Sentences with phrase «debts owed to banks»

It would certainly help: Even before bid - rigging case broke, SUNY Poly faced $ 475 million in debts owed to banks and bondholders for projects over the last decade.

Bankruptcy / Bankrupt — A legal status that involves a person who can not repay the debt they owe to banks, or mortgage companies.

Through this mechanism, the portion of the debt owed to the Banks amounting to about GHC 800 million was restructured by leveraging some proceeds that had accrued from the levy.

Mr. Speaker, almost two - years into the implementation of the Energy Sector Levies Act, 2015 (Act 899), Government is successfully executingmechanisms to streamline the operations of SOEs and make them financially viable.The ESLA has contributed to paying VRA and TORs debt owed to banks and trade creditors to the tune of GH cents 1.9 billion.

Want to transfer the debt you owe to the bank from your old house to your new house?

1) Porting a mortgage is the basic idea of transferring the debt you owe to the bank from one asset (your old house) to another (your new house).

Not exact matches

But stock market investors who are enjoying the post-election rally — dubbed the «Trump Bump — owe a major debt to the controversial bank that became a political lightning rod in the presidential campaigns.

GENEVA — Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs in debts allegedly owed by him and others to a European bank.

At least some households would use the funds to pay down debt, meaning the money would flow to the banking sector anyway, but with one critical difference: household debt would actually decline, leaving household balance sheets in better shape and owing less interest every month.

GENEVA (AP)-- Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs ($ 46 million) in debts allegedly owed by him and others to a European bank.

It owes nearly $ 12 million, nearly $ 11 million of which is to Regions Bank, which sued the company in February, saying Dippin» Dots had defaulted on its debt.

This means that countries that owe foreign debt, that's almost all denominated in dollars, especially to the International Monetary Fund or the World Bank, they're going to have to pay much more money in higher - priced dollars for their own currency.

In January, the CFPB dropped another lawsuit against four online payday lenders that allegedly stole millions of dollars from consumers» bank accounts to pay debts they didn't owe.

About 90 % of Latvian mortgage debts are in euros, and most are owed to Swedish banks or their local branches.

HNA has more than $ 100 billion in debt, much of it owed to state - run banks.

But as most debts are denominated in euros — and owed mainly to foreign banks or their local branches — devaluation would cause a sharp jump in debt service, causing even more defaults and negative equity in real estate.

But as most debts are denominated in euros — and owed mainly to foreign banks or their local branches — devaluation would cause a sharp jump in...

This involves converting Icelandic currency, euros, sterling and other non-Japanese currencies back into yen to settle the debts owed to Japanese banks.

Because the homeowners only owes the original amount to the bank, the «extra» amount is paid as cash at closing, or, in the case of a debt consolidation refinance, directed to creditors such as credit card companies and student loan administrators.

In the meantime Mr Varoufakis has stated that Greece will prioritise debt repayments to the Global Monetary Fund, some of which arrive owing in March, but that repayments to the European Central Bank are «in a different league» and will need dialogue with Greece's lenders.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

On Monday, Puerto Rico is expected to skip payment on $ 389 million in debt owed by the island's Government Development Bank to bondholders.

The debt, nearly $ 3 million at one point, is the remainder of a bank loan and is not from unpaid bills owed to vendors, a Democratic spokesman said.

Mr. Speaker, Government streamlined ESLA flows to accommodate all the existing legacy debts (about GH cents 10 billion) owed by the energy sector firms to banks and suppliers, and took steps to issue an ESLA - backed bond to pay off these debts.

Government is returning to the financial market to raise GH cents 2billion to clear debts owed by collapsed UT and Capital banks, the Minority in Parliament has alleged.

Take for instance Nigeria's debt of about $ 12bn which was part of the debt owed to the World Bank and the lMF of which a debt write - off was secured under the watch of President Olusegun Obasanjo with Ngozi Okonjo - Iweala, as finance minister.

A rising black hole of state - owned enterprise (SOE) debt, which together with the debts owed by government to the bulk oil distribution companies (BDCs) and the lack of adequate supervision of microfinance companies can potentially collapse the banking system.

According to him, the delay in repayment of the loan debts owed the banks by marketers had led to a retrenchment in the banking and the oil and gas sectors.

Some oil marketers had on Monday, appealed to the federal government to pay their outstanding debts of two billion dollars (N720 billion) owed on the importation of petrol products and the accrued interests on bank loans.

The Ministry of Finance has given a strong assurance that Ghana's banking sector will remain strong and effective despite claims of imminent collapse due to the huge debt owed them by Finatrade, a commodities company.

The SERG in a statement signed by its National Coordinator, Chief Willy Ezugwu, also issued a 14 - day ultimatum to the bank within which all debts it owed the Innoson Motors boss, Dr. Innocent Chukwuma and all his companies must be paid.

A third bank, FCMB, had written to the Federal Ministry of Works asking that all money to be paid Gitto by the ministry be paid to the bank, over a N5billion debt owed it.

You will still owe the money, and the bank will either sell the account to a collection agency or hire a debt collector who will receive a percentage of the collected amount.

The majority of these debts originate from depository institutions (e.g. banks)- $ 823.7 billion is owed due to credit extended by these companies.

However, Independence Attorney Ken McClain says that the Trust does not have proper documentation, which would prove that the former students owed the debt to the banks.

For example, the addition of $ 20,000 of business debt to the $ 20,000 Hebert already owed on his personal credit cards led Bank of America to close one of his personal credit cards and cut the limit of another, from $ 35,000 to $ 9,900, just $ 200 above his balance.

But cash - out refinancing also has one major downfall: By binding your unsecured debts to your home, you've compromised your home's equity and have a higher risk of going «underwater» — having a house that is worth less than you owe the bank.

One other word of caution if you already tapped your equity to pay off unsecured debt and face foreclosure in the future is that many lenders are reporting any forgiven debt (the difference between what you owe and what the bank collects) to the IRS as taxable income to you.

They owed credit card debt to numerous banks, had significant student loan debt, monthly daycare costs -LSB-...]

When a credit card account has been delinquent for more than 180 days, banks will charge off what is owed as «bad debt» and sell the account to a debt collector who will call, harass and even sue if the past due balances are high enough.

Just to give you one example of a debt settlement success story from my debt relief law firm, our client owed Bank of America $ 11,134.27.

When the bank receives notice of your consumer proposal, or bankruptcy, they have the right to offset the money that was in your bank account as of the day you filed against any debt you owe them.

Further, if a depositor has an account, in that depositor's name solely, and that depositor owes the Bank money, you agree that any money held in a joint account with that depositor and you may also be used to pay the debt.

All banks, credit unions, and most lenders report the consumer debt you owe along with your payment history to one or both of these credit reporting agencies.

It held liabilities in the form of deposits of $ 188.3 billion, and owed $ 82.9 billion to the Federal Home Loan Bank, and had subordinated debt of $ 7.8 billion.

At this point, the banks can receive tax exemptions on your debt even though you owe every dime and will most likely be sued to recover that debt.

This includes all unsecured debts like your car loan, bank loan, all credit cards, outstanding utility bills and yes, money you owe to friends and family.

The one thing I see as a mortgage broker dealing with renewals or refinancing a mortgage for clients that have went into a consumer proposal is the debts owed to the same bank that holds your mortgage payment may cause issues at the time of renewal.

If you owe money to your bank, for example for a credit card, loan or overdraft, in some circumstances your bank is allowed to take money from your account to make repayments on these debts.

Some credit cards can have interest rates of up to 20 %, which can mean that if you don't pay off the debt each month within the interest free period, you are going to be owing the bank a lot more than you started with.