Sentences with phrase «insufficient assets»

Many seniors with insufficient assets or life insurance already in place often choose to make sure these costs are covered by applying for a universal or whole life policy.
This was a motion for security for costs of the appeal, on the grounds that the wife's appeal of a spousal support and equalization payment order was frivolous and vexatious and that the wife had insufficient assets in Ontario to pay the costs of the appeal.
As the Senate Committee noted, «insolvency — at its essence — is characterized by insufficient assets to satisfy everyone, and choices must be made» (Report, page 99).
So those with insufficient assets leave their money in their bank accounts, buy GICs or perhaps put their money in expensive bank mutual funds.
Those that benefit most are tenants, who often have insufficient assets, as well as a poor credit history, working against them, making the chances of securing mortgage approval smaller.
The court found that as general proposition, trustees in bankruptcy should not be allowed to pursue litigation with immunity against personal liability for costs in the circumstances where there is no statutory duty to prosecute a litigation and the trustee knows or ought to know that there will likely be insufficient assets in the estate to satisfy an award of costs in the event the litigation fails.
The belief we have insufficient assets to finance retirement.
Security for costs In certain jurisdictions, a defendant is entitled to apply for security for his / her legal costs where he / she can show a corporate claimant has insufficient assets to satisfy a costs payment if the case is unsuccessful, or in the case of an individual claimant, that the individual is not resident in the jurisdiction of the legal proceedings.
If there are insufficient assets to satisfy all creditors then the estate is bankrupt and applicable bankruptcy laws kick in; generally secured creditors are paid and unsecured creditors divide up whatever is left in proportion to their debt.
The majority of younger renters are reported to have insufficient assets to cover a 5 percent down payment plus closing costs on a typical starter home, Shahdad notes.
a b c d e f g h i j k l m n o p q r s t u v w x y z