Sentences with phrase «default on a secured debt»

If a debtor defaults on a secured debt, the lender may sue on the debt, to recover the collateral, or both.

Not exact matches

On April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as a going concern, while renegotiating its debt structure and other obligations, [41] which resulted in the corporation defaulting on over $ 4 billion in secured debtOn April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as a going concern, while renegotiating its debt structure and other obligations, [41] which resulted in the corporation defaulting on over $ 4 billion in secured debton over $ 4 billion in secured debts.

Interest coverage of 1.7 times cash flow is very low, and akin to what one gets on CCC - rated debt, except that the loans are typically secured by the assets of the company, which lessens the severity level of defaults.

But if you convert them into secured debt and try to file for bankruptcy, your creditors can seize your house once you default on your payments.

If you default on debt you owe to a fully secured creditor, the creditor can take possession of the property securing the loan and sell it to pay the difference.

Combining unsecured debt with secured debt means that if you default on the loan you could lose your home to foreclosure or your car to repossession.

When a borrower defaults on an unsecured debt, the lender's first goal will be to become secured.

Secured debts get their name from the fact that the loan is secured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your paSecured debts get their name from the fact that the loan is secured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your pasecured by collateral — the mortgage on your home, for example — that can be seized and sold by your creditors in the event that you default on your payments.

the disclosure of certain enumerated events affecting a municipal security; these events include the following, if material: (1) principal and interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11) rating changes; (12) failure to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access to municipal disclosures, market data and education

If a consumer defaults on a secured loan, the collateral used to back the loan can legally be taken as payment for the outstanding debt.

Home equity loans use the equity in your home to secure the debt, which means the lender can foreclose on your home if you default on the loan.

Secured debt is debt that is secured by tangible property that your lender can take possession of to settle the debt if you default on your paSecured debt is debt that is secured by tangible property that your lender can take possession of to settle the debt if you default on your pasecured by tangible property that your lender can take possession of to settle the debt if you default on your payments.

Traditional lenders, like banks, typically look for secure assets like real estate or equipment as collateral; although anything of value the lender can sell to satisfy your debt should you default might be accepted — depending on the lender.

Secured debt is a formal contract backed by assets that can be sold as collateral if the firm defaults on the loan.

With a secured debt, a piece of real property (such as an automobile or a home) is promised if the debtor can't finish making payments, or defaults, on the loan.