When there is a secured
debt against your asset, the equity is the value of the asset after your unpaid debt amount is deducted.
The means test weighs
your debts against your assets and income to determine your ability to pay off your debts.
Not exact matches
A legal business entity can protect your personal
assets against liability for business
debts.
If you have some
assets, you might consider borrowing
against them with a secured loan to consolidate your
debts.
(a) Share of total Australian dollar
assets (per cent), subcomponents are the share of liquid
assets (b) While deposits with other banks are a store of liquidity, they do not contribute to the stock of liquidity held by the banking system as a whole, since the recipient banks will, in turn, need to hold additional liquidity
against these deposits; consequently, they are excluded from this table (c) Includes Commonwealth Government Securities and securities issued by the states and territories (d) Includes notes and coins, Australian dollar
debt issued by non-residents and securitised
assets (excluding self - securitised
assets)
Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan
against an
asset that serves as collateral, most commonly a house.
Mortgage lenders must weigh the borrower's income and
assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring
debt obligations.
Ignoring your tax
debt will impel the IRS to use tough tactics
against you, such as placing a tax lien
against your property or levying your
assets until your
debt is satisfied.
By Paul Nicholson March 4 — The five - year long New York court case following the sale of Liverpool Football Club to Fenway Sports Group revealed this week former owner George Gillett Jr is still paying # 125,000 a month in
debt repayments for a loan secured
against the club, and that the new owners felt that due to the aging playing squad the # 295 million price was in fact an overpayment for the
asset.
We may choose to offset Scotland's share of the value of UK
assets against our inherited
debt.
We need to reform the public sector borrowing requirement to free councils to borrow money
against their
assets to build council houses (i.e use the EU definition of Public Sector Net
Debt).
As of September 30, 2008, our balance sheet had... $ 420m in short - term
debt... $ 411m of which had been reclassified from long - term
debt, due to our failure to comply with certain covenants and restrictions in the agreements governing our 2005 Notes and 2006 Notes... We do not currently have sufficient cash to repay this indebtedness if our
debt is accelerated and if the noteholders instituted foreclosure proceedings
against our
assets.
A credit freeze protects you
against identity fraud and gives a simple way to control your
assets and
debt.
Lenders will take into account your
assets, income, credit score, the current value of the property, other
debts and the total amount you want to borrow
against your home.
Are there
assets that you can sell or funds that can be borrowed
against a lower interest rate to help repay the
debt?
Unsecured
debt is held by creditors that have no claim to your
assets, unless they file suit
against you (i.e. credit cards).
An unsecured
debt is one that has no security
against it (you have not used
assets as collateral for the loan).
There are good reasons to borrow
against your largest
asset, but should it be used to pay down high - interest credit cards or for
debt consolidation?
A
debt consolidation company will usually look to secure larger loans
against an
asset such as your home (the interest payable on an unsecured loan will be much higher), which means that it will be at risk if you do not keep up with repayments.
The central banker also warned
against taking comfort in statistics that show, on average, growth in Canadians»
assets are vastly outpacing their
debts, pointing to other countries whose banks made the «classic mistake» of lending based more on borrowers»
assets than their liabilities.
There are so many other areas that are affected by non-payment of child support that can impact on your ability to clear the rest of your
debt including the sale of your
assets to cover the cost and liens on your
assets to stop you borrowing
against them to clear
debt.
Loans secured
against personal
assets, such as a 401k account retirement or other liquid
asset are not considered in the
debt ratio.
Therefore, as the U.S. dollar appreciates
against a local emerging market currency the
debt service costs rise and make a risky
asset even more risky.
To help protect
against U.S. inflation, under normal conditions, the Portfolio will invest over 50 % of its net
assets in inflation - linked
debt securities.
It has been winding it's way through the courts since 2003 and it was filed by Andrew and Kelly Zimmerman
against John and Richard Puccio (the defendants), Cambridge Credit Counseling Corp., Cambridge / Brighton Budget Planning Corp., Brighton Credit Management Corp., Cambridge Credit Corp., Brighton Credit Corp., Brighton
Debt Management Services, Ltd., Brighton Credit Corp. of Massachusetts,
Debt Relief Clearinghouse, Ltd., Cypress Advertising and Promotions, Southfork
Asset Management Corp., and First Consumers Credit Management Corp..
