Sentences with phrase «on secured debts such»

When filing for Chapter 13 bankruptcy, you'll have to repay your certain debts that have priority in full — such as taxes and child support payments — as well as making payments on secured debts such as car loans and mortgages.

In order to be confirmed by the court, the debtor must prove sufficient income to support a 3 - 5 year plan wherein payments on secured debt such as mortgages and auto loans (including arrears) and non-dischargeable items continue and unsecured creditors typically get paid a small portion of their debts.

Not exact matches

Meaning, the price for which your home could be sold on the market today, less any debts registered against the property, such as mortgages and secured credit lines.

If a debt is secured by property, such as a home mortgage or an automobile loan, you have options on how to handle that debt.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

Lower the monthly payments and interest rates on debts, including secured debts such as car loans.

A debt consolidation company will usually look to secure larger loans against an asset such as your home (the interest payable on an unsecured loan will be much higher), which means that it will be at risk if you do not keep up with repayments.

Others have taken secured loans, such as second mortgages on their homes, to pay off high - interest unsecured debt.

A CDO is a security based on a variety of debts, such as mortgages or bonds, that can range from secure to highly risky.

Most credit cards are unsecured debt, which explains why the APR on credit cards tends to be higher than the APR on secured loans such as auto loans and mortgages.

Most debts except: fines, penalties, compensation and forfeiture orders imposed by any court; any debt that has been incurred through fraud; student loans; any obligation to pay maintenance to an ex-spouse due under a court order (not Child Support Agency arrears or Child Maintenance Service arrears); and money owed to a creditor whose debt is secured on your property (such as a mortgage or secured loan).

Secured debts, such as a home loan or car loan are collateralized; you should continue to pay these accounts on - time to avoid repossession or foreclosure proceedings.

Positive for Secured Debt: — Lower interest rates are on secured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of pSecured Debt: — Lower interest rates are on secured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of psecured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of payment.

With a secured debt, a piece of real property (such as an automobile or a home) is promised if the debtor can't finish making payments, or defaults, on the loan.

From the San Francisco Chronicle on August 1st, 2010: «The rules do not apply to secured debt such as mortgages, although the FTC is working separately on rules to curb foreclosure - rescue scams.

As the SPV has no assets of its own apart from the shares in target it acquires with that debt, the lenders will turn to the assets of the target group, typically requiring upstream guarantees from them of the acquisition finance borrowed by the purchaser and for those guarantees to be secured on the assets and undertaking of each such target group company.

Finkelstein focuses his practice on representing corporate trust institutions as indenture trustees and agents in connection with domestic and cross-border debt capital markets transactions, such as offerings of corporate and municipal, high - yield and investment grade, secured, unsecured and subordinated, convertible, public and private debt issued under trust indentures of domestic and international issuers.