Sentences with phrase «general unsecured debt»

A small claims or money judgment is no different from any other general unsecured debt and it is typically dischargeable.

The result for bankruptcy filers who have student loans is that student loans have to go through a special analysis to determine if they can be placed in a seperate class and paid outside the normal general unsecured debt category.

Student loans are considered to be in the lowest category of general unsecured debt, which includes credit card and medical debt.

General unsecured debt (credit cards, medical bills, personal loans, utilities, payday loans and personal signature loans) may not be paid in full.

Not exact matches

Meanwhile, in Detroit, the city initially classified its general obligation bonds as unsecured debt before settling with creditors for less than 100 cents on the dollar.

Fitch rates the senior unsecured debt of GM and its General Motors Acceptance Corp. finance arm «A-minus,» its fourth lowest investment grade, and their short - term debt «F2,» its second lowest.

As a general rule, unsecured debt is wiped out by filing bankruptcy, whereas previous obligations to pay secured debts will remain if you retain the property that serves as collateral for the loan.

Unsecured debt obligation, issued against the general credit of a corporation, rather than against a specific asset.

In general, it's unwise to transfer unsecured debt to a secured loan, especially if the collateral is your house.

As a general rule, any type of unsecured debt can be successfully negotiated.

Unsecured Loan Types General Loan Advice Business Financing Info Personal Loan Information Unsecured Line of Credit Debt Consolidation Secured Student Business Signature

In general, Chapter 7 legally eliminates almost all debts including wage garnishments, repossessions, unsecured credit card debt and medical bills.

A «presumption of abuse» will arise if: (1) the debtor has at least $ 182.50 in current monthly income available after the allowed deductions (this equals $ 10,950 over five years) regardless of the amount of debt, or (2) the debtor has at least $ 109.59 of such income ($ 6,575 over five years) and this sum would be enough to pay general unsecured creditors more than 25 % over five years.

Unsecured debts such as credit cards aren't attached to any particular property but you still have a general obligation to pay them.

The restructuring take place as it is revealed that both Simon Property Group and Brookfield Properties have each purchased about $ 1 billion in General Growth unsecured debt.

Victoria Ward, a wholly owned subsidiary that General Growth recently acquired, obtained this new unsecured debt.