Sentences with phrase «debt adjustment plan»
The unanimous vote by the financial review commission, which was created as part of the city's federal court - approved debt adjustment plan, enables Detroit's elected officials to enact budgets and enter into contracts without first obtaining the board's approval.
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The largest adjustment comes from making debt service payments earlier than previously planned.
Standard & Poor's criticized Oyster Bay's lack of long - term financial planning, absence of a formal policy to limit borrowing and pay down debt, unrealistic projections and failure to make budget adjustments when actual revenue and expenses don't add up.
The last habit is to simply review your debt elimination plan monthly and make adjustments if necessary.
In a Chapter 13 bankruptcy, also known as an adjustment - of - debt plan, the debtor makes partial payments to creditors as part of three - to five - year repayment plan.
Businesses advertising voluntary debt reorganization plans or «Chapter 13» relief may fail to explain that Chapter 13 debt adjustment actually is a form of bankruptcy.