This does occur, but it rarely happens, and it really does not involve the debtor so
much as the creditors.
Not exact matches
Before figuring out how to price your sale and design its terms, you need to learn
as much as you can about the country's payment norms,
creditor protection laws (if any), and your customer's credit history.
Low natural gas prices, combined with changes in the provincial tax regime, probably deserve
as much credit
as the worldwide economic downturn for the carnage that has subsequently ensued, with at least 40 B.C. resort and condo developments in
creditor protection or receivership, according to Jurock.
Junior
creditors led by Appaloosa Management remain the biggest hold - outs in the CEOC bankruptcy, and have said they have
as much as $ 12 billion in claims against Caesars Entertainment and its private equity backers, Apollo Global Management LLC and TPG Capital LP.
Once the settlement is approved, the remainder of the $ 135 million that Univision paid will be released from escrow, and will go to Gawker's
creditors and investors, including
as much as $ 10 million to Denton himself.
She said there often is a triggering event — such
as a lawsuit filed by a
creditor — that makes people realize how
much trouble they're in.
Just
as debt deflation diverts income to pay interest and other financial charges — often at the cost of paying so
much corporate cash flow that assets must be sold off to pay
creditors — so the phenomenon leads to stripping the natural environment.
If parliament gives its nod, Greek voters will be asked to rule on two complex draft documents that detail a proposal by the country's
creditors to unlock aid of
as much as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.
And now,
much as he ardently hammered at his opponents» jaws, Tyson's
creditors will pursue his assets.
Bernanke believes that the macroeconomic effect will be nil
as long
as creditors are willing to consume
as much income
as debtors (consumers and workers) would have done.
Just
as creditors want to see that you can make on - time payments, and that you can keep from utilizing too
much of your available credit, they also want to observe your ability to handle different types of credit accounts.
Debt utilization is a measure of how
much you money you owe to
creditors as compared to how
much credit is available to you.
The proceeds go toward paying the trustee, covering administrative fees and, if funds allow, repaying your
creditors as much as possible.
Keep in mind that collection agencies are hired by the
creditor and their only goal is to collect the money owed (or
as much of it
as they can)
as quickly
as possible.
While the debt may be gone in the eyes of the
creditor as far
as collection goes, the debt you have incurred with the
creditor is still very
much legally collectable provided the debt is still valid.
However, when your account is delinquent and in danger of not being collected, the
creditor might want to recoup
as much of your balance
as possible, even if it means accepting less than what's owed.
Debt utilization is a measure of how
much you money you owe to
creditors as compared to how
much credit is available to you.
Consumer proposals involve contacting your
creditors and saying, in effect, that
as much as I would like to pay back my debts, I can't afford to do so, so will you accept partial payment and call it quits?
If the balance is already reporting
as a zero balance because the
creditor sold the account, then the payoff probably won't help your credit score
as much.
Creditors must have received at least
as much as they would have received in a chapter 7 liquidation case, and the debtor must be unable to modify the plan.
Secured
creditors must be paid at least
as much as the value of the collateral pledged for the debt.
Personal Financial Assessment Form To design the most effective plan for becoming debt free, your counselor will need to know your monthly income and living expenses
as well
as how
much you owe to each of your
creditors.
Your would - be
creditors and employers are keen to know
as much about you
as possible before they lend you money or otherwise do business with you.
So, if you have assets you want to keep, you currently have an income, and you want to try to pay your
creditors as much as what is reasonable, you may want to consider filing a chapter 13 bankruptcy.
It can usually negotiate a
much lower payment
as part of a larger bulk package with the
creditor.
As a general matter, national
creditors are more difficult to deal with than local
creditors, and secured
creditors (mortgages, car loans) are
much more difficult to deal with than unsecured
creditors.
This way, your
creditors can see that you're being
as fair
as you can, which means you've got a
much better chance of them agreeing to the plan.
If you're using any of these assets
as collateral for a loan or other type of credit, list the name and address of the
creditor, how
much you borrowed, your repayment amounts and how often you make repayments.
When enough has accumulated, the debt settlement company will contact your
creditors and attempt to get them to accept a
much smaller amount, say 10 % to 50 % of the total you owe, and write the rest off
as a bad debt.
In the meantime, you're still using the Chapter 13, and the
creditors you've included expect to be paid
as much as possible out of your earnings.
How
much of this debt would be suitable to report to credit bureaus could depend on the purpose of the reporting proposal, such
as to collect more debts or simply to inform other potential
creditors of the existence of tax debts.
But the knowledge of exemptions is still important to chapter 13 debtors, since the Bankruptcy Code requires that chapter 13 plans, in order to be confirmed by the court, must provide
as much payment to the debtor's unsecured
creditors as these
creditors would receive in a theoretical chapter 7 liquidation.
If you settle the debt with a third - party debt collection company that buys the debt from your original
creditor — you can reduce the balance at that point by
as much as 30 % -80 % (on average).
Sure, your garden - variety lender does not have the power to garnish your wages or levy your bank account, but all
creditors from loan sharks to credit unions and cable companies are interested in one thing: collecting
as much as they can from debtors,
as soon
as they can.
While you are making deposits into your Dedicated Account each month, Freedom Debt Relief creates a strategy for negotiating with your
creditors to get them to reduce the amount you owe
as much as possible.
Unless you're experienced in this type of financial discussion, you may not be successful in getting your
creditors to reduce the amount you owe
as much as a debt settlement company that has established, long - term relationships with them could.
But until then, don't allow any
creditor to so
much as check your credit, let alone open a new account in your name.
This monthly payment amount is frequently
as low
as half
as much as your current combined monthly payments to the same
creditors.
It's pretty
much the same story
as Tyler's except that Tyler was called «Fred,» the original
creditor was called «Jim,» and the collection agency was called «Mike.»
Probably not
as much as what the
creditor has to spend to get it back which is why, in a nutshell, it just isn't likely.
During bankruptcy, you can surrender property and it can be sold to
as much of the debt
as possible to the
creditor that holds the secured claim against it.
As much as everyone would like to stop all creditor calls, it is simply not possibl
As much as everyone would like to stop all creditor calls, it is simply not possibl
as everyone would like to stop all
creditor calls, it is simply not possible.
The reasons individuals prefer to make a proposal to their
creditors follow
much of the same thought process
as those who file bankruptcy.
Everyone's financial situation is different, so the decision
as to how
much to offer your
creditors really can not be determined until after we have had an opportunity to review all of the financial information.
Your
creditors are willing to accept a reduction
as much as 50 - 60 % rather than risk losing everything if you file for bankruptcy.
The
creditors are willing to accept a reduction
as much as 50 - 60 % to collect a debtor's money than risk losing everything if the debtor files bankruptcy.
The trustee works hard in order to pay back the
creditors as much as possible by liquidating your assets, and the more assets the trustee recovers from you, the more the trustee is paid.
The idea is to allow
creditors to cover some of their risk, but not nearly
as much as they would have had you not filed a Chapter 13.
An individual voluntary arrangement (IVA) is a legal agreement between you and your
creditors to pay back
as much as you can, usually over five years.
To qualify for Chapter 13, you must pass a best interest test, which mandates that unsecured
creditors be paid at least
as much as they would receive if you'd filed a Chapter 7 instead, and the best efforts test, which requires that you pay all your disposable income to the trustee for at least the first 36 months of your plan.