Sentences with phrase «joint debts as»

Pay off any joint debts as soon as possible and cancel all jointly held credit cards and to set up individual credit accounts.

This will help you figure out any joint debts as well as the amounts owed on those debts.

Try to pay down as much of your joint debt as possible before your lawyer starts drafting the divorce agreements.

However, you can enforce the terms of your divorce decree by asking the court to hold your ex-spouse in contempt if he refuses to pay a joint debt as ordered by the court.

Not exact matches

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savJoint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savjoint select committee does not achieve such savings.

«As part of the new Regulations, an official joint announcement will be released during the upcoming PBOC press conference making it clear that neither the People's Bank of China nor the Hong Kong Monetary Authority recognises Bitcoin or any other virtual currency as legal tender, thus, making its use as an official currency to settle debts and financial obligations illegaAs part of the new Regulations, an official joint announcement will be released during the upcoming PBOC press conference making it clear that neither the People's Bank of China nor the Hong Kong Monetary Authority recognises Bitcoin or any other virtual currency as legal tender, thus, making its use as an official currency to settle debts and financial obligations illegaas legal tender, thus, making its use as an official currency to settle debts and financial obligations illegaas an official currency to settle debts and financial obligations illegal.

As Chief Financial Officer from 1990 to 1999, he was involved in the negotiations of the Sadiola and Yatela mine joint ventures with Anglo American and the US$ 400 million in project debt financings for development of the mines.

The best thing about being divorced is that I am finally able to SAVE money every month and begin paying down consumer debt as a single dad with partial / joint custody (that last part is key).

When you get married, you will, in all likelihood, run joint finances together with your Russian or Ukrainian wife, you will share the same debts as a couple.

Sure, you can take measures to protect yourself, such as choosing not to take on joint debt and keeping your money in separate bank accounts, but what do you do if he files for bankruptcy again?

As if settling your own debts wasn't difficult enough, adding joint debts usually makes the equation more difficult.

Joint accounts are those where both spouses are listed as account holders and where each spouse has a duty to pay for debts incurred on the credit card regardless of which person made the purchase.

If two people, such as a husband and wife, have common debts, they may file a joint consumer proposal, provided their debts (excluding mortgage) do not exceed $ 500,000.

These types of debts are commonly referred to as joint debts because you both are liable for repaying the entire loan.

If you sign as a joint account holder after marriage, the debt will become a joint debt (more on that later).

If you are married and both you and your spouse have student loans, the IBR formula considers you and your spouse's joint federal student loan debt as well as your joint income if you file taxes jointly.

I'm a believer that this should come out of the couple's joint monthly pot, especially if you're working at the debt as a team.

For instance, you can inherit your spouse's pre-wedding debt regardless of state type if you sign onto his / her existing account as a joint holder.

On the other hand, a joint credit card account or mortgage you've both signed for is a joint debt, meaning both you and your spouse are on the hook and the bankruptcy of just one of you will leave the other holding the bag — or the debt, as it were.

An exception is if the debt was incurred for joint household expenses, such as food, clothing, shelter, education or child care.

No one else has to pay for the debts unless they are already liable under the terms of the original agreement, for example the debt is in joint names or someone has signed as a guarantor.

This means that if you live with someone who has debts, but you have no financial connections with them such as joint bank accounts or joint loans, your credit reference file should not be affected.

As with debt, the impact bankruptcy has on an asset will depend on if it is an individual or a joint asset.

This is not uncommon as a method of dealing with joint debts owed by a couple who can no longer repay these debts due to their divorce and a change in their financial circumstances.

If your ex is unwilling or unable to make payments on a joint debt, then those late payments and other credit issues — such as default, charge - off, or collection — might severely damage your credit scores.

If you want to apply as a couple for a joint debt payment plan, you must both agree to the debt payment programme proposal.

Answer: His debts shouldn't affect your credit reports and scores unless you cosigned loans or other credit accounts or added him as a joint user to your credit cards.

In the province of Ontario, joint debt is not a 50/50 split as most people would imagine.

In layman's terms, just because the court orders one of the parties to pay a debt obligation, it doesn't release the other spouse from liability on the account if it was originally opened as a co-signed account or joint account.

