The proposal is binding
on all creditors as long as the majority by dollar value agree.
Not exact matches
THE «for sale» sign will be swiftly put up
on Great Southern's substantial land holdings
as the receiver seeks to recoup money for the bank
creditors
Further, if spouses own a house or a brokerage account
as «tenants by the entirety»
as opposed to owning them jointly, they may have some
creditor protection depending
on the state in which they reside.
Remember though, if you default
on a secured loan then the assets or asset class you used
as a security could be seized by the
creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.
Getting behind
on payments — and ignoring your
creditors — could eventually result in a lawsuit,
as in Nelly's case.
Its European
creditors decided
on Wednesday to suspend the implementation of short - term debt relief measures after the Greek government announced additional spending
on pensions - an action that European partners deemed
as «unilateral» and disrespecting the efforts agreed under the country's 86 billion euro ($ 89.75 billion) bailout program.
Kobayashi is sitting
on another $ 1.9 billion of the tokens and will consider offloading those too
as he raises cash to distribute to Mt. Gox's
creditors.
President Cristina Fernandez's Peronist party is facing a tough battle to elect her successor
as 30 percent inflation, a restriction
on dollar purchases and a stubborn refusal to settle with
creditors from its 2001 default erode support.
In what analysts and markets see
as the final deadline, Greece has to reach a deal with
creditors Saturday or it will fail to make a crucial debt payment due to the International Monetary Fund
on Tuesday.
In other words, instead of skipping a handful of payments or defaulting
on a loan, contact your
creditors and lenders
as soon
as a problem arises and negotiate some form of resolution that's within your financial means.
Growing anger at the
creditors» wishlist played out
on social media under the hashtag #thisisacoup,
as the drastic demands made were presented
as the price to pay if Greece was to stay in the European union.
«While leaders
on the ground in Michigan and the city's
creditors understand that they must find a solution to Detroit's serious financial challenge, we remain committed to continuing our strong partnership with Detroit
as it works to recover and revitalize and maintain its status
as one of America's great cities.»
Noble said in a statement
on Wednesday that its Restructuring Support Agreement (RSA) had been signed by
creditors known
as the Ad Hoc Group.
Meanwhile, in Detroit, the city initially classified its general obligation bonds
as unsecured debt before settling with
creditors for less than 100 cents
on the dollar.
Greek equity markets ended the week higher, even
as the news — which was all good
on Monday after Tsipras made his first real concessions to
creditors since becoming prime minister in January — became steadily more discouraging by the day.
Creditors refused to budge
on the deadline, meaning Greece soon will join Zimbabwe, Sudan and Somalia
as countries that failed to keep up with their payments to the IMF.
Current liabilities include notes payable
on lines of credit or other short - term loans, current maturities of long - term debt, accounts payable to trade
creditors, accrued expenses and taxes (an accrual is an expense such
as the payroll that is due to employees for hours worked but has not been paid), and amounts due to stockholders.
In a debt restructuring (in bankruptcy court or negotiated privately), they might lose money
on the debt, but
as creditors, they get part or all of the equity of the restructured company.
Former Greek Prime Minister George Papandreou proposed calling a referendum
on a private sector debt - restructuring plan agreed with the
creditors as part of a second bailout package in October 2011.
Just
as significant
as the ratings downgrades may be the suspension
on Friday of the
creditor talks in Greece — whose debt S. & P. long ago gave junk status.
Greece Prime Minister Alexis Tsipras is preparing to pick up talks with
creditors after euro - area finance ministers adjourned a meeting
on Greece today
as a breakthrough
on the terms of aid remained elusive.
If parliament gives its nod, Greek voters will be asked to rule
on two complex draft documents that detail a proposal by the country's
creditors to unlock aid of
as much
as 15.5 billion euros for Greece in return for sales - tax increases and pension reforms.
The reference to a «voluntary approach» might be a not - so - subtle message that if Europe pushed too hard
on this point, then the
creditors could no longer accept the agreement
as a voluntary one.
Credit Karma provides free credit monitoring to track its users» TransUnion credit reports
on a rolling, daily basis and notifies them of any significant changes, such
as if a new account is opened in their name or if a
creditor registers a delinquency.
With days to go before Sunday's knife - edge referendum that the country's
creditors have cast
as a vote
on whether it wants to keep the euro, the IMF revealed a deep split with Europe
as it warned that Greece's debts were «unsustainable».
When this happens and
as debt levels rise relative to debt servicing capacity, at some point the major stakeholders — including businesses,
creditors, household savers, workers and so
on — became uncertain enough about how this gap will be allocated that they take steps to protect themselves from this uncertainty.
And
as part of the structural transformation of society urged by
creditors, governments are to deregulate (or simply not put regulatory authorities in place) the sectors being privatized
on credit.
To compound this problem, mall owners are now starting to mail in the keys to financially troubled malls: More mall landlords are choosing to walk away from struggling properties, leaving
creditors in the lurch and posing a threat to the values of nearby real estate... [
as] some of the largest U.S. landlords are calculating it is more advantageous to hand over ownership to lenders than to attempt to restructure debts
on properties with darkening outlooks (LINK).
