Sentences with phrase «creditors of a sum of money»

All creditors of a sum of money are in the same situation: to be deprived from one's resources or assets is never a very pleasant expectation.

Not exact matches

Many debt consumers choose to make an agreement with their creditors when the last ones reduce the amount of debt, so that you avoid the bankruptcy and the lender receives at least a part of the borrowed money sum.

Through a full and final settlement, you would offer your creditor a lump sum of money that's less than the full amount you owe.

If you can get access to a lump sum of money, from a family member or some other source, it's worthwhile to call up a creditor yourself and simply ask whether it will accept less than the total amount you owe if you pay a lump sum.

Once the fees were paid, the company would accumulate the payments until there was sufficient money available to offer a lump sum settlement payment to one of the client's creditors.

It is usually only an option if you have a reasonable amount of money available every month to pay your creditors or you have a lump sum or assets that you can include.

Essentially, the bookkeeper and de facto office manager loaned large sums of money to the firm; when the firm went bankrupt and she became merely an unsecured creditor, she sued for negligence, breach of contract and breach of fiduciary duty.

Often debtors will accept that they owe the creditor a sum of money but will advance the argument that the demand should be set aside on the basis that the demanded sum is incorrect.

This would allow creditors to secure a sum of money due to or claimed by them, by preventing the removal or transfer of funds held to the credit of their debtor in one or several bank accounts within the territory of the EU.