Sentences with phrase «of most debtors»

Not exact matches

Strike Debt doesn't buy individual debtor's debts, but instead buys bundles of anonymous debt from banks through what it says are friends on the debt broker side (apparently, the banks won't deal with anyone who isn't established, and most brokers won't sell to non-collections agencies because of liability issues).

His extraordinary family, rather than being a loving haven within which he could grow to maturity, had somehow come to resemble a kind of debtor's prison from which he could escape only by the most strenuous effort.

In most cases, debt sits at the very top of the capital structure and in scenarios of liquidation or bankruptcy is first to be repaid with the assets of the debtor.

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.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

Nowadays, however, governments of our democratic societies are almost invariably large financial debtors, often the economy's most highly indebted sector.

The reason why most early financial contracts with traders and other entrepreneurs took the form of debt rather than equity was asymmetric information: The creditor could not easily discover exactly how profitable the debtor's business was.

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».

I think most of us assume the woman is the big debtor, and Simon the little.

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

As there are a plethora of debt relief options for the credit card debtors, most of them are unaware whether or not debt consolidation through a credit card debt consolidation company is the best option for repaying their debts.

Assuming you are an honest but unfortunate debtor, most of your debts will likely be dischargeable.

However, in most Chapter 13 cases, the debtor can pay a very small percentage of the unsecured debt.

If you are one of those consumer debtors learning how to consolidate debt is one of the most beneficial things you can ever do.

One of the most frightening changes for most student loan debtors is the news that beginning July 1, 2012, student loans will not be subsidized.

Due to the possibility of the debt and negative marks coming off your credit, and due to the possibility of not having to pay an unsecured debt collection account, debt validation is one of the most popular debt relief programs in 2018 for Rhode Island debtors to consider.

Although it took a number of years for the debtor to prevail, eventually with the help of a good bankruptcy attorney she was able to show that the discharge of debts in bankruptcy applies to even the most powerful of creditors.

Most Chapter 7 debtors surrender little or no property in bankruptcy and walk away with a discharge of all their unsecured debts.

Today, most of the student loan attention revolves around the negatives for young student and graduate debtors, but their cosigners, often their parents, also struggle as a result of the student loan crisis.

Most of the time, a chapter 7 bankruptcy case will force the debtor to forfeit their home, car, and even clothes, among other possessions.

Under New York law, a judgment creditor may then garnish 10 % of gross wages, put a lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.

Instead of representatives of a large credit card company or medical facility, legal experts say those who are most likely to challenge a bankruptcy discharge are individuals who may have lent money to the debtor or a local business creditor.

Granted by the court to release a debtor from most of his debts that were included in a bankruptcy.

Tax information, including a copy of the debtor's most recent federal tax return and a statement of any unpaid taxes.

The examination of the private student loan cases shows those who are most likely to have their student loans fully discharged are those that have a sufficient underlying medical situation that would make repayment of the loans either impossible or subject the debtor to a below minimal standard of living.

In a Chapter 7 case, a debtor's non-exempt assets are liquidated to pay debts, and the court discharges most debts at the end of the case.

And, we have the example of Argentina doing it in the present with pension assets, and also when their currency blew up — most debtors faced a forced conversion to less valuable bonds.

Bankruptcy in Canada is a legal process in which a debtor assigns non-exempt assets for the benefit of his creditors in exchange for which he will be discharged from most debts.

The sad thing about our debtor's story is that most of what he is experiencing is avoidable with a little preparation and knowledge.

What most people don't realize is that credit card companies are very anxious to lure bankrupt debtors back into the world of high - cost credit.

It is advisable to apply for a fast cash loan for individuals that have a bad credit ranking as a lot of lending businesses offer these loans on the basis of the most recent payment proof of the debtors and are generally not worried about their credit history.

In a Chapter 7 bankruptcy, most or all of debtor's unsecured debts are wiped out and, at the same time, in most cases, the debtor will be able to keep their property, rather than losing everything they own.

Section 727 of the Bankruptcy Code sets out a number of reasons a creditor or trustee can object to a debtor's discharge and most center around lack of transparency.

If anything, the law has hurt the poorer debtors most in need of filing.

Copies of the debtor's tax returns for the most recent tax years and the tax returns filed during the case must be given to the trustee.

Unless the property has a high value, most creditors will not go through the expense of trying to seize a debtor's assets.

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.

Increasing Fastest Among Oldest However, the percentage of debtors is increasing most rapidly among seniors aged 75 and above.

Although it is possible to file for Chapter 13 Bankruptcy without the assistance of a bankruptcy lawyer, most debtors will find it helpful to consult with a lawyer to ensure they are making the right decision.

Shapiro sued Navient in federal court alleging a raft of illegal conduct, most notably that it «willfully» and «knowingly» cheated struggling debtors who face long - term hardship by steering them into payment plans that postponed bills, allowing interest to accumulate, rather than helping them enroll in plans pegged to income.

In most states, after passage of a period of time specified by a «statute of limitations,» a debt collector loses its right to pursue in court authorization to garnish a debtor's wages or a bank account or place a lien on his or her property.

Insolvent millennial debtors were the most likely of any age group to have a payday loan.

California has very generous exemptions and in most Chapter 7 cases, the debtor (person filing bankruptcy) gets to keep all of his or her assets and walk away from the debt.

Most debtors never have to worry about any of this.

More than 5 million student - loan debtors are in long - term, income - driven repayment plans (IDRs), and most of them are making monthly payments so low that they are not repaying the accumulated interest.

When most debtors find themselves at the end of their rope, they can often be compelled to file for bankruptcy however, it is important to be aware of the alternatives, as bankruptcy is not always the best solution to get out of debt.

And yet, most of the stories we hear have the same root cause: an honest debtor with unfortunate circumstances.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

Most Chapter 7 debtors receive their discharge about four months after the filing date of the bankruptcy petition.

Now, in most cases, if a debtor entered into a secured loan prior to the filing of their case, we can adjust the interest rate to Prime + 1 - 3 %.