.
http://www.totalbankruptcy.com/ Not exact matches
It is being sold off by debt - strapped cities and states to cover their budget shortfalls resulting from un-taxing real estate and from foreclosures.
Also, your debt level may also have gone down, resulting in less insurance needed to cover it.
In a chapter 7 bankruptcy, if your income is enough to cover basic living expenses plus the required mortgage payments, but your income isn't enough to also pay credit cards, unsecured loans and the like, the result of the bankruptcy filing is to wipe out the non-mortgage debts completely, thus freeing up household income to devote entirely to keeping the mortgage current and paying living expenses.
Debt Guru @ Debt Free Blog writes Staying Out of Debt with Insurance — While many people perceive financial despair and bankruptcy as a result of bad decisions, the truth of the matter is that many similar situations arise because people are not adequately covered in case of extreme situations.
They might use it to pay off the expense of looking for your replacement; if your death results in a loss of business, they can use the benefit to cover those losses; or if the company closes down, the benefit can be used to pay debts or severance.
As a result, I took out a $ 1M, 20 - year term life insurance policy to cover this debt just in case I die early.
Negative debt service results when net operating income falls short of covering monthly mortgage payments.