If an error
on your credit report goes unchecked, lenders and
creditors may deny you a claim
as a result.
Importers and individual traders still have to mobilize foreign currency through their own means and mostly
on the parallel markets
as the central bank is failing to enable payments to international suppliers and
creditors and this has stoked up inflation, say economists.
On January 15, 2015, Target Canada Co. and the Additional Applicants listed below (collectively, the «Applicants»), together with the Partnerships also listed below (the «Partnerships», and collectively with the Applicants, the «Target Canada Entities») commenced court - supervised restructuring proceedings under the Companies»
Creditors Arrangement Act, R.S.C. 1985, c. C - 36,
as amended (the «CCAA»).
Just
as creditors want to see that you can make
on - time payments, and that you can keep from utilizing too much of your available credit, they also want to observe your ability to handle different types of credit accounts.
And inasmuch
as creditors insist
on protecting themselves from inevitable default by possessing collateral, it is natural that most of the economy's debts are owed
on its largest asset: land and buildings.
The New York Times
on June 28 quoted Puerto Rico Governor Alejandro Garcia Padilla
as saying that the U.S. territory can not pay its roughly $ 72 billion of debts and that
creditors will probably have to make significant concessions.
A crucial vote looms
on Friday in the long - running saga of Detroit's bankruptcy,
as a clutch of
creditors decide whether to approve a restructuring plan that would cut the cash - strapped city's $ 18 billion of debt.
On the other hand, according to the Measures for the Administration of Securities Investor Protection Fund 《 證券投資者保護基金管理辦法 》, the functions of China Securities Investor Protection Fund (CSIPF, 中國投資者保護基金) include «indemnifying
creditors as required by China's relevant policies in case a securities company is subjected to compulsory regulatory measures including dissolution, closure, bankruptcy and administrative takeover by China Securities Regulatory Commission (CSRC) and custodian operation» or «other functions approved by the State Council».
The announcement comes
as Venezuela faces acute financing problems after
creditors and ratings agencies declared the government and state - run oil firm PDVSA to be in partial default for missing interest and principle payments
on bonds.
Moreover, talks appeared to stall over the weekend
as major
creditors left Athens without the deal they needed for the meeting of European finance ministers
on Monday.
The Althing's proposal spells this out in clear legal terms
as an alternative to the neoliberal idea that economies must pay willy - nilly (
as Keynes would say), sacrificing their future and driving their population to emigrate in what turns out to be a vain attempt to pay debts that, in the end, can't be paid but merely leave debtor economies hopelessly dependent
on their
creditors.
If one were to believe that Bitcoin's performance is linked to the situation in Greece, then yesterday's proposal «should» diminish the uncertainty and exert downward pressure
on Bitcoin
as the deal between Greece and its
creditors seems closer now than it was a couple of days ago.
Hollande said debt changes are a question for future years,
as the priority shifts to Greece's down - to - the - wire negotiations with
creditors over aid that expires
on June 30.
Greek Prime Minister Alexis Tsipras has interpreted the results
as strengthening his position versus
creditors in negotiations, but it is possible that Tsipras may be more conciliatory
on the margin given the dire circumstances facing Greece and its banking system, and the desire of the majority of Greek voters to stay in the eurozone.
Sales tax
on catering may be the largest difference between Greece and its
creditors as they negotiate rescue arrangements this week, according to two European Union officials.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such
as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such
as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged
as collateral under our existing debt agreements and the ability of our
creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance
on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report
on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
He said
creditors should commit to discussing debt changes
as a «second step» after an agreement
on Greece's budget, economy and near - term financing is achieved in coming days.
Discover personal loans are a good choice for debt consolidation,
as you can pay off your
creditors directly and the interest rates
on the loan are fixed.
Selling off the assets is seen
as the only way to pay back
creditors and there are some big items
on offer.
But neither the African governmental officials nor the private foreign banks who made the decision to loan in the first place lose out,
as European and North American governments step in to provide further financial assistance for African countries
as they begin to lapse
on loan repayments: «In effect, public money from the governments of industrialised countries -LSB-...] helped to bail out the private
creditors» (p. 33).
Ending what has been a tumultuous six - month long negotiation process, last week the Greek Parliament approved the first package of austerity measures required by Greece's
creditors as part of the «Greekment» reached in the early morning hours of 13 July 2015 in order to initiate talks
on a Third Fiscal Adjustment Programme (or «Memorandum») and avoid Greece's expulsion from the Eurozone.
Ex-lobbyist Todd Howe put up little resistance
as Percoco defense lawyer Barry Bohrer laid out a litany of stiffed
creditors — from mortgage lenders
on million - dollar houses to HVAC and kitchen contractors to tutors, nurseries and a succession of his own lawyers who got bad checks and then had to sue and garnish his wages.