Sentences with phrase «into financial trouble because»

Not exact matches

Policymakers are fixated on the debt ratio in part because it was at above 160 per cent that households in the United States and Britain ran into trouble about five years ago, contributing to defaults and the financial crisis that triggered the 2008 - 09 recession.

«The modern financial system seems almost designed for systemic trouble because it continues to rely on VaR (value at risk), carrying the antiquated intellectual baggage of efficient markets and normal distributions into the world of risk management» Frank Martin

Because many Americans do not have an emergency fund on hand for a financial crisis, people often get into trouble when confronted with a medical emergency, an unforeseen expense, or another personal catastrophe.

Wage garnishment can be embarrassing because it reveals your financial troubles to your employer; it can also impact credit scores by taking money out, creating a snowball effect, and leading you further and further into debt.

When a home is foreclosed it's usually because the owner fell into hard times; this not only translates into financial trouble, but often a lack of incentive in maintaining the house.

It is important to follow the laws, not only because you could get into legal trouble, but also because of the financial strain not being covered by insurance can cause you and your family.

Centro, which ran into major financial trouble last year because of the huge amount of debt it took on to fund its $ 6.2 billion acquisition of New York - based REIT New Plan, owes its Australian lending group approximately $ 2.1 billion and its U.S. - based creditors $ 450 million.