Sentences with phrase «creditor on the creditor»

Not exact matches

THE «for sale» sign will be swiftly put up on Great Southern's substantial land holdings as the receiver seeks to recoup money for the bank creditors

In order to pay back creditors, Kobayashi has sold 35,841 Bitcoin and 34,008 Bitcoin cash on behalf of the company since September of last year.

Greece and its creditors appear to be one step closer to reaching a final agreement on the restructuring of the country's huge debt pile, according to Eurogroup President Mario Centeno.

I clicked the «Dispute» button, selected «The creditor agreed to remove my liability on this account,» and within a week the dispute was resolved and the entry was removed from my credit report.

Centeno told CNBC on Thursday that although there are still a «few issues» regarding Greece's public debt, European creditors, the International Monetary Fund (IMF) and Athens are inching towards a resolution.

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.

Granting credit approval depends on the willingness of the creditor to lend money in the current economy and that same lender's assessment of the ability and willingness of the borrower to return the money or pay for the goods obtained — plus interest — in a timely fashion.

«The fact that you have a bankruptcy where the only asset that it owns goes up by 5,000 %, that's pretty unprecedented,» says Daniel Kelman, a lawyer and Mt. Gox creditor who spent a year in Tokyo working on the case.

Further, once you roll your money out of your 401 (k), the extent to which your IRA is protected from creditors will vary based on the state in which you 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.

Getting behind on payments — and ignoring your creditors — could eventually result in a lawsuit, as in Nelly's case.

The Greek government is asking its creditors to avoid excuses and proceed with talks on much - needed debt relief for the country.

It's a far cry from the days — say 15 years ago — when less than a dozen banks held a corporate loan on their balance sheet, and companies could renegotiate the terms of their loan with a single creditor, or a small committee.

The biggest guarantee that Greece and its creditors will finally reach an agreement on its debt burden is the upcoming payment deadlines that will force through a deal, an IMF official has told CNBC.

The IMF has not changed its conditions to be part of the program and its decision is dependent on what European creditors propose, according to a source who did not want to be named due to the sensitivity of the situation.

With Greece at odds with its creditors and growing fears that it may default on its debt, a member of an opposition party believes Athens will strike a deal to remain a member of the euro zone.

The Greek government believes a deal with international creditors on its current debt pile is just around the corner.

European creditors and the IMF are scheduled to return to Greece on May 14 to work on the final review of the program.

Greece and its creditors are expected to discuss proposals to restructure the country's debt before May 22, a European official told CNBC on Tuesday.

Its European creditors decided on Wednesday to suspend the implementation of short - term debt relief measures after the Greek government announced additional spending on pensions - an action that European partners deemed as «unilateral» and disrespecting the efforts agreed under the country's 86 billion euro ($ 89.75 billion) bailout program.

On the other side, giving in to the creditors» pressure would make Tsipras look amateurish at best, and at worst, further undermine his credibility and standing domestically,» Wolfgango Piccoli, co-president of Teneo Intelligence said in a note on WednesdaOn the other side, giving in to the creditors» pressure would make Tsipras look amateurish at best, and at worst, further undermine his credibility and standing domestically,» Wolfgango Piccoli, co-president of Teneo Intelligence said in a note on Wednesdaon Wednesday.

Kobayashi is sitting on another $ 1.9 billion of the tokens and will consider offloading those too as he raises cash to distribute to Mt. Gox's creditors.

But if you go that route, warns Ballentine, make certain that you «don't execute any documents that unwittingly expose your spouse to the company's obligations through some type of «backdoor» rule, which would eventually allow creditors to get their hands on these assets.»

But whatever your own company's specific needs, there are two issues that every business owner should focus on: asset diversification and protection from creditors.

If the owner dies, creditors are likely to take everything, and the owner's family will be left without the income or assets of the business to rely on.

By the spring of 2012, RBC, to whom she owed more than $ 30,000 on a line of credit, was garnisheeing her wages, and other creditors were telling her they wouldn't deal with Cambridge.

