Not exact matches
When growth is most needed, when a
country is suffering from excessively high levels
of debt, it is hard to find many cases in which the aggressive implementation
of reforms led to growth rates fast enough for the
debtor to grow its way out
of debt.
In the most current round
of hostile words and phrases from Europe's largest
debtor country, Germany's Wolfgang Schaeuble warned Athens» brinkmanship above employing economic reforms could consequence in a «Grexident».
But a growing part
of the economy in every
country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet
of assets by
debtors and rent payers.
The structural adjustment imposed by the IMF and the World Bank on
debtor countries as a condition
of aiding them to renegotiate their debts has transformed the relative power
of governments and economic actors.
Despite the rhetoric
of democracy there is a lack
of transparency m discussions
of officials with the IMF / WB authorities and their decisions regarding conditionalities often imposed on the
debtor countries without clear exposure even to Parliament and its select committees, much less to the general public affected by them.
They can thereby impose economic, social and political policies on poor (often
debtor)
countries for the advantage
of capital.
Saudi money may keep the
country from becoming one
of the world's chronic
debtors, but in exchange the Saudis encourage Nigerian leaders to favor the causes
of the
country's Islamic population, and they take all available opportunities to build mosques.
From the onset
of the debt crisis in 1982, until 1990,
debtor countries paid creditors in the North $ 6500 million per month in interest alone.
For example, Russ Cope, a bankruptcy attorney in Ohio said, «In certain parts
of the
country judges, trustees, and
debtor's counsel have been working to protect
debtors from this.
In other parts
of the
country the fees can be as high as $ 1000 - $ 2000, and unfortunately, most bankruptcy lawyers are going to require
debtors to pay these fees prior to filing the Chapter 7 Bankruptcy petition.
Unlike in other
countries where a binding repayment plan can be created that creditors must honor and the
debtor can afford to meet, outside
of bankruptcy in the U.S. no such tool exists.
More specifically, for a private unsecured debt with a statute
of limitations (SoL)
of 6 years in New York State, will the SoL be tolled (paused) if the
debtor leaves the state, or the
country (or...
Successfully defended dozens
of debtor collectors from throughout the
country in claims involving alleged violations
of the FDCPA.
Successfully defended dozens
of debtor collectors throughout the
country in claims involving alleged violations
of the FDCPA.
More specifically, for a private unsecured debt with a statute
of limitations (SoL)
of 6 years in New York State, will the SoL be tolled (paused) if the
debtor leaves the state, or the
country (or both)?
Back in elementary school, one
of the first indelible lessons we were taught to instill civic pride in our
country was learning how, contrary to Charles Dickens» London, or even the pre-Civil War U.S., we don't have
debtors» prisons that imprison people for the «crime»
of being poor.
While U.S. Steel is correct to say that a person can not be imprisoned for a civil debt for, as Justice Binnie held in R. v. Wu, [2003] 3 S.C.R. 530 (S.C.C.) at paragraph 2, «[d] ebtors» prison for impoverished people is a Dickensian concept that in civilized
countries has largely been abolished», the Act does not provide for the possibility
of U.S. Steel or any
of its executives being sent to
debtors» prison for the failure to pay a penalty imposed upon it.
Foreign critical suppliers may be able to extract payment in full, for amounts owed to them by a
debtor company in a Companies» Creditors Arrangement Act filing, by virtue
of their location in a foreign
country and the critical nature
of the goods or services that they supply.
This summer, nearly $ 200 million
of his personal assets were frozen by a court in his home
country, and just last week Jia was placed on a nationwide «
debtor blacklist» in China after defaulting on a $ 72 million debt that he owes to a Chinese securities group.