Sentences with phrase «creditors at least a portion»

Instead, you enter into a court - supervised plan to pay your creditors at least a portion of what you owe them.

Not exact matches

To convince your creditors to accept less than you owe, they will tell them that getting at least a portion of what you owe would be better than getting nothing at all.

Reason stands that if the credit card debt is the primary reason for the consumer to file bankruptcy, if the creditor is able to significantly reduce that debt so the consumer can pay it off, then they can avoid bankruptcy and the creditor recovers at least a portion of the debt due to them.

Doug Hoyes: And that's why the success rate on consumer proposal is so high; if the creditors know they're going to get more money in a consumer proposal than they're going to get in a bankruptcy, and the person who owes the money is filing the consumer proposal because they want to avoid bankruptcy, they want to pay back at least a portion of their debts.