Sentences with phrase «out of the debtor»

Or is it fair for banks and even vulture funds to get whatever they can squeeze out of debtors?

The government is to do what law enforcement officials have moved to prevent Countrywide Financial and other predatory lenders from doing: squeezing exploding Adjustable Rate Mortgages and «negative equity» mortgages out of debtors, on terms that often were bait - and - switch to begin with.

This will save you money in the long run: decreasing the time you pay on a loan will keep the interest in your pocket and out of your debtor's bank account.

Debt collectors routinely take advantage of debtors» ignorance of their rights, flaunt the law that restricts their collection activities, and rely on intimidation and harassment to try to squeeze payments out of debtors.

Not exact matches

But the relief is usually temporary, and the debtor is out getting new credit, on top of the existing debt consolidation loan.

After listing superstar entrepreneurs who dropped out of college — Bill Gates, Larry Ellison, Steve Jobs, Michael Dell — he calls post-secondary education a «cruel, expensive joke» that «happily churns out unemployed debtors of dubious value.»

«The stark reality is that the debtors are projected to run out of cash in the U.S. in May 2018,» the court filing read.

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.

But the real emergency affects mainly debtors — mortgage debtors with negative equity, companies loaded down with junk bonds (many of them taken to buy back corporate stock and increase dividend payouts to increase the price at which managers can cash out).

He was also a restructuring advisor for Crossroads LLC, where he advised debtors and creditors on restructurings both in an out of bankruptcy.

Once you start growing your debt, in the case of the United States, when you consume more than you produce and you become a debtor nation and then all of a sudden you balance your trades out there is a lack of savings going on.

Before you can save for retirement, you must get out of credit card debtor's prison.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

It loads down economies with debt — and when debt service exceeds the surplus out of which to pay it, the central bank tries to «inflate its way out of debt» by creating enough new credit («money») to make real estate, stocks and bonds worth more — enough for debtors to borrow the interest due.

What if debtors had been bailed out by a write - down of bad debts, instead of the lenders who had made bad loans and the large institutions that bought them?

The parables disclose with what pleasure and tolerance he surveyed the broad scene of human activity: the merchant seeking pearls; the farmer sowing his fields; the real - estate man trying to buy a piece of land in which he had secret reason to believe a treasure lay buried; the dishonest secretary, who had been given notice, making friends against the evil day among his employer's debtors by reducing their obligations; the five young women sleeping with lamps burning while the bridegroom tarried and unable to attend the marriage because their sisters who had had foresight enough to bring additional oil refused to lend them any; the rich man whose guests for dinner all made excuses; the man comfortably in bed with his children who gets up at midnight to help his importunate neighbor only because he despairs of getting rid of him otherwise; the king who is out to capture a city; the man who built his house upon the sand and lost it in the first storm of wind and rain; the queer employer who pays all of his men the same wage whether they have worked the whole day or a single hour; the great lord who going to a distant land entrusts his property to his three servants and judges them by the success of their investments when he returns; the shepherd whose sheep falls into a ditch; the woman with ten pieces of silver who, losing one, lights the candle and sweeps diligently till she finds it, and makes the finding of it the occasion of a celebration in which all of her neighbors are invited to share — and how long such a list might be!

They lay their own foundation, and hew out the pillars of their own house, disdaining to be debtors to the sovereign grace of God.

It wasn't cutting spending that brought this situation about, it was bailing out the Irish bank's debtors at the insistence of the ECB.

While this period gives debtors a sufficient amount of time to straighten out their finances, it can also be a time when the debt, if left unpaid, rapidly accrues interest.

To put that number in perspective, it's also important to understand that, in Canada, student loan debt can not be discharged in a bankruptcy or consumer proposal unless the debtor has been out of school at least seven years.

For student loans, there are specific programs like loan consolidation and loan rehabilitation that are designed to get student loan debtors out of default.

Additionally, Dr. Bradshaw proposed that repayments should be made through a special arrangement that would take money out of the student debtor's salary, which would hypothetically reduce the tax burden on graduates.

But the debt gets slapped on the debtor's credit report until it «times out,» a term of legal art with different meanings in different states (generally three to seven years).

For other types of loans, it's much harder to find specific programs or loans designed to help debtors get out of default.

How to Get Out of Debt, Stay Out of Debt, and Live Prosperously *: Based on the Proven Principles and Techniques of Debtors Anonymous

These companies scammed consumer debtors by telling them they could easily get out of their debts, even with no upfront payment fees.

My point is that, as a debtor, you'll get more out of the system than your bankruptcy judge, your bankruptcy lawyer, or anyone else who works in the bankruptcy system.

But there's some good resources online for both debt collectors and debtors that set out the principles of that.

A nonprofit debt consolidation company exists to help consumer debtors get out of debt and stay out of debt.

The subsequent chapter 13 bankruptcy eliminated the second mortgage lien, effectively wiping out any liability the debtor may have had on the second mortgage outside of his chapter 13 plan payments.

In addition to losing money, this pro se debtor will lose lots of time at work because the hearing was reset since she did not fill out the petition correctly.

Under bankruptcy law, debtors who owe more money than they can afford can either eliminate some (or all) of their debts or work out a payment plan to pay a portion (or all) of their debts over time.

Nonprofit debt consolidation is debt relief services that are offered by credit counseling companies to help debtors get out of debt and repair their damaged credit.

One trend that came out of our study was the prevalence of female student debtors.

Did you know that three out of four debtors who own a home choose to file a Consumer Proposal rather than declare bankruptcy?

More than three out of five (61 percent) of bankruptcy attorneys dealing with potential student loan debtor clients have seen cases of debts more than 15 years old still being pursued.

So for a bankruptcy debtor who is separated and / or going through a divorce, the homestead is available for that person even if he or she has moved out of the home they own, provided that the other spouse, or the debtor's children are living in the home at the time the case is filed.

The debt collectors will try to use a person's emotions, to scare them — ultimately getting debtors to pay their last dollar out of fear.

As you can see from the infographic below, the average student debtor is not someone who graduated yesterday and is looking for a way out of repaying their student debt.

Chapter 13 bankruptcy allows debtors the option of paying out the value of non-exempt property to their creditors over time while slashing credit card debt and other unsecured debt.

He would point out that Countrywide rewrote more than 83,000 mortgages to alleviate pressure on its debtors in 2007 and that it expects to modify even larger numbers of mortgages this year.

A debtor recently blogged on a bankruptcy forum website his trustee and bankruptcy judge wanted him to take money out of his 401 (k) plan to make a balloon payment on one of his creditor's notes.

Simply put, filing for bankruptcy is a legal proceeding that is designed to protect both creditor and debtor and to allow the honest person or business to work their way out of a bad financial situation, or in some cases, to completely start fresh.

When monthly bills get out of hand, debtors frequently look to debt consolidation.

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.

From a bank's perspective then, a debtor coming out of Chapter 7 is an easy target for new business, and credit card solicitations abound, post discharge.

New creditors know this about debtors coming out of Chapter 7.

It would have allowed debtors to pay off high - interest - rate loans by taking out new loans at lower rates, similar to the process of refinancing a home mortgage.

On average, each foreign student debtor that scurried out of the UK owes the British government roughly # 15,000 in student loans.

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.