Sentences with phrase «creditor over other creditors»

Not exact matches

The state government will introduce legislation into parliament tomorrow designed to finalise the long - running Bell Group legal case, in which the Insurance Commission of WA and other creditors are fighting over a $ 1.7 billion payout.

The idea horrified other EU nations, Greece's creditors and financial markets as investors worried over the prospect that Greece could be forced into a disorderly default.

Frozen foods manufacturer Findus is reported to be renegotiating over # 700 million of loans with its banks and other creditors.

Any money left over, we distribute evenly to the other creditors.

Greeks have witnessed discussions shift from $ 1 billion in additional measures (last proposal put forth by the New Democracy - PASOK government following demands from creditors), to over $ 10 billion in additional measures last month, to today's «Greekment» according to which Greece will undergo harsher austerity (for next three years) than at any other point since the crisis began.

The OTB plan, offered by Gov. David Paterson, calls for the New York Racing Association, which operates tracks including Saratoga, and other creditors to take over New York City OTB's phone and Internet betting operations.

During a trip to south Wales, he said: «Our starting point would be to say to the other two parties «you know you have got to control the deficit and debt», and have a plan our creditors believe for getting rid of the structural deficit over the next parliament.

If that's true is the amount on the second mortgage or a portion of it included in the monthly payments that are made over the next 5 years back to your other creditors?

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

If you select this debt relief restructuring option, Westgeest & Associates will work with you to develop a plan, a proposition, proposal: an offer to pay your creditors a portion of what they are owed, including any other term (s), condition (s) required to see, foster the proposal to completion over a period extending up to five (5) years, and present, negotiate and administer the plan with your creditors.

But there are special rights for the recipient if arrears exist in the past 12 months — the recipient has a priority claim over other unsecured creditors (section 136 (1)(d. 1)-RRB-

It just makes sure that the IRS will get the first rights to your property over other creditors.

If your credit score is not over the 720 range, it is important that you have other provable resources to back your financial abilities including sufficient income, small expenses, and are in good standing with your current creditors.

In other words, the court knows that you're likely to choose to repay them over other creditors.

Part of the rationale for the longer look - back period for insiders is that they have an edge over other creditors.

First, paying off some creditors (but not others) is not allowed under the bankruptcy code because you are favoring one creditor over another.

Chapter 13 bankruptcy allows debtors the option of paying out the value of non-exempt property to their creditors over time while slashing credit card debt and other unsecured debt.

Slowly, over the course of several years, my other creditors would contact me, and we'd agree on a settlement like this.

What you can do is sue in court and demand priority over other creditors, but...

A preferred stock gets priority in receiving dividends and precedence over common stockholders (after bond holders and other creditors though) in the event of a liquidation of corporate assets (like in a bankruptcy).

Over time, the same problem that you have with one creditor affects your standing with others.

The change is that companies offering debt relief services over the phone can not collect advance fees from you before settling or reducing your debt, before having an agreement for debt management or other services in place, or until you've made at least one payment to a creditor as a result of a plan negotiated by the debt relief provider.

This report can provide lenders and other potential creditors a snapshot of how you've handled your debts and payments that were due over time.

Ted Michalos: And yeah, even more basic than that, the government has decided that if you're over their threshold for what they think a family your size needs, you keep half, your creditors get the other half.

^ Creditors may consider your age if you are: to young to sign contracts (generally under 18), you're over the age of 62 and the creditor will favor you because of your age, age is used to determine other factors important to creditworthiness (e.g if your income is about to drop due to retirement), it's used in a valid credit scoring system that favors applicants 62 and older.

When a chapter 11 debtor needs operating capital, it may be able to obtain it from a lender by giving the lender a court - approved «superpriority» over other unsecured creditors or a lien on property of the estate.

What that means is the creditor received payment in preference over other creditors that hold the same weight.

The Bankruptcy Code establishes that certain types of debt have priority over others, and these creditors are therefore entitled to payment from the bankruptcy estate first.

That means one creditor has benefitted unfairly over others.

You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease, trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease, trade or otherwise transfer any «Gold» or other virtual currencies, game resources, in - game services like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access, trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement of any kind, which in substance secures the payment of money or performance of any obligation or gives a creditor priority over unsecured creditors, over any of your rights with respect to the Game, your Game account or In - Game Items.

Secured creditors have priority over any other ordinary creditor.

The preferential debt status of employees means that in the insolvency, if there is any money at all left over after paying holders of fixed charges (such as mortgage companies or other secure creditors) and their preferential debt, employees are entitled to another slice of what they are owed.

For example, Terence Corcoran questions why creditors are entitled to priority status over pensioners and maintains that «the legal and financial professionals who work the lucrative insolvency field in Canada have a list of reasons to put banks and other lenders ahead of employees and pensioners, none of which deserve the reverence and support they've received from Ottawa» («Pensioners victims of inaction in Ottawa», National Post, February 5, 2013, here).

These provisions allow priority over all other existing secured and unsecured creditors but are balanced by the need to protect the debtor's existing secured and preferential creditors.

In 2008, another federal court harshly dismissed his claims for violations of the Fair Credit Reporting Act against two other creditors, noting that Flury had «filed eleven lawsuits against various defendants over the last four years, and with the exception of one case that ended in a default judgment, plaintiff has voluntarily dismissed every action once the defendant moved to dismiss the case or otherwise responded to the complaint.»

In reaching these conclusions the judge noted that, among other things, he had taken into account the administrators» professional standing and reputation, the fact that a court should not remove an administrator simply because conduct has fallen short of the ideal (but in this case it had «gone further than that») and that this was not a case where removal would encourage activist creditor applications or cause insolvency office holders to «have to look over their shoulders».

The court below found that, because the arbitrator had directed the equalization payment to be paid from the husband's share of the proceeds of sale, the award created an equitable trust in favour of the wife over the husband's share of the net proceeds of sale, in priority to other creditors.

The Michigan Agricultural Mediation Program is helpful if issues arise with lenders, creditors or the USDA agencies over loans, credit, wetland determinations, farm program compliance, crop insurance or other agriculture - related topics.

The decision to seek a windup of Sears» pension plan will protect employees» ability to argue that they should receive priority over other creditors.

After Wabush had sold its assets, it sought direction from the Quebec Court on whether the deemed trust in respect of the deficits and the outstanding special payments took priority over the claims of other creditors.