Sentences with phrase «owe on a secured debt»

Not exact matches

If you still owe a decent amount on your home and are looking to take on more debt, securing a loan is going to be difficult.

She owes $ 6,000 on the car, and has no other significant secured debt.

If you default on debt you owe to a fully secured creditor, the creditor can take possession of the property securing the loan and sell it to pay the difference.

In Chapter 11 consumer bankruptcy, the clients typically are able to keep their homes, eliminate their junior mortgages (i.e. 2nd, 3rd, and 4th mortgages) entirely, and even reduce the amount owed on other secured debts.

If a significant amount of money is owed to CRA for an extended period of time, CRA may put a lien on your home to secure their debt.

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).

Any person who performs or furnishes labor or professional design or surveying services or furnishes materials or furnishes rental equipment pursuant to a contract, either express or implied, with the owner of real property for the making of an improvement thereon shall, upon complying with the provisions of this Article, have a right to file a claim of lien on real property on the real property to secure payment of all debts owing for labor done or professional design or surveying services or material furnished or equipment rented pursuant to the contract.

She owes $ 6,000 on the car, and has no other significant secured debt.

Lenders are usually focused on ensuring the debtor paying debt owed, but should also be focused on securing debt obligations.

A statement issued by NLAR to its members says that «PWC's primary role will be to secure BMO's position as the primary lender» and will take possession of all assets belonging to Exit Realty on the Rock, which will be liquidated to pay off the outstanding debt owed to BMO.