Metals X has been forced to increase the price it is paying for Reed Resources» Meekatharra gold project to $ 9.9 million after administrators announced a surprise competing bid had been lodged just before a creditors meeting on Thursday.

At its worst, the 1,850 - room hotel and its 60,000 - square - foot casino was estimated by creditors to be worth at least US$ 360 million, thanks to its historic brand and high - profile location next to the MGM Grand (which was built on the Trop?s former golf course).

That didn't happen; creditors and parent company Fortress Investments LLC agreed to a restructuring plan in March on undisclosed terms.

While Venezuela has kept current on its bond payments, it has paid some coupons late, leading ratings agencies to declare a selective default and keeping creditors guessing.

The failure to reach a deal with creditors leaves Athens set to default on 1.6 billion euros of loans from the International Monetary Fund that are due Tuesday.

Buffett's Berkshire Hathaway has an all - cash offer on the table for $ 9 billion and has been battling for Oncor with fellow billionaire Paul Singer's Elliott Management, which is Energy Future Holdings» largest creditor.

Meanwhile, the unsecured creditors committee, which includes Mattel, LEGO Systems, and Simon Property Group, plans to investigate financial transactions made before the Chapter 11 filing, lawyer Kenneth Eckstein said on Tuesday.

With new carriers Mobilicity in creditor protection and Wind pulling out at the last minute because of a lack of funding from its Russia - based backer Vimpelcom, the path was clear for the Montreal company to swoop in and grab licenses on the cheap.

Depending on the level of your financial difficulties, your creditors may be willing to assist you.

President Cristina Fernandez's Peronist party is facing a tough battle to elect her successor as 30 percent inflation, a restriction on dollar purchases and a stubborn refusal to settle with creditors from its 2001 default erode support.

March 25 - Remington Outdoor Co Inc, one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt - cutting deal with creditors amid mounting public pressure for greater gun control.

On Friday, the country's finance minister, Yanis Varoufakis, told Irish Radio that Greece had bent over backwards to accommodate «strange demands» from creditors.

In fact, some euro zone ministers are against the creditors» current proposal because it goes too easy on Athens, Dow Jones also reported, citing an European Union official.

April 12 - Commodity trader Noble Group Ltd said on Thursday that more than 75 percent of creditors holding the majority of its senior debt have accepted its $ 3.4 billion restructuring plan.

After pinching pennies to avoid a U.S. default on debts in July, U.S. Treasury Secretary Tim Geithner now insists Uncle Sam will have to break its obligations to creditors in August unless the federal government's debt ceiling is raised.

Variations on this theme include making formal or informal arrangements to pay off your creditors, filing for voluntary liquidation, and declaring bankruptcy.

In what analysts and markets see as the final deadline, Greece has to reach a deal with creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund on Tuesday.

On Wednesday, Joseph Swanson, senior managing director of Houlihan Lokey, financial adviser to Noble's senior creditors, had said the proposed restructuring was the only transaction on the table, so creditors were focused on getting it donOn Wednesday, Joseph Swanson, senior managing director of Houlihan Lokey, financial adviser to Noble's senior creditors, had said the proposed restructuring was the only transaction on the table, so creditors were focused on getting it donon the table, so creditors were focused on getting it donon getting it done.

Greece's creditors see limited scope to accommodate Athens in talks on financing for reforms to clinch a deal on Saturday and are willing to reaffirm a 2012 promise to consider rescheduling its debt, a senior official close to the talks told Reuters.

PREPA is still working on a long - term restructuring with its creditors, which loaned the beleaguered utility more cash to make the payment.

In other words, instead of skipping a handful of payments or defaulting on a loan, contact your creditors and lenders as soon as a problem arises and negotiate some form of resolution that's within your financial means.

Detroit filed for bankruptcy on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the cradle of America's auto industry.

Detroit's odyssey through Chapter 9 municipal bankruptcy began on July 18, 2013, with major creditors girding for battle and has wound down in a flurry of settlements.

In the days leading up to Thursday's bankruptcy filing, Orr had been working with individual creditors to renegotiate those debts at dimes on the dollar.