They will still be there but as soon as they can't meet their debt obligations or go bankrupt, a major oil producer such as Shell or Exxon will simply swoop in and buy them out.
If you are in financial distress, and can
not meet your debt obligations temporarily; but has a regular income, to possibly pay your loans under a more lenient payment plan; then, Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code is ideal for you to pursue.
Not exact matches
Because telecoms generate predictable monthly income, most don't have problems
meeting their
debt obligations.
In addition to factors previously disclosed in Tesla's and SolarCity's reports filed with the U.S. Securities and Exchange Commission (the «SEC») and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward - looking statements and historical performance: the ability to obtain regulatory approvals and
meet other closing conditions to the transaction, including requisite approval by Tesla and SolarCity stockholders, on a timely basis or at all; delay in closing the transaction; the ultimate outcome and results of integrating the operations of Tesla and SolarCity and the ultimate ability to realize synergies and other benefits; business disruption following the transaction; the availability and access, in general, of funds to
meet debt obligations and to fund ongoing operations and necessary capital expenditures; and the ability to comply with all covenants in the indentures and credit facilities of Tesla and SolarCity, any violation of which, if
not cured in a timely manner, could trigger a default of other
obligations under cross-default provisions.
Debt consolidation is the clear winner for people who aren't struggling to meet their debt obligations but simply want to save money on inter
Debt consolidation is the clear winner for people who aren't struggling to
meet their
debt obligations but simply want to save money on inter
debt obligations but simply want to save money on interest.
Detroit has more than $ 18 billion in
debt and unfunded liabilities and doesn't have the revenues to
meet those
obligations and provide an adequate level of services to its people, who pay the highest taxes per capita in Michigan.
It's
not only that Beijing is telling them to do so, HNA seems to be severely strapped for cash to
meet it's huge
debt obligations, mostly to local Chinese banks, but also bond holders.
You don't want to find yourself living month to month with barely enough income to
meet all your
obligations: mortgage payments, utilities, groceries,
debt payments — you name it.
If someone loses their job altogether or is forced to accept one at a much lower income, they may
not be able to
meet their
debt - servicing
obligations.
By cosigning for the loan, you agreed to be totally responsible for the
debt and will suffer the effects credit-wise when the
obligation is
not met.
Moreover,
not all
debts are dischargeable so you will end up with some outstanding
obligations you will need to
meet on a monthly basis, thus limiting your income.
A person is insolvent if either they are unable to
meet financial
obligations as they become due (they can't make their monthly payments) or their
debts are greater than what they own.
Some of us may
not be able to
meet the requirements to file chapter 7 bankruptcy and in these instances Chapter 13 can be an extremely effective tool for recovering from financial difficulty and regaining control over
debts and
obligations.
The purpose of bankruptcy law is to provide a framework in which both individuals and businesses can resolve
debt obligations they can
not otherwise
meet.
The truth is that having any
debt means you are financially beholden to a creditor and you can't put your money in your own pocket until your
obligation is
met.
Your trustee is the person who will decide whether or
not you have
met your
obligations and whether you will be discharged from your
debts when the trust deed ends.
If you're unsure whether or
not you qualify to file a Consumer Proposal, a Licensed Insolvency Trustee will
meet with you in person, at no charge or
obligation to discuss your
debt options.
The decision to return to school, and to finance that education with student loans, could well mean that if these people are
not able to find a job that will both support their lifestyle and
meet their
debt obligations, they could lose their primary residence.
The bonds tracked by the S&P Municipal Bond Puerto Rico Index -LRB--8.22 % QTD) have been in the focus of the mainstream media this week following public statements from their governor that the island territory can
not meet their USD 72 billion in outstanding
debt obligations.
- Have you considered what you will offer as collateral (the asset or assets that will be transferred to your lender if you can
not meet your loan
obligations) should your lender want loan security - Have you lined up a cosigner (someone who agrees to be liable for the
debt if the borrower can
not repay) should your lender request one?
In the event you do
not fully
meet a settlement
obligation, we may, without further notice, take action, including but
not limited to: liquidating or canceling the transaction; transferring securities or money from any other of your Accounts; liquidating securities from any such Accounts and applying the proceeds from such sales to your
debt or liability to us; and purchasing or borrowing securities to make delivery.
Although profitability is
not absolutely essential to maintain liquidity in the short term, profitability of operations is crucial to enable an organization to
meet its
debt servicing
obligations in the long run.
Sovereign
debt securities are subject to various risks in addition to those relating to
debt securities and foreign securities generally, including, but
not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign
debt, or otherwise
meet its
obligations when due.
Credit card companies want assurance that you do
not possess too much
debt, which might prevent you from
meeting monthly payment
obligations.
A
debt settlement solution has some important similarities to bankruptcy: you aren't
meeting your full
obligations to creditors, and your credit rating will suffer.
Lewis: I'm very concerned about it, [
Not raising] that
debt ceiling, for the rating agencies to somehow lower the sanctity and the ability for the U.S. to
meet its
obligations both here and abroad, clearly those have significant consequences to the industry in a broad way.
The attorneys at Gelinas & Lefebvre can help you through the bankruptcy process and help eliminate
not only your
debt but the fear and anxiety associated with
not being able to
meet your financial
obligations.
If interest and cap rates rise before rents, many borrowers may
not be able to
meet their
debt obligations.
Other more general MAPs Rule requirements that also are important for reverse mortgage advertising include
not making a material misrepresentation regarding: (i) the potential for default under the mortgage, including misrepresentations concerning the circumstances under which the consumer could default for nonpayment of taxes, insurance, or maintenance, or for failure to
meet other
obligations; (ii) the effectiveness of the mortgage in helping the consumer resolve difficulties in paying
debts, including misrepresentations that any mortgage can reduce, eliminate, or restructure
debt or result in a waiver or forgiveness, in whole or in part, of a consumer's existing
obligations with any person, or (iii) that the mortgage is or relates to a government benefit, or is endorsed, sponsored by, or affiliated with any government or other program, including through the use of formats, symbols, or logos that resemble those of such entity, organization, or program.