Sentences with phrase «for trade creditors»

As the focus of this present book is on decreasing trade risk by understanding the procedures available for trade creditors, this overview of the Canadian jurisdictions provides a timely and practical guide to enforcing creditor rights.

Not exact matches

Bitcoin has slumped more than 20 % this week amid increased regulatory scrutiny in the U.S. and Japan, an attempted theft at one of the biggest trading venues, and news that the bankruptcy trustee for Mt. Gox has started selling the now - defunct exchange's holdings to repay creditors.

Claiming assets of just $ 600,000 and liabilities thrice that (mostly to trade creditors), Dack's filed for bankruptcy in December.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

In early 1983, Chrysler reached a tentative agreement with its creditors to trade this preferred stock for Chrysler's regularly traded common stock.

In many cases, you can negotiate with your creditors to remove a trade line completely in exchange for settling an account for its full balance.

The 1980s African debt crisis was created by a variety of factors (much more complex than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African Debt Revisited).

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.

IF IT HAPPENS «Credit Repair Today, works for you» - Contact creditors, banks, credit bureaus - File a Police Report and keep a copy in your personal records - File a complaint with the Federal Trade Commission, which can be reached at www.consumer.gov/idthft or [phone] - Keep a record of all communication you make with these agencies, including each person you speak with and everything you send them.

With that in mind, let's then address your concerns over whether the original creditor will continue to report the original trade line after the «pay - for - delete,» and what that might mean for your score.

In many cases, you can negotiate with your creditors to remove a trade line completely in exchange for settling an account for its full balance.

For the removal of both items, the consumer typically must also reach out to the original creditor as well, requesting deletion of the trade line they've probably been reporting since the account was first opened.

A pay for deletion is a request made to the creditor or collection agency to pay a debt in full or an agreed upon percentage in exchange for a deletion of the account or trade - line.

Each entry will list the creditor's name and your account number or some short version of it.If you have more than one account with a creditor there will be a «trade line» for each of those accounts.

Rather, the fortunes are made by those able to obtain cheap stock prices for a company going public; certain opportunistic creditors; promoters who earn large managerial fees; investment banking fees; trading commissions, and carried interests.

The OFT or Office of Fair Trading is in charge of overseeing responsibility for UK Creditors.

You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease, trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease, trade or otherwise transfer any «Gold» or other virtual currencies, game resources, in - game services like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access, trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement of any kind, which in substance secures the payment of money or performance of any obligation or gives a creditor priority over unsecured creditors, over any of your rights with respect to the Game, your Game account or In - Game Items.

Throughout the Section 201 trade case, Solar Energy Industries Association (SEIA) and other parties repeatedly alleged that Suniva's creditors were merely using the case to get a better price for the bankrupt cell maker's equipment, and did not have a credible plan to restart manufacturing, as required under the Section 201 process.

At Lipson Neilson, we have represented a wide variety of business restructuring scenarios including debtors, pre - and post-bankruptcy lenders, trade creditors, landlords, public bondholders, trustees, official committees, liquidating trustees, assignees for the benefit of creditors, and asset purchasers.

A similar type of protection was considered for pensioners but was rejected in the report of the Standing Senate Committee on Banking, Trade and Commerce, Debtors and Creditors Sharing the Burden: A Review of the Bankruptcy and Insolvency Act and the Companies» Creditors Arrangement Act (November 2003, here)(«Report»).

The trade - off for clearing such debt in only a few months is that creditors may make a claim on liquidation of certain types of property.

With this document you can get the details organized, like the names of the creditor and debtor, the type of debt owed (personal loan, payment for goods or services, trade credit, or debt on rental property) and the amount.

Entered nondischargeability judgments against bankruptcy debtors after having previously represented the creditor in a Superior Court trial to judgment against the same debtors for theft of trade secrets.

Steve has been a driving force in establishing KMKSC as a nationally recognized champion of business creditors» rights, known for its tenacious and effective representation of clients anywhere in the United States, and in international trade disputes and forums.