As for joint or individual debt, be sure to list mortgages, car loans and leases, lines of credit, credit card balances, personal loans, and so on.

le a joint federal tax return, and if your spouse also has eligible federal student loans, your spouse's eligible loan debt is taken into account when determining whether you are eligible for Pay As You Earn.

Although only Direct Loans may be repaid under Pay As You Earn, your (and, if you are married and file a joint federal tax return, your spouse's) eligible FFEL Program loans will also be taken into account when determining whether you qualify for Pay As You Earn based on the amount of your federal student loan debt relative to your income.

An authorized user just gives a person the authorization to use the card, but as a joint account holder, you will also hold the responsibility of that card — meaning; you would be equally and fully responsible for the debt.

You could be responsible for debt your spouse takes if you put your name on a loan's promissory note or if you are added as a joint account holder of a credit card.

ELIMINATING SHARED DEBT Preventing joint credit debt is going to be easier than improving credit as a result of credit that is shared with your spoDEBT Preventing joint credit debt is going to be easier than improving credit as a result of credit that is shared with your spodebt is going to be easier than improving credit as a result of credit that is shared with your spouse.

The above scenario is only the beginning of more bad credit problems as a result of joint debt While in college, Annette had accumulated tens of thousands of dollars in student loans.

Sometimes called joint debts, common examples would include joint credit cards, or a loan that you both signed as co-borrowers.

If you have excellent credit and your spouse does not, it may make sense for you to apply for a balance transfer card with a lengthy introductory no - interest period and shift the debt onto that new card as you both devise a repayment plan from joint accounts.

[14][15] But in October 2011 ArcelorMittal pulled out from the US$ 5 billion joint bid at the last minute, a decision made as a result of being in debt and no longer has the capacity to allocate capital for a «minority business interest», according to a statement released by the company.

(as Arranger and Joint Lead Manager) on various wholesale and retail debt capital markets transactions

In the traditional divorce process, countless depositions and hearings are held as each party conducts a fishing expedition into the other party's finances; in the collaborative process, the clients retain a joint neutral financial professional to ensure transparency, develop options for family support and division of property and debt, and help the clients transition into single life on a firmer financial footing.

When a divorce is filed and granted in New York State as an «Uncontested Divorce» it means that the parties to the divorce (the husband and wife, or both spouses in a same - sex marriage), have signed their applicable divorce papers that were filed in court, to indicate that they both agree to all of the terms of their divorce, including: the equitable division of their joint marital property (assets and debts) and the payment or waiver of spousal support.

US domestic and international mergers and acquisitions, divestitures, reorganizations, spin - offs, joint ventures, and strategic alliances, as well as equity and debt securities offerings, are among the areas in which we offer tax counseling.

In working with a joint neutral financial professional, you and your spouse can work to inventory separate and community property, gather information as to property and debts, generate options to divide the property and evaluate the merits of each option.

This creates a problem with joint debt, as if the party that is supposed to pay the debt under the separation agreement defaults, then the other party will have their credit affected and will be subject to collection activity.

The first step is to develop a complete list of all the joint and individual assets as well as debts held by the parties.

Leadell Pilv has successfully represented AbeStock AS, Viimsi Kaubanduskeskus OU, and ABC Vara AS before the Estonian Supreme Court in a dispute over their alleged joint and several liability for a EUR 4.6 million debt (plus interest).

Our experience includes advising on joint venture agreements (both incorporated and unincorporated); Front End Engineering Design and engineering, procurement, and construction contracts; technology licensing agreements; tolling agreements; feedstock / fuel supply contracts; offtake contracts (including crude oil, gas, product, and LNG sales contracts); transportation agreements; and operating and maintenance agreements, as well as the full complement of debt and equity financing documentation.

Much of her work involves cross-border transactions and a variety of financing structures (both equity and debt) and includes private equity, venture capital, investment, joint venture and collaboration agreements as well as IPOs, M&A and takeovers (public and private).

As discussed in greater detail in the answer to the question, «What happens to joint debts in one spouse's bankruptcy?»