Sentences with phrase «initiated by the creditor»

It can be initiated by the creditor or the borrower.

A bankruptcy proceeding can either be entered into voluntarily by a debtor or initiated by creditors.

Bankruptcy can be voluntary (initiated by the person in debt) or involuntary (initiated by creditors of the debtor).

Not exact matches

Ending what has been a tumultuous six - month long negotiation process, last week the Greek Parliament approved the first package of austerity measures required by Greece's creditors as part of the «Greekment» reached in the early morning hours of 13 July 2015 in order to initiate talks on a Third Fiscal Adjustment Programme (or «Memorandum») and avoid Greece's expulsion from the Eurozone.

By initiating contact with a creditor who has already forgiven an old debt, you may be required to activate an old account.

(7) «Debt settlement» means any action or negotiation initiated or taken by or on behalf of a consumer with a creditor of the consumer for the purpose of obtaining debt forgiveness of a portion of the credit extended by the creditor to the consumer or a reduction of payments, charges, or fees payable by the consumer.

The filing of a Chapter 7, 13 or 11 bankruptcy petition initiates an automatic «stay» which will immediately stop collections efforts by creditors, the enforcement of judgments, or foreclosure on real property.

Requests that may not have been initiated by you are generally for things like pre-approved offers; account monitoring is done by existing creditors, investment review, and requests by you for your own report.