Professional Experience ABC Debt Relief (City, ST) 12/2006 — 11/2011 Client Service Manager • Responsible for overseeing daily operations of a 35 Account Manager call center ensuring effective operations • Recruit and train new sales and customer service employees in industry best practices and company policies • Strictly enforce compliance with all applicable laws, industry regulations, and corporate protocols • Provide exceptional customer service and professional guidance in the area of debt management, credit, and bankruptcy • Maintain detailed monthly reports for management concerning budgets, monthly projections, and quarterly goals • Responsible for performance appraisals, deficiency warnings, and conflict resolution for employees • Review and manage all BBB and Attorney General complaints determining appropriate next steps • Monitor department productivity with inbound and outbound calls providing feedback to team leads and supervisors • Author and lead presentations at meetings for clients, employees, and senior management • Train team leads and supervisors in laws governing credit reporting and debt settlement such as (FDCPA) Fair Debt Collections Practices Act and the (FCRA) Fair Credit Reporting Act and (FTC) Federal Trade Commission regulations • Set and strictly enforce budget for the payroll of both salaried and hourly employees • Responsible for final approvals for payment refunds issued to the client • Assist with Debt Tracker and the Debt Manager and negotiate with creditors to reduce client

The Federal Trade Commission notes that joint creditors can still pursue you for debts you share with your former spouse — even if the divorce decree absolves you of your liability for the debt.

For example, a national trade association representing mortgage bankers suggested that the Loan Estimate include a trade - off chart similar to one that was on the RESPA GFE, which would compare the loan that is subject of the Loan Estimate and another loan available to the borrower from that creditor that has a different rate, points, and fees mix.

A trade association representing the settlement services industry and a community bank commenter explained that, if the final rule makes the creditor ultimately responsible for the Closing Disclosure, it should provide the creditor flexibility to determine how to prepare and provide the Closing Disclosure.

A trade association representing creditors and a member of Congress stated that the Bureau provided little rationale for selecting a $ 100 de minimis exemption, suggesting that it appeared arbitrary.

Various commenters representing settlement agents, a real estate agent, title insurance companies, attorneys, credit unions, community banks, and various trade associations representing creditors, settlement agents, and the title insurance industry were concerned that alternative 1 would increase coordination costs for industry because it would shift settlement activities to creditors, introduce unnecessary complexity to the settlement process, delay the underwriting of title insurance, delay closings, and increase costs and risk to consumers.

A national trade association representing community associations requested that the rule limit the information creditors request regarding assessment and other association - related information for purposes of filling out the Loan Estimate, due to concerns that requests for complete information on assessments and related charges could result in additional costs to buyers and sellers and additional liability for community associations.

For example, one trade association representing settlement agents and various law firm commenters raised the possibility that, without the role of an independent review or preparation of the Closing Disclosure by a settlement agent, creditors could misstate fees of third - party settlement service providers.

The trade associations representing banks and mortgage lenders expressed the view that relief from section 8 liability is needed so creditors do not accidentally exceed the points and fees thresholds for qualified mortgages and qualified residential mortgages.

A large non-depository lender and a State credit union trade association expressed a preference for the general definition of business day, because applying the specific definition of business day to the preparation of the integrated disclosure would increase compliance burden by reducing the time available to prepare the integrated disclosures and expose creditors to unnecessary liability.

Settlement agents, a trade association representing settlement agents, and mortgage brokers also expressed support for alternative 2 because it would preserve their role in the transaction and mitigate the potential for creditor conflicts - of - interest.

Based on these comments, in particular the comment by the State trade association suggesting that owner's title insurance be disclosed when required by the creditor, the Bureau considered removing any requirement to disclose a non-required owner's title insurance premium on the Loan Estimate for purchase transactions rather than merely revising the proposed notation associated with the owner's title insurance premium.

These trade association commenters also requested that the Bureau confirm that owner's title insurance and other charges for services that the creditor does not require are not subject to the tolerance rules, even if they are provided by an affiliate of the creditor.

Industry trade association commenters representing banks and mortgage lenders observed that, in some cases, the creditor may disclose an amount for a settlement service on the original Loan Estimate but later on, the service is no longer required, due to unexpected events.

In addition to ensuring creditor accountability, commenters representing settlement agents, escrow agents, and related trade associations explained that alternative 1 would relieve them of liability for the Closing Disclosure and would allow them to play a more traditional role related to conducting closings.

Industry trade associations representing banks and mortgage lenders asked the Bureau to clarify whether the creditor must list more than one provider for a settlement service if more than one provider is available.

National trade association commenters representing banks generally, consumer mortgage companies, and large mortgage finance companies further asserted that if the Bureau issues final regulations requiring mortgage servicers to provide a partial payment disclosure in connection with the Bureau's separate mortgage servicing rulemaking, then it would be unnecessary for the Bureau to also require creditors to provide the pre-consummation partial payment disclosure.

A trade association representing banks and financial companies believed that this flexibility in dividing responsibility was sensible in light of creditor liability for exceeding tolerances under RESPA and other liability under TILA.