Sentences with phrase «off other creditors»

You need to be sure that will be enough to pay off your other creditors.

Not exact matches

Once a partner pays off the creditor, he or she can seek «contribution» from the other partner (s).

Just as debt deflation diverts income to pay interest and other financial charges — often at the cost of paying so much corporate cash flow that assets must be sold off to pay creditors — so the phenomenon leads to stripping the natural environment.

Higher valuations for mortgages and other debt claims have taken the pressure off creditors to agree to write - downs.

Your work is tied up as part of the company's IP, and you'll have to wait like every other unsecured creditor to see if it's going to be sold off (and to whom) in bankruptcy court.

Charge off is a term that creditors and other financial institutions use to describe a debt that they think is unlikely to be collected.

If you have more than one creditor reporting a charge off, it is very important you still attempt to improve your credit score and repair your credit history in every other aspect.

If the creditor will not waive fees for paying off a debt early or any other fees attached to the debt, then you'll have to pay more money.

«When a consumer is unable to meet their regular monthly debt payments, our agency as well as other (accredited agencies), may establish a DMP to help the consumer manage and pay off their unsecured debt by having the consumer deposit a monthly payment into a (trust account) which, in turn, is distributed to their creditors,» Hannah says.

Be aware that most creditors do charge different interest rates than others; you actually may end up paying off your debt to one creditor but still have multiple creditors to worry about after one of your lenders has been paid off.

Add up all those little savings each month, and send them as an extra payment on the bill you decided to pay off first (keep sending the minimum to your other creditors, too).

Perhaps you were worried about keeping your car and chose to pay it off before filing without making payments to your other creditors.

If the issuer has enough cash for paying off its creditors, rather than selling the underlying assets, the company uses the cash for paying the first mortgage bondholders before others.

First, paying off some creditors (but not others) is not allowed under the bankruptcy code because you are favoring one creditor over another.

But if you have one or two accounts with very small balances and it would make you feel good to get them paid off quickly, send them the remainder (what's left after you pay every other creditor their monthly minimum), even if the APRs on these accounts are not the highest you're seeing.

You also have a range of other options such as bankruptcy, or a debt relief order, or you could even ask your creditor to consider writing - off your debts.

They can also help you come to arrangements with your creditors and other lenders to help you pay off your debt and to ward off legal action for the recovery of outstanding money that you may owe.

«In other cases, like a creditor charge - off, the entire debt may still be collectible.»

From the creditor's perspective, this amounts to disrespect to them and can result in numerous late fees and other costs added to your debt, undermining to a large extent any discount off the original balance.

In other words, creditors of the broker are not permitted to claim the funds in these segregated accounts as part of the broker's assets which can be used to pay off the broker's debt.

Debt settlement, on the other hand, is where a company negotiates on your behalf in an effort to get your creditors to accept a reduced amount in return for paying off the debt.

Include copies of any letters you have received which show that other creditors have agreed to write off their debts.

This is particularly true in the case of credit card or consumer loan debt, where creditors may place a «charge - off» or other unfavorable note on your credit report as a result of debt relief negotiations.

There may be other wrinkles involved - for example, some of your creditors may be willing to write off part of your debt in return for an immediate payoff - but the key thing is that you're simplifying your finances by exchanging many smaller debt obligations for a single bill to be paid every month.

That bad credit score is based on a variety of factors like your ability to pay off more debt, your credit history and other things that might help creditors make the decision whether you will pay them back.

Fair share payments are provided by creditors to the debt consolidators for providing an avenue for debt collection other than the usual charge - offs and collection agency referrals.

And because we are working directly with your creditors, it's easier for us to engage in debt negotiation, seeking possible reductions in finance charges, interest rates, late fees and other charges in order to reduce the amount of money you owe and help you to pay off your debts faster.

Since a debt management plan doesn't provide any creditor protection other than what they agree to voluntarily, once payments stop, all deals are off.

On the other hand, if an individual already shows multiple accounts on their credit report that have been charged off by creditors they may already have a credit score of approximately nine on a scale of one to ten.

After making my final credit card payment to be credit card debt free, I started thinking about how I could use a balance transfer offer extended by my creditor to help pay off other types of debt I still have.

Also, you can negotiate with your creditors to accept part payment and have the other amount of your debt written off.

Discussion: While it may be true that a debt can be charged off for reasons other than the debtor's ability or willingness to repay, generally, if a creditor has written off a debt as a loss it is an indicator that the applicant has had some difficulty repaying the amounts owed.

You may be able to pay off those creditors who charge interest at a higher rate so that your other debts are easier to manage.

Consumers will use all their available cash to pay off or settle a balance with one creditor without having a plan for paying other creditors.

Plus, a creditor may agree to remove the charge - off if you're currently paying other obligations on time.

Through the cash from a life insurance payout, the beneficiary has immediate liquid cash that can be used to pay off creditors and other debts or expenses that may arise.

Have you had any bad debts charged off by other creditors?

A wage garnishment is a legal proceeding in which a creditor can legally deduct payments off your wages to pay back taxes, child support, or other debts.

Warren or other activists could thus acquire the business, pay off the creditors and profit from the proceeds of the liquidation.

Recent cases include: Axiom Litigation Financing Fund (acting for the «receiver / liquidator» of a Caymans Islands fund: # 110m dispute); Frauntled Management Limited v Featherwood ($ 13m investment dispute before the BVI Court of Appeal); BBX Capital Asset Management v Royal Bank of Canada & Ors ($ 30m Cayman dispute relating to transaction to defraud creditors / sham trusts); Trinity Management Group Ltd v Burke Consolidated Ltd (s. 184I / s.175 BVI dispute); Maruti Holdings PTE Limited v Sinclair Strategies Limited (BVI jurisdictional challenge); QVT Fund & Ors v China Zenix Auto International Limited (s. 184I and s184C BVI dispute: interim injunction) In addition, the international nature of commercial fraud often results in Paul advising in relation to proceedings before off - shore courts such as in VTB v Nutritek (advised on interim relief in Cayman Islands and maintenance of BVI injunction in light of UK Supreme Court decisions) and in other off - shore jurisdictions such as Jersey, Guernsey and Nevis.

It represents a clear exception to the pari passu principle because it allows the solvent party (the bank) to collect payment ahead of any other creditors to the extent of the set - off.

«In other cases, like a creditor charge - off, the entire debt may still be collectible.»