Sentences with phrase «liability for debts»

Also, the landlord failed to prove that the individuals assumed personal liability for the debts of the corporation as a convenantor.

If the proceeds from a life insurance policy were designated to an individual and this person had no liability for the debts then the money would not have to be used to pay debts that solely belonged to the deceased.

While Aboriginal rights are regarded as communal, the formal legal status even of Aboriginal bands is not clearly defined in Canadian law: bands may not be able to sue or be sued in their own names or limit financial liability for debts to communal assets.

A partner in a general partnership has unlimited liability for the debts of the partnership.

By contrast, an LLC is a separate legal entity, which holds sole liability for the debts of the company.

For any business, one of the primary benefits of utilizing an entity is to limit your potential liability for debts of the business.

Shareholders (i.e., owners) have limited liability for the debts of the corporation, but officers can be held responsible for their own actions.

A Limited Liability Partnership is a corporate entity which offers its partners a limited amount of personal liability for the debts of the partnership.

Bankruptcy law involves the procedure or legal method by which a debtor is relieved of financial liability for its debts by establishing a court - approved reorganization plan or plan for partial repayment.

A Special Warranty Deed protects you against liability for the debts of or any damages and problems caused by the previous owner.

It is also important to evaluate business credit card offers to understand personal liability for debts.

Because the corporation is a separate entity from its owners, shareholders have no legal liability for its debts.

Bankruptcy ends your liability for debts after a certain period of time, usually one year.

The corporation's owners (shareholders) have no personal liability for its debts.

After this time, your liability for the debts included in your bankruptcy is written off.

A discharge eliminates all personal liability for debts incurred prior to the bankruptcy case.

A discharge of the debts means your liability for those debts is gone and the creditor can not collect on those debts ever again.

Each decision was based on the family's situation and the legal liability for the debts.

Furthermore, unlike debts that are forgiven through private negotiation with a lender, there is no tax liability for debts that are discharged in bankruptcy.

Your bankruptcy filing date (July 2011) is the date the official paperwork was filed that opened your case in bankruptcy court, while the bankruptcy discharge date (September 2011) is the date you were released from personal liability for debts included in the bankruptcy.

Filing for bankruptcy will discharge your personal liability for debts, including debts that are owed to judgment creditors.

According to the IRS, if the value of your assets is greater than the value of your debt, you will be exempt from the tax liability for debt relief.

Just know that when someone else signs their name to your loan, they're assuming full liability for the debt.

Liability for the debt ceases when the plan is completed and the court enters a discharge order.

With even the best business credit cards, you may have personal liability for any debt.

This essentially frees the cosigner of any liability for your debt.

Your liability for the debt could vary greatly depending upon the type of account you choose... (See Shared accounts)

If both spouses co-signed for a debt, both spouses will probably be held to joint and several liability for the debt.

The Federal Trade Commission notes that joint creditors can still pursue you for debts you share with your former spouse — even if the divorce decree absolves you of your liability for the debt.

Also, the HAFA rules require that borrowers be fully released from future liability for the debt.

Sellers also should be made aware that if an offer comes in and the short pay would be substantial, the lender may not agree to waive the sellers» personal liability for the debt even though the property is resold.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Many new business owners understand that incorporating or forming a Limited Liability Company (LLC) helps shield a business owner against being held personally responsible for their company's liabilities and debts.

A major disadvantage of doing business as a general partnership is that all partners are personally liable for business debts and liabilities (for example, a judgment in a lawsuit).

Macron has said he hopes to pool liability for various kinds of debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather than borne by individual countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.

And therein lies the key drawback of these basic forms: You have unlimited liability for your business's debts.

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

A legal business entity can protect your personal assets against liability for business debts.

Current liabilities include notes payable on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade creditors, accrued expenses and taxes (an accrual is an expense such as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.

Ontario's auditor general issued a similar warning last week, cautioning that despite Ontario's work to eliminate its deficit, the province's rising net debt — the difference between its liabilities and its total assets — could have a number of negative implications for its finances in the future.

Limited Partner: a co-owner of a business organized as limited partnership who (unlike a general partner) does not participate in the management of the firm and has limited personal liability for the firm's debts.

Basically what this means is that under certain kinds conditions or balance sheet structures, an adverse shock, or slowing growth, causes an explosion in contingent liabilities, most often through the banking system, and it is this explosion in contingent liabilities that creates the debt problem for the country.

Liability protection for members: The members of an LLC have limited liability meaning that their assets can not be taken away to cater for busineLiability protection for members: The members of an LLC have limited liability meaning that their assets can not be taken away to cater for busineliability meaning that their assets can not be taken away to cater for business debts.

A company with negative working capital (more liabilities than assets) is generally seen as being in financial risk for increased debt (which may lead to bankruptcy).

Liabilities: A company's liabilities are any financial debt or obligations that a company is responsible for due to its business Liabilities: A company's liabilities are any financial debt or obligations that a company is responsible for due to its business liabilities are any financial debt or obligations that a company is responsible for due to its business operations.

Simply put, the price UTX will pay for this acquisition — which comes to ~ $ 33 billion when accounting for all forms of debt and unfunded pension liabilities — makes it almost impossible for the deal to create long - term value for shareholders.

Classifying pensions as senior debt won't stop bankruptcies if a company can't change with the market, but that's no reason for johnny - come - lately PE firms to ignore unfunded pension liabilities so they can take the cash & run.

But in fact, J.P. Morgan is already willing to take on all of Bear's assets and liabilities, including over $ 75 billion in debt to Bear's bondholders, for $ 2 a share.

When you cosign a private student loan, you agree to equal liability and responsibility for repayment of this student debt.

As the name suggests, an LLC limits your personal liability for the company's debts.