This is especially helpful if you are having a hard time managing a large
number of debt obligations.
Not exact matches
If you are the executor
of an estate, you'll have a
number of obligations, which include making any distributions to beneficiaries and ensuring that
debts and taxes on the estate are paid on time.
Interest coverage is the equivalent
of a person taking the combined interest expense from his or her mortgage, credit card
debt, automobile loans, student loans, and other
obligations, then calculating the
number of times it can be paid with their annual pre-tax income.
* While consolidation may decrease your overall monthly payment
obligations, refinancing pre-existing
debt with a home equity loan / line will require you to give us a security interest in your home and may increase the total
number of monthly
debt payments, as well as the aggregate amount paid over the term
of the loan.
«Mortgage holders will need to pay more to meet their
debt obligations,» and if this results in an uptick in foreclosures or a decrease in the
number of Canadians who can afford to buy a house, expect that to have a big impact on the banking sector's bottom line.
On the other hand, from the point
of view
of a distressed bond buyer seeking to reorganize the company, the market price
of the
debt obligation (particularly as a percentage
of claim) becomes the key
number.
On that note, having a lot
of debt obligations result in financial stress because you need to keep track
of a
number of details.
An increasing
number of credit cardholders who have racked up a sizeable credit
debt and are struggling to meet their financial
obligations are obtaining relief through credit settlement.
The
obligation of J.P. Morgan and Wells Fargo to provide this
debt financing is subject to a
number of customary conditions, including, without limitation, execution and delivery
of certain definitive documentation.
This decision has been the subject
of considerable discussion among arbitration practitioners: as was discussed several months ago on Slaw, the case raises a
number of difficult questions about how international arbitration and Canada's treaty
obligations in that respect interact with local procedural law — specifically limitation
of actions — when seeking to enforce the award, and more generally whether foreign judgments and arbitral awards should continue to be treated, for limitations purposes, as mere contract
debts.
These policies also provide protection for the growing
number of older Americans who are entering retirement in
debt, and worrying about leaving a spouse saddled with the
obligations.
Adding up your current
debts, monthly living expenses and income, multiplying them by the
number of years your family would need support and adding any extra financial
obligations like college tuition.