Sentences with phrase «other creditors where»

If I am a counterparty to a contract (swap, cds etc.) with an entity that went bankrupt and I am due some payment, how «senior» is my claim (amongst the other creditors where do I rank)?

Not exact matches

And, he says, Hunter and his army of retail investors did nothing that hasn't been repeatedly done by investment bankers, bondholders and hedge funds during other CCAAs, such as the restructuring of Hamilton steelmaker Stelco, where self - serving parties threatened the future of thousands of workers in order to turn a profit after buying voting power from scared creditors.

Typically these letters go to creditors where the accounts are seriously delinquent or report other questionable information.

Where big banks and other creditors may hesitate due to past financial blunders or blemishes, Source Capital takes a keen interest in how we can help our investors in any way we can.

In cases where companies have filed for protection from creditors, such as Nortel, employees and pensioners are lumped in with the other creditors to try to collect the money they were promised.

Before you get to the point where you are facing repossession, contact your creditor and discuss other options.

ICFE DCCS ® Independent Study Guide Table of Contents Consumer Financial Protection Bureau to oversee debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources

This step will provide you with the exact amount you owe, the name and address of the original creditor, or other information that may help you figure out where you stand, according to the Consumer Federation of America.

There are 15 other states where you can record the conversation after taking permission from the creditor / CA.

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.

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.

The situation we want to avoid is where you settle with one or two accounts only to have the other accounts bring a lawsuit against you forcing you into litigation or bankruptcy after having expended your limited resources on settling with some creditors.

I think that in a situation where you don't have at least 60 % of the cash on hand to settle your other accounts, the other creditors won't agree to a settlement, and you've had a substantial loss of income in the home, that bankruptcy is a much more reasonable solution.

Debt settlement is different from other types of debt relief program, like the Debt Management Plan mentioned above where the company's representatives negotiate lower interest rates and send the payments to your creditors on your behalf.

The only other possible issue where you would want legal prowess is if and when it becomes necessary to send what's called a creditor direct letter.

Close all your affected accounts: contact your creditors, banks and other institutions where your information may have been compromised.

Your budget will give you a clear indication of the total amount of debt that is owed to others and from there you can set your priority list where you can start working with the people you owe money to and sort out payment plans with your creditors and your own steps to clear your debt.

whether the consumer credit transaction or other transaction is made under the provisions of the National Housing Act, or where the creditor is exempt from licensing under this chapter, (ii) where the credit transaction is not a consumer transaction, (iii) where the credit transaction is by a trust institution as defined in Section 5 - 12A - 1 (1), in its capacity as a fiduciary under any plan or agreement qualified under 26 USC 401 (a) or defined by 5 USC 8437, 26 USC 403 (b), or 26 USC 457, or a trust exempt under 26 USC 501, or (iv) to any municipal pension system created under the laws of the State of Alabama.

Alabama but having a resident employee in Alabama whose employment includes making consumer loans or taking assignments of consumer credit contracts shall obtain a license for the location where the creditor maintains its records regarding Alabama loans or Alabama consumer credit contracts; and provided further, that, banks chartered by this state or any other state, banks chartered by the United States, trust companies, savings or building and loan associations, savings banks and other thrift institutions, credit unions, life insurance companies, and federally constituted agencies shall be exempt from licensing.

In other words, a creditor is not supposed to sue you for a debt that is more than two years old, or more specifically for a debt where no payments have been made in more than two years when they should have been made.

(a) The provisions of this chapter, except the provisions of subdivision (1) of Section 5 -19-1 and Section 5 -19-3, shall not apply (i) to any consumer credit transaction or other transaction involving an interest in real property or the sale, lease, or mortgage of an interest in real property where the creditor is an approved mortgagee under the provisions of the National Housing Act irrespective of

In fact, even in the special situation where there is a legal separation agreement stating that each partner is to assume half of the joint debt, a creditor can still pursue the other spouse for all amounts outstanding if one of the partner defaults.

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.

Do you understand where you would stand in relation to other creditors if the company issuing the bonds couldn't pay its debts?

It's cases like these, where the client is captive and using other people's money, i.e., its creditors that drive rates up and perpetuate the billable hour.

Keith's other primary areas of expertise include corporate and individual insolvency, where he acts for and against insolvency practitioners, company directors, creditors and banks.

In reaching these conclusions the judge noted that, among other things, he had taken into account the administrators» professional standing and reputation, the fact that a court should not remove an administrator simply because conduct has fallen short of the ideal (but in this case it had «gone further than that») and that this was not a case where removal would encourage activist creditor applications or cause insolvency office holders to «have to look over their shoulders».

(1) Where a decision is made in a Contracting State where the creditor is habitually resident, proceedings to modify the decision or to make a new decision can not be brought by the debtor in any other Contracting State as long as the creditor remains habitually resident in the State where the decision was Where a decision is made in a Contracting State where the creditor is habitually resident, proceedings to modify the decision or to make a new decision can not be brought by the debtor in any other Contracting State as long as the creditor remains habitually resident in the State where the decision was where the creditor is habitually resident, proceedings to modify the decision or to make a new decision can not be brought by the debtor in any other Contracting State as long as the creditor remains habitually resident in the State where the decision was where the decision was made.

Section 9 creates an offence of fraudulent business where a person «outside the reach» of CA 1985, s 458 is knowingly a party to the carrying on of a business with intent to defraud creditors of any person or for any other fraudulent purpose.

This rule applies where, before the company goes into liquidation there have been mutual credits, mutual debts or other mutual dealings between the company and any other creditor of the company proving or claiming to prove for a debt in the liquidation.

Where the last day of the limitation period falls on an official holiday or other dies non juridicus precluding the appropriate legal action in the jurisdiction where the creditor institutes legal proceedings or asserts a claim as envisaged in article 13, 14 or 15, the limitation period shall be extended so as not to expire until the end of the first day following that official holiday or dies non juridicus on which such proceedings could be instituted or on which such a claim could be asserted in that jurisdicWhere the last day of the limitation period falls on an official holiday or other dies non juridicus precluding the appropriate legal action in the jurisdiction where the creditor institutes legal proceedings or asserts a claim as envisaged in article 13, 14 or 15, the limitation period shall be extended so as not to expire until the end of the first day following that official holiday or dies non juridicus on which such proceedings could be instituted or on which such a claim could be asserted in that jurisdicwhere the creditor institutes legal proceedings or asserts a claim as envisaged in article 13, 14 or 15, the limitation period shall be extended so as not to expire until the end of the first day following that official holiday or dies non juridicus on which such proceedings could be instituted or on which such a claim could be asserted in that jurisdiction.

It was within the motion judge's discretion to take into account the circumstances regarding the background to the debt, particularly in the context where other creditors would not be affected by the order being sought.

To prevent unnecessary closing delays, the final rule clarifies that, consistent with other Regulation Z disclosure requirements under § 1026.17, where the creditor does not have the actual terms, the creditor may provide an estimate based on the best information reasonably available to the creditor on the originally provided Closing Disclosure.