Sentences with phrase «involved repaying some of the debts»

Not exact matches

The Telegraph has a good analysis of how everyone involved in the negotiations knew Greece could never repay the debt the IMF and the EU had extended to the country.

Cancellation Loan cancellation ends the obligation to repay the debt and typically involves the discharge or forgiveness of the loan balance (including any accrued but unpaid interest).

Therefore being a homeowner reduces the risk involved in the transaction for the lender because there is a property of significant value which can be sold to repay the debt in case of default even if they have to wait for a long legal process.

But the real pressure is not necessarily repaying college debt; it is the number of loans involved.

Despite the risk involved in cosigning, co-signer signs on the dotted lines for you and hence the best way to repay the co-signer is to honor your commitments and be relieved of the debt as soon as possible.

In the first purpose, by extending the loan through securing the debt, the creditor is relieved of most of the financial risks involved because it allows the creditor to take ownership of the property in the event that the debt is not properly repaid.

In rare cases, Chapter 7 bankruptcy also involves a sale of some property to repay other debts.

The benefits of a Chapter thirteen bankruptcy include protecting individuals from the efforts of debt collectors; permitting individuals to maintain ownership of their personal and real property; and allowing people to repay their debts with a schedule involving reduced payments.

Chapter 13 allows a consumer more time to repay their debts through restructuring, whereas a chapter 7 involves a liquidation of a debtor's assets and then a distribution of the recovered amount to the debtor's creditors, with the remainder of the debts being discharged forever.