Sentences with phrase «debtor takes»

If debtors take these comments to heart and believe that their chances of success are trivial, they will be less likely to attempt to discharge their educational debt.

This legislation would have provided benefits to student debtors taking advantage of private refinancing; Sen. Thune commented, «This is a winning solution for students and businesses alike.»

While a debtor may be concerned that bankruptcy will wreak havoc on their credit score, albeit temporarily, the paths the debtor took up until bankruptcy may have already done enough damage.

Next, see debtors take to the streets.

The requirement that debtors participate in an income - based repayment plan for at least three years is intended to ensure that debtors take advantage of options other than bankruptcy before seeking discharge.

The U.S. Department of Justice has announced new state median income levels for debtors taking the Chapter 7 means test.

Not exact matches

«In this case, a creditor can only take your house if you're both liable or if the spouse who isn't the debtor dies.»

(See Making Student Debt Less Sticky) While the very uniqueness of each loan and each employee's situation makes it inefficient and uneconomical for any one business to take on the problem, in the aggregate this problem is a large source of growing concern for more than 40 million student and parent debtors (as well as their employers).

And if you convince a debtor that that's how you see it — an integrity issue in which nobody's playing games, nobody's winking — he'll start to take you seriously.»

Sovereign debtors must agree to IMF «conditionalities» in order to get enough credit to enable bondholders to take their money and run, avoiding haircuts and leaving «taxpayers» to bear the cost of capital flight and corruption.

If debtors can not pay, the Treasury and Fed will take their IOUs and bad casino gambles onto the public sector's balance sheet.

He is accused of repeatedly losing money for investors and lying to them about it, illegally taking assets from one of his companies to pay off debtors in another.

But the real emergency affects mainly debtors — mortgage debtors with negative equity, companies loaded down with junk bonds (many of them taken to buy back corporate stock and increase dividend payouts to increase the price at which managers can cash out).

The greatest risk was that large debtors such as Italy and Greece would take the political step of leaving the Euro to adopt new currencies, so they could devalue and have their central banks print the money to «fix» their problems.

The reason why most early financial contracts with traders and other entrepreneurs took the form of debt rather than equity was asymmetric information: The creditor could not easily discover exactly how profitable the debtor's business was.

Additionally, borrowers who default become ineligible to take out any more federal student aid or to apply for loan deferment or forbearance, which can help struggling debtors.

Ezekiel's picture of the righteous man indicates that» [he] does not oppress any one, but restores to the debtor his pledge, commits no robbery, gives his bread to the hungry and covers the naked with a garment, does not lend at interest or take any increase» (18:7 - 8).

Saudi money may keep the country from becoming one of the world's chronic debtors, but in exchange the Saudis encourage Nigerian leaders to favor the causes of the country's Islamic population, and they take all available opportunities to build mosques.

The government is taking payment - by - results to a whole new level - by encouraging debt collection agencies to retrieve money in ways MPs fear could hit vulnerable debtors hard.

The then - AG had said in a notice thta: «Please take notice that the 1st Defendant Judgment Creditor [Attorney General] herein has this day [26th day of October 2016] discontinued the present application to orally examine the 3rd defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.»

He said the ECG might be caught by the Limitation Act (which requires cases to be taken to court within six years) if it failed to prosecute its debtors early and its money would be lost permanently.

The declining purchasing power protects against bad credit of non-bank debtors whilst taking the heat off of moneylenders in regards to allegations of usury.

The notice of discontinuance stated that «please take notice that the 1st Defendant Judgment Creditor (Attorney General) herein has this day (26th Day of October 2016) discontinued the present application to orally examine the 3rd Defendant Judgment Debtor (Woyome) with liberty to reapply.»

The notice of discontinuance stated that «please take notice that the 1st Defendant Judgment Creditor [Attorney General] herein has this day [26th Day of October 2016] discontinued the present application to orally examine the 3rd Defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.»

On and beneath the meanest streets of Glasgow, fiery gangster Bart (Hoskins) is merciless with debtors, would - be rivals, and anyone else to whom he even takes a passing dislike.

To better understand the female student debtor's situation, let's first take a look at the average insolvent student debtor from our study.

If the debtor fails to meet his obligation, the creditor can take possession of the collateral.

Additionally, Dr. Bradshaw proposed that repayments should be made through a special arrangement that would take money out of the student debtor's salary, which would hypothetically reduce the tax burden on graduates.

If the collateral doesn't take care of a debt in full, creditors can sue debtor for the balance.

We've said it time and again on the forum: Tax refunds are the number one asset that trustees routinely take from debtors.

Debt consolidation loans can be actually lifesavers for particular borrowers and debtors because they allow you to take all of your existing debts and bundle them together to form one big, massive debt.

It takes around 10 years for the average student loan debtor to complete their payments.

The savings could be as much as 50 percent or more if the debtor is willing to take that much less.

The creditor has to take legal action directly against the debtor which takes a lot longer.

The average debt settlement has too many facets for the average emotionally driven debtor to truly understand what it takes to strike the best deal.

the IRS took approximately one year and 9 months to discover its error and failed to respond to the debtors claim for an award of attorney's fees.

A judgment lien can only be granted by a court when a creditor takes a debtor to court for failing to pay a debt and the debtor loses.

The first student loan reforms took place in 1976 as an amendment to the Higher Education Act and required that debtors wait five years from the beginning of their repayment period, or demonstrate undue hardship, before their student loans were eligible for discharge in bankruptcy.

Although it took a number of years for the debtor to prevail, eventually with the help of a good bankruptcy attorney she was able to show that the discharge of debts in bankruptcy applies to even the most powerful of creditors.

Goodness knows how long this new process if going to take and what opportunities student loan debtors will have to actually have their loans discharged due to misrepresentation by colleges and schools who received federal student loans.

It also tells you when and where Debtors Anonymous meetings take place.

At this point, debtors are no longer eligible to refinance their loan or take on any more student debt.

If they take the debtor to court, the court will file a judgement for or against the debtor.

So if a debtor receives a discharge on a debt owed to a credit card company, that company can take no action, either formal or informal to make a debtor pay the credit card balance.

Debtors with a regular income can use Chapter 13 bankruptcy to cope with their overwhelming debts, but there are long - term consequences for consumers who take this route.

1) «Whether a debtor is approaching retirement, taking into account the debtor's age at the time student loans were incurred and resources likely to be available to the debtor in retirement to repay a student loan...»

When debtors begins to consider bankruptcy, it usually doesn't take too long for them to discover that Chapter 13 offers many of the same protections and debt relief of other bankruptcies, without requiring those who owe to get rid of all their property.

While the U.S. Department of Education has made a history in the last few decades by taking the stand that student debtors who file for bankruptcy be required to agree to some form of income - based repayment plan, a recent case has poked a big hole in that hot air balloon defense!

Let's take a closer look into Cornerstone student loans and see how they stack up against other servicers and look closely into everything that Cornerstone has to offer for a student loan debtor in repayment.

Posted on the internet in August of 2008 as a comment in a discussion on bankruptcy, the debtor in this personal bankruptcy story shared how his small business failed because of his failing to develop a business plan: «I took a business risk 3 years ago and didn't have a plan B.