Sentences with phrase «creditors are in the business»

Your creditors are in business.

Creditors are in the business of making money and the first rule of making money is to not lose money.

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.

Though the Canadian arm of the company filed for creditor protection in September, it said it has enough financing to stay afloat, even while the company shutters its business in the U.S. and U.K. and is reportedly likely to liquidate its ventures in Australia, France, Poland, Portugal and Spain.

He thought back to his childhood, when his father, once a well - to - do merchant, had been forced to sell his business to pay his creditors and had left town in shame.

If your situation is really dire and your business is filing for bankruptcy, you might take advantage of a protection - from - creditors loophole offered by the state in which you own your home.

Besides lenders and creditors, several other parties may be interested in reviewing a business credit report.

The provisions of Chapter 11 of the U.S. Bankruptcy Code allow businesses to find ways to reduce their debt and restructure their operations without having to be shut down and liquidated to satisfy debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptcy court).

It's one of the first places lenders look to learn the details of your business — the industry you do business in, projected revenues, estimated annual sales, and how you interact with your creditors is some of the information included in your profile.

There are many other ways of allocating a significant portion of the debt - servicing cost to unwilling agents in the economic equivalent of debt forgiveness: to creditors when debt is repudiated, to workers when wages are suppressed in order to increase net revenues for debt servicing, to small business owners when assets are expropriated to pay down debt, and so on.

However one of the fundamentals of bankruptcy is that viagra substitut ordinary unsecured creditors owed money have to wait in line for the receiver to decide how best to deal with the insolvent business.

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.

«Christianity is not being attack the devil is a liar / people today will sue by association, irs is coming after me in 2011 after i left my business partner in 2008 he did nt pay them or others creditors they do nt care if you do nt owe it they want the money i own another company, a person give me a bad check for 100.00 he got a attoney in n / c trying to sue me for 4000.00 there was no voilation, but everyone i spoke to said it would be cheaper to offer and settlement / he owed the debt he bouced the check, why should i pay, so its about the mighty green but all liars will have their part in the lake of fire, he without sin cast the frist stone

Administrators Grant Thornton are now in the process of reviewing the business in an effort to find a buyer and realise assets for creditors.

«These regulations affirm that all transgender individuals are protected under the State's Human Rights Law, and all public and private employers, housing providers, businesses, creditors and others should know that discrimination against transgender persons is unlawful and will not be tolerated anywhere in the State of New York,» read the press release announcing the action.

In October they were suspended from trading on the AIM market, and in December a proposal was issued by their newly appointed Joint Administrators to sell the business and satisfy their considerable list of creditors, if possiblIn October they were suspended from trading on the AIM market, and in December a proposal was issued by their newly appointed Joint Administrators to sell the business and satisfy their considerable list of creditors, if possiblin December a proposal was issued by their newly appointed Joint Administrators to sell the business and satisfy their considerable list of creditors, if possible.

As far as I'm concerned, it's time for them to prove they have a clue by filing their new business plan / reorganization plan instead of holding their hand out for more money while telling their creditors to bend over and trust them not to kick them in the rear again.

Neil Jones, the Marbella - based British entrepreneur who founded Interead in March last year, has told friends he is the firm's biggest creditor, claiming to have put about $ 1m (# 660,000) into the business.

The credit reporting agencies (Experian, Trans Union, Equifax) are in business to make profits and provide information to your creditor's.

Creditors and mortgage lenders want people to be able to succeed and finance the homes that they are interested in, not out of altruism, but in a business sense.

In other words, if the firm went out of business, all other creditors would be paid before the lender on the subordination agreement.

As a consequence, the creditor will be able to stay in business and make profits from other borrowers with better credit scores since there is no obligation to charge more for the loan.

You must keep in mind that debt settlement is not a new process it has been going on for many years; once you get past the emotional level of being in default you will come to understand that it is just part of doing business for the creditor.

