Sentences with phrase «of certain unsecured debt»

The goal you have set is to negotiate mutually agreeable resolutions between you and your creditor (s) for payment of certain unsecured debt (s) described as Enrolled Debts.

Bail - in simply refers to a partial conversion of certain unsecured debt into equity under specific conditions.

When you enroll into a debt settlement program, the goal you have set is to negotiate mutually agreeable settlements between you and your creditor (s) for payment of certain unsecured debt (s) described as Enrolled Debts.

Not exact matches

Debt Management Plan: A credit counselor negotiates interest rates with creditors to make an individually tailored plan to reduce the borrower's unsecured debts over a certain period of time.

A: The chapter of the bankruptcy code that provides for what is known as «liquidation» or «clean slate», Chapter 7, lets you discharge (wipe - out) most unsecured debts, such as credit card balances, medical bills, and even certain taxes.

The type of services covered under the new rules are companies that promise to 1) work with a creditor to settle the debt for a lesser amount than is owed, (debt settlement companies) 2) work with all of a consumer's unsecured creditors to promulgate a debt management plan to vary the terms of all such debts, under a debt management plan (debt management companies) and 3) negotiate with a creditor to lower the interest rate of the outstanding debt and / or waiver of certain debt fees, such as late fees or over the limit fees (debt negotiation companies).

Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts, discharge certain unsecured debts that can not be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business.

Also, certain kinds of unsecured debts may not be erased, including alimony or child support and court fines and penalties.

To pass the means test, you must have less than a certain amount of disposable monthly income to service unsecured debt.

Neither do certain types of unsecured debt such as student loans.

However, certain kinds of loans, both secured and unsecured, are considered «good debt» if they help you generate income and increases your net worth.

Applying the common - law «interest stops rule» normally applied in Bankruptcy and Insolvency Act proceedings, Justice Newbould ruled that post-filing interest was not payable on the Crossover Bonds.5 Justice Newbould began his reasons with reference to the «fundamental tenet of insolvency law that all debts shall be pari passu and all unsecured creditors [shall] receive equal treatment».6 Justice Newbould found that the status quo with respect to unsecured creditors should be maintained as at the date of Nortel's filing and that to permit certain claims to grow disproportionately to others during the CCAA stay period would violate the status quo.