Sentences with phrase «creditors get more money»

Not exact matches

Each creditor — that's everyone you owe money to — gets one vote for every dollar you owe and if more than half of the dollars vote in favour, everyone has to take the deal.

You need to offer your creditors more money than they get in a bankruptcy.

Now that many more Social Security recipients are entering the electronic banking world, I expect that more than a few will find themselves trying to get money back from a judgment creditor who found a co-mingled account.

On the other hand, you could get approved for a loan or mortgage more easily if you have a lower debt - to - income ratio because your creditors may feel that you will be more likely to pay back the loan since your money isn't already tied up in other debts.

The creditor, who is already in the hole, must now spend more money with the hope that the used furniture will get them even after it is sold.

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.

If you've got one or more cards that are close to being maxed out, it may give banks and creditors the impression that you're not responsible when it comes to managing your money — and that you may not be able to pay them back.