Sentences with phrase «debt workout»

For the context of this discussion I refer to a credit card debt workout as a negotiated settlement of credit card debt.

This tax exclusion, in place since 2007, has facilitated short sales and certain debt workouts.

Max has acted in a wide variety of restructuring and insolvency cases, including cross-border, private and court - supervised debt workouts and restructurings, receiverships, bankruptcies, winding - ups, secured transaction and priority disputes.

For example if you owed $ 5,000 on a credit card and made an agreement with the credit card company to pay $ 2,000 instead of $ 5,000 as settlement in full on the debt, this would be a credit card debt workout.

Peter has represented lenders and borrowers in debt workouts and restructurings, recapitalization, asset purchases and dispositions and related transactions.

Kalra also has extensive experience representing clients before the IRS Appeals Office on numerous issues of federal income taxation, including the defense of purported tax shelters and their related penalties, the characterization of true lease transactions, the tax consequences of complex debt workouts, and the treatment of sophisticated financial products.

And we have acted in a wide spectrum of cases, including private and court - supervised debt workouts and restructurings, receiverships, bankruptcies, winding - ups, secured transaction and priority disputes, directors» and officers» liability, lender liability and shareholder disputes.

What is the different between a debt workout and a debt consolidation for reduction or elimination of credit card debt and other unsecured debt?

It depends on the status of the debtor's credit before the debt workout.

Firms who perform this type of work may identify themselves as debt management, debt reduction, debt relief, debt workout, debt settlement or a host of other names inferring they help with debt even sometimes including debt consolidation.

Anyone with good credit should consider the debt workout as an option very seriously before undertaking it, as his or her credit will be essentially destroyed.

Bill has vast experience in corporate transactions, fundraising, tax and finance planning for families and family business, debt workouts and numerous other legal and financial matters.

ICSC will host an educational seminar, «Debt Workouts, Institutional Funds and Repositioning of Challenged Assets,» on February 11 - 12 in New York City...