Sentences with phrase «debtor time»

(a) «effective date of this Convention» means in relation to a debtor the time when this Convention enters into force or the time when the State in which the debtor is situated becomes a Contracting State, whichever is the later; and

This three - five year plan allows the debtor time to catch up on past due bills while stopping harassment and threats of foreclosure and repossession.

This debt repayment plan allows the debtor time to catch up on past due financial obligations.

This plan allows the debtor time to catch up on past due bills.

This three - five year plan gives the debtor time to catch up on past due bills.

This 30 - day period gives the debtor time to appeal.

Active participant in the successful initiative to roll back defendant / debtor time to respond to creditor lawsuit, from 45 days to 20 days.

The automatic stay may also stop a home foreclosure, allowing the debtor time to make past - due payments current.

The delinquency period gives the debtor time to avoid default by contacting their loan servicer or making up missed payments.

Not exact matches

On September 7, Debtwire reported that Toys «R» Us was holding talks with restricted investors about raising rescue financing to pay off the debt maturing in 2018, but at the same time was also trying to line up «debtor - in - possession» financing.

Often, business owners can optimize cash flow by negotiating longer payment cycles with creditors and encouraging debtors to pay in shorter time periods.

OJK at that time had only allowed fintech companies to act as brokers, to match debtors and lenders.

This is the third time in the past four years that the government has had to write off outstanding loans for reasons that include bankruptcy, the six - year legal limit on collection and debtors who can no longer be found.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

This will save you money in the long run: decreasing the time you pay on a loan will keep the interest in your pocket and out of your debtor's bank account.

He said in a statement at the time that: ``... I have this morning 4th November, 2016 filed an application at the Supreme Court for leave to examine the judgment debtor as the citizen public interest plaintiff in favour of whom the case was decided for the Republic of Ghana.»

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

You acknowledge that Section 1542 provides that: «A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.»

This fictionalized story of Charles Dickens» early life relates the hardships of working in his father's boot - blacking factory while the latter served time in debtor's prison, and the boy's dreams of becoming something more.

The debtor would say, «I didn't have a job at the time.»

Often times, loan servicers will work with debtors to create a payment plan that works for both parties.

Carrying student debt into your mid-30's (the average student debtor is 35 years old) at a time when you are raising a family (47 % are likely to have dependents) is unsustainable.

An example of this «workout plan» is the debtor agreeing to pay more than the monthly payment for a fixed period while the creditor agrees to lower the interest rate or even eliminate interest during that time, allowing more of the payment to go toward debt owed versus interest and penalties.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

States have statutes of limitation that define the length of time a creditor can sue a debtor for repayment of credit card debt.

Chapter 13, Adjustment of Debts of an Individual with Regular Income, provides for adjustment of debts of an individual with regular income by allowing the debtor to keep his property and pay his debts over time, usually three to five years.

But the debt gets slapped on the debtor's credit report until it «times out,» a term of legal art with different meanings in different states (generally three to seven years).

We are the world's largest debtor nation with a National Debt that is 14 times larger and 89 % of GDP (not including Fannie / Freddie debts and unfunded liabilities.)

Following are legal considerations about some of the common collections concerns for debtors in New York: Statutes of Limitations: A statute of limitations on a debt is the time period following the last payment made during which a debtor can be sued successfully for payment.

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

Although it may be difficult for some to get their finances back on track during that time frame, forbearance provides a temporary relief for many debtors.

Originally this «protection» industry was all about protecting the small ma and pop shops for a fee but this time ma and pa did not have to pay - the debtor did.

The Bankruptcy Code sweeps up all property of a debtor into a pot for creditors, even property received through inheritance at any time before and up to 180 days after a bankruptcy filing.

If the mortgage is started at a time when the rates are very low, the debtor has the advantage of paying the same rates over a long period without having to worry about the rise in the interest rate over the years.

A detailed review of our Joe Debtor insolvency study found that 9 in 10 insolvent homeowners carried a high ratio mortgage at the time of their insolvency.

Now that you understand the difference between a «real student loan (i.e., a qualified education loan)» and «a loan made to a student (i.e., a non-qualified education loan)» you may be wondering why debtors have such a hard time in court.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

There really is no other method of debt relief that will not only save the debtor this kind of money but also assist them in becoming debt free within such a short period of time.

Typically this practice is employed over time and a portion of the debtor or cardholder's paycheck is withheld to repay their loan.

During this time, the creditor will try to contact the debtor by phone, email or letter to get their payment and any late fees.

It is a formal restructuring of assets and debts, which allows the debtor to keep paying the debt over time without having to close his or her business.

Generally, a creditor will try to work with a debtor to recoup what is owed prior to resorting to wage garnishment, which requires further time, cost and effort on their part.

I spend a lot of time counseling debtors away from short sales.

In addition to losing money, this pro se debtor will lose lots of time at work because the hearing was reset since she did not fill out the petition correctly.

Under bankruptcy law, debtors who owe more money than they can afford can either eliminate some (or all) of their debts or work out a payment plan to pay a portion (or all) of their debts over time.

Debtors who file bankruptcy with the help of an attorney also generally have their debts discharged; those who choose to file pro se have a much more difficult time, and little mistakes can be costly.

A chapter 13 case is when a debtor declares bankruptcy in order to create a repayment plan to settle all their existing debts within a specific time frame.

Most of the time, a chapter 7 bankruptcy case will force the debtor to forfeit their home, car, and even clothes, among other possessions.

Some debtors choose to let debts fall from their credit reports after seven years since the time they stopped making payments on their account.

It doesn't happen all the time, but attorneys do contact debtors.