, is that one of the complicating factors in a crisis is the tendency of policymakers (along with workers, creditors, small businesses, and middle class savers) to change their behavior in response to a crisis by taking steps that protect them from the consequences of the crisis but that also make the crisis worse.

In a business bankruptcy employees who are owed wages are preferred creditors, and receive payments before regular unsecured creditors.

As the most common and simple form of personal bankruptcy, a Chapter 7 petition is not as likely to draw challenges from creditors as in more complicated, business bankruptcy proceedings.

A Debt Relief Service company covered under the new rules is a for profit company that engages in the business of offering or implying to offer to reduce, renegotiate or otherwise change the terms of a consumer's debt repayment with an unsecured creditor.

It's one of the first places lenders look to learn the details of your business — the industry you do business in, projected revenues, estimated annual sales, and how you interact with your creditors is some of the information included in your profile.

This is because, to stay in business and continue to finance its growth, a company must maintain as good a credit rating as possible, so creditors will usually pay on time if there is any way at all to do so.

It is probably relevant that I have actually had a business relationship with the original creditor, and that the claim isn't unfounded; it's just wrong (in my assessment).

If your business is in trouble with creditors, it may seem hopeless to try to dig yourself out.

In all these cases, creditors, businesses and landlords check your credit to determine if you're at risk for defaulting on payments or if you can afford the service.

Simply put, filing for bankruptcy is a legal proceeding that is designed to protect both creditor and debtor and to allow the honest person or business to work their way out of a bad financial situation, or in some cases, to completely start fresh.

It is just too unsettling swimming in the mezzanine swamp, as contrasted with either being a senior creditor, a holder of high grade equities, or an investor involved with business development.

Like any business being hounded by creditors with lawsuits in hand, ResCap is applying for legal protection in the bankruptcy courts.

As more consumers default on credit cards they could not afford in the first place, fewer creditors and lenders will be willing to do business with these consumers, limiting their options and increasing the cost of borrowing at the same time.

While creditors collecting for their own accounts are not technically included in this act, most creditors will follow the act's regulations in the interest of using what are considered to be fair and sound business practices.

Thus, your creditors pay the credit bureaus and the credit bureaus are in business to make a profit.

Their business is to store information reported by many creditors, and in turn, sell back credit bureau information, to include your credit report and credit rating, to those same companies.

The intent was to provide individuals with a procedure for restructuring their personal debts in the same manner that businesses could, by using a simplified version of the proposal to creditors.

Creditors, insurers, employers, and other businesses that use the information in your report to evaluate your applications for credit, insurance, employment, or renting a home are among those that have a legal right to access your report.

While many credit counseling agencies are non-profit, debt settlement companies are for - profit businesses that agree, with no guarantees, to negotiate with creditors to pay off your debts in a lump sum for a fraction of what you owe.

A creditor who willfully makes charges in excess of those permitted by Section 5 -19-3 or a creditor who willfully engages in the business of making loans in violation of subsection (a) of Section 5-19-22, or both, is guilty of a misdemeanor and, upon conviction, shall be sentenced to pay a fine not exceeding five hundred dollars ($ 500) or to imprisonment not exceeding one year, or both.

The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.

As a part owner of the business, you would have likely watched your investment in the company lose value even while its creditors (like the investors who bought GM's bonds) were happily collecting their interest payments.

VERY LITTLE COMPLAINTS FROM CUSTOMERS: In the debt business if you are not offering an effective program then your customers will get sued from creditors, cancel the program and make complaints.

If there is any one thing to which TAVF's good 1990 through 1994 performance ought to be attributed, it is the absence of any permanent impairments in the fundamental values of any of the businesses in which the Fund invested, either as a creditor or an equity holder.

With a freeze in place, your credit file will not be released to anyone who requests it (creditors you already do business with will still have access to your file).

Creditors, lenders, and banks are all in business to make money and not to damage people's credit.

Debt collectors are typically in business as collection agencies that attempt to collect debt assigned to them by original or third party creditors.