Against this (unrealized)
asset, I estimate there's $ 14.3 mio of cash (as of the last balance sheet, and adjusting for the subsequent placing), and
debt of $ 36.5 mio.
Credit card
debt is an unsecured
debt (unsecured means it's not secured
against an
asset such as a car or a house) just like a personal loan or a store card.
A law that most
Debt Collectors break is running a credit report
against you to find out as much as they can to see if you have any
assets.
It is legal to represent yourself in a bankruptcy, but experts don't recommend it, because a simple mistake can take away your legal protection
against debt collectors, allow creditors to take away major
assets or even result in criminal charges.
Ian Martin: Right, in most situations, so, typically like those that
debts are what we call unsecured
debts where they don't have any kind of lien registered
against an
asset.
Unsecured
debt obligation, issued
against the general credit of a corporation, rather than
against a specific
asset.
3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential and priority expenditure (things like rent or mortgage, gas, electricity, food, transport to work and any repayments towards loans that secured
against an
asset such as your home), unsecured
debts (such as credit cards, overdrafts and personal loans) and
assets (things you own that have a saleable value, such as property and cars).
If you have unmanageable
debt, there are a number of options that may be available to you that will actually reduce your monthly repayments to a more realistic and affordable level, stop creditors taking enforcement action
against you and protect important
assets such as your home.
A personal loan is a type of unsecured loan, which means the
debt isn't secured
against any
asset.
MIC sought to enforce this judgment
debt against Naftogaz's
assets in England by obtaining (i) a freezing order
against Naftogaz in relation to its shares in a UK oil company; (ii) a default judgment
against Naftogaz in the sum of such
debt («English Default Judgment»); and (iii) a third party
debt order requiring share dividends due to Naftogaz to be paid instead to MIC and also a charging order in favour of MIC in respect of such shares.
Usually, they have multiple
debts or judgments
against them, little or nothing in the way of
assets, and they may file for bankruptcy to protect themselves from their malpracticed clients» lawsuits.
Accordingly, it challenges such conceptions by proposing that if one adopts non-absolutist and non-monolithic conceptions of sovereignty and legal personality, and that if one acknowledges that consent is the foundational basis for arbitration, then there can be no basis for supporting the proposition that an SOE can be held liable for the award
debts of a state and its
assets executed
against in satisfaction of such
debts.
For the most part, however, because enforcing
debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce
debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on
debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned corporations whose
debts can only be collected out of the corporation's
assets and revenues, and (5) avoidance of trade credit obligations by paying bills in cash.
Complaints
against insolvent employers (i.e., an organization that does not have enough
assets to cover its
debts, or is unable to pay its
debts as they become due) are still handled through the Ministry of Labour.
A Premarital Agreement isn't simply a guard
against a tough divorce; having an agreement in place can protect specific
assets and sort
debts so you can enjoy a healthy financial situation and a healthy marriage.
Cary, North Carolina — based Contract Research Solutions filed for bankruptcy in Delaware on March 26, listing
assets of $ 205 million
against $ 248 million in
debt.
After months of circling to try and avoid touching down in bankruptcy court, Memphis - based regional carrier Pinnacle Airlines filed for Chapter 11 in Manhattan on Sunday, listing more than $ 1.5 billion in
assets against $ 1.4 billion in
debts.
In respect of contentious matters, disputes dealt cover a variety of different types of claims, ranging from
debt recoveries, guarantee claims,
asset recoveries (often involving a range of jurisdictions) to complex breach of fiduciary claims
against directors / third parties and claims relating to trust property.
Other situations can also cause delays, such as a complicated tax situation, the number of
assets to be sold,
debt disputes, or lawsuits
against the estate.
To safeguard
against the liability of handing
debt over to your survivors in death, the right life insurance policy can financially protect your family in the event your
debts outweigh your
assets.
SALT is playing a pioneering role in providing investors with a secure opportunity to lend
against a high - growth
asset class through a fully - collateralized
debt vehicle.
SALT also provides investors with an innovative and secure opportunity to lend
against a high - growth
asset class through a fully - collateralized
debt vehicle.
If your misstatement comes to light during your divorce proceedings, the court can rule
against you, particularly with regard to division of
assets and
debts.
Applicants» income,
assets, savings, and
debt against their monthly house payments will be more closely scrutinized.
Financed cars, boats, trucks, TVs, computers, and the like are a double whammy, as they are not
assets that serve the goal of financial freedom, and the
debts must be counted
against their financial position.