Sentences with phrase «payments to creditors»

Next, any taxes that are due must be paid, followed by payments to creditors.

The trustee makes payments to creditors in accordance with the terms of the plan.

Chapter 13 bankruptcy works by having filers make regular payments to creditors as part of a three - to five - year repayment plan.

Chapter 13 bankruptcy filers make payments to their creditors over a three - to five - year period.

Former Cobbetts partners who moved to DWF in last year's pre-pack deal may be asked to partially fund distribution payments to creditors, Legal Week understands.

Making payments to some creditors at the expense of others, for instance to a bank that the director has given a personal guarantee to

Making on - time payments to creditors is the best thing you can do to build a good business credit score.

Once we've received your payment in our bank account we'll process the money and make payments to your creditors.

GRT Financial, Inc. does not make regular monthly payments to your creditors.

About 37 percent, up from 34 percent in 2014, were filed under chapter 13, in which individuals who have regular income and debts below a statutory threshold make installment payments to creditors under court - confirmed plans.

The record shows, however, that consumers» credit ratings are harmed, often substantially, as a result of not making payments to creditors.

Depending on your specific financial situation, you may or may not be making payments to your creditors when you decide to file bankruptcy.

Making on - time payments to creditors and using no more than 30 percent of available credit limits are powerful steps toward improving credit scores in the short term.

The FTC appears to have a clear understanding of the implications for consumers when they are instructed to stop making payments to their creditors and to pay the debt settlement companies instead.

Basically, rather than making payments to the creditors you save up money in a special account.

«Debt settlement providers often encourage consumers to stop paying creditors, or consumers stop on their own because they simply can not afford simultaneously to make monthly payments to their creditors, set aside funds for settlements, and pay fees to the debt settlement company.

A general rule of thumb with secured credit is: if you wish to keep your property, you need to keep making payments to your creditors.

Another word of warning — if you end up in Court at the end of your bankruptcy because you fail to perform your duties properly, the Court may very well order you to make additional payments to your creditors equal to the monthly amount you were able to save during the bankruptcy.

Many providers also tell consumers that they can, and should, stop paying their creditors, while not disclosing that failing to make payments to creditors may actually increase the amounts consumers owe (because of accumulating fees and interest) and will adversely affect their creditworthiness.

Debt settlement companies usually advise you to stop making payments to your creditors, and deposit money in a separate account for a future settlement.

This means that your medical debts will not have priority if your trustee is able to make payments to your creditors.

A DMP calls for monthly payments to all creditors.

I start making payments to those creditors right away once they've got in contact me and confirmed yes, this is where the debt is and we'll take payment and we'll stop or reduce charging interest.

Debt settlement programs require you to permanently stop making payments to your creditors, and by doing so your credit report can be severely negatively impacted.

Any time you stop making your regular payments to your creditors, your credit rating is going to be affected.

If you can get a good hike, then you can easily make extra payments to your creditors every month.

Debt settlement firms do not make your monthly payments to creditors for you.

Debt settlement companies do not make regular monthly payments to your creditors.

If you do not make required minimum payments to your creditors you may be breaking the terms of your agreements with them and your actions will probably be reported to consumer reporting agencies as late, delinquent, charged - off or past due balances.

If debt relief programs become a necessity for you, and you choose debt settlement companies as your best option, you will stop making payments to your creditors and start making payments into a trust account.

If you have received this reason for credit card denial, this means that your payment history reflects delinquent payments to creditors.

In contrast to debt management plans in which consumers make monthly payments to creditors, the debt settlement business model generally requires that a consumer stop making regular payments to creditors.

If you have made regular payments to all your creditors and have a stable employment history you're considered as a good risk.

DSA does not make regular monthly payments to your creditors.

Under this theory, firms can reduce agency conflicts between managers and shareholders by reducing excess cash on hand, and by obligating managers to make continuous payouts in the form of increased dividends and interest payments to creditors.

Consider making payments to creditors more than once each month.

No, you are responsible for continuing to make payments to your creditors as we work to lower and / or eliminate your debt for you.

The debt management company administers all payments to your creditors.

Debt settlement companies do not assume consumer debt, make monthly payments to creditors on behalf of customers or provide tax, bankruptcy, accounting or legal advice or credit repair services.

But like debt negotiation, the debt settlement process can destroy your credit rating because they too often suggest that their clients suspend making payments to their creditors.

You will need to build in the payments to those creditors in your personal budget.

If you're finding it difficult to make payments to your creditors, contact our helpline for advice.

The court then divides the money up and sends the payments to all your creditors for you.

You no longer need to make payments to your creditors (though you will have to make payments to the bankruptcy trustee under a Chapter 13 bankruptcy) and your creditors will no longer be permitted to contact you.

The firms usually tell you to stop making payments to your creditors, and instead, send payments to the debt negotiation company.

Do I have to make any payments to my creditors before they will accept the proposed payment plan?

They will help pay your bills — you send them one monthly payment, and they distribute the payments to your creditors.

It is designed for consumers who can't afford to make monthly minimum payments to creditors.

A company that provides debt settlement doesn't negotiate lower interest rates or send payments to your creditors.

Any missed payments to your creditors will reflect very negatively on your credit report.