Sentences with phrase «most debtors faced»

And, we have the example of Argentina doing it in the present with pension assets, and also when their currency blew up — most debtors faced a forced conversion to less valuable bonds.

Not exact matches

Shapiro sued Navient in federal court alleging a raft of illegal conduct, most notably that it «willfully» and «knowingly» cheated struggling debtors who face long - term hardship by steering them into payment plans that postponed bills, allowing interest to accumulate, rather than helping them enroll in plans pegged to income.

Most banks and credit card companies are not willing to wait two or three years while the consumer accumulates sufficient money for a settlement, and the debtor then discovers that they are facing legal actions and wage garnishments from their creditors.