Sentences with phrase «payments to the creditor through»

In fact, well over 95 % of all Chapter 7 cases provide for no payments to creditors through asset liquidation.

Not exact matches

Importers and individual traders still have to mobilize foreign currency through their own means and mostly on the parallel markets as the central bank is failing to enable payments to international suppliers and creditors and this has stoked up inflation, say economists.

In fact, a reputable nonprofit credit counseling agency usually can get creditors to reduce your interest rate and minimum monthly payment through a DMP program, even if they've already refused your direct request for concessions.

Once you're signed up, the credit counselor will likely put you on a debt management plan through which you make regular monthly payments to them and they, in turn, send your payments to the creditor.

Though creditors may be hounding you through aggressive collection activity and threats, resist any urge to file bankruptcy just to make them leave you alone or because you can't now make payments.

In most cases, even without a debt consolidation loan, all payments to creditors will be made through the agency.

Plan payments usually come from the debtor's future income and are paid to creditors through the court system and the bankruptcy trustee.

Once you are aware of the payment options through creditors and your bank, you need to sit down and assess your financial situation.

It's a way to pay down your outstanding debt through the agency, which works with creditors to lower your interest rates, and then distributes monthly payments to the creditors, while offering fundamental financial advice that could prevent a repeat of the problem.

The biggest advantage of consolidating your debt through a repayment program like a DCP is that it opens up the opportunity to negotiate with your creditors, including the repayment terms and payment period, so that it suits your capabilities and current budget.

Once your creditors have agreed to accept the payments through a Debt Consolidation Program, the account will be removed from the debt collectors» active queue and the

The claim can be paid through the liquidated proceeds collected for distribution to creditors or through a payment plan approved by the bankruptcy court.

Verify whether your creditors have agreed to accept payments through a consolidation program or whether they are expecting you to pay them personally.

Once your creditors have agreed to accept the payments through a Debt Consolidation Program, the account will be removed from the debt collectors» active queue and the debt collection calls will stop.

Consumer Proposal: a consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to 5 years.

Through the Debt Management Plan, they may be able to work with your creditors to reduce your interest rates and potentially reduce your payments as well.

At this point unless your creditors are willing to remove the late payments or you get them removed through the dispute process, the only way to improve your score would be to pay all credit obligations on time consistently going forward.

It is negotiated through a Licensed Insolvency Trustee, an individual who will present a proposal to your creditors that, when accepted, results in a reduction of your overall debt and a single monthly payment.

The representative from settlement company negotiates with your creditors and / or collection agencies to reduce the payoff amount so that you can get rid of debts through a lump sum payment on each account.

Reduce your stress levels knowing your rent or mortgage payment will go through, you're no longer dodging calls from creditors and you're free to think of the big picture for your future self.

They also allow you to deal with your creditors collectively, through an insolvency practitioner, as opposed to having to work out payments for them one at a time.

A debt management plan is a way to pay down your debt through payments to your credit counseling agency, who will then distribute the funds to your creditors.

Finally, a credit counselor will actually negotiate with your creditors on your behalf through a Debt Management Program where you make one payment each month to deal with your debts.

«You then stop paying your creditors and instead start making monthly payments to your debt settlement company, usually through a special bank account,» Zimmerman says.

A settlement agreement via a consumer proposal, filed through a licensed trustee, provides the creditor protection you need while you work out a plan with your consumer proposal administrator to not only combine all of your debts into one, affordable payment, but fully settle those debts for less than you owe.

, USBC, N.D. Calif. — lead counsel for chapter 11 trustee of gaming establishment; successfully resisted (through state court litigation) efforts by licensing authority to impose severe, likely fatal operating restrictions; and ultimately negotiated and consummated a going concern sale of business through a chapter plan providing for full payment to unsecured creditors.

MEP then forwards the payment to the creditor once the funds have cleared through a trust account.

Bankruptcy often is a last resort for people who haven't been able to resolve their debts through other means, such as refinancing loans or negotiating payment arrangements with creditors.

An individual who does not qualify for payment from the WEPP will be able to pursue the wage claim through the limited super-priority provision and the existing preferred creditor status up to a $ 2,000 cap.

It is common to pay a dividend to the unsecured creditors through the 13 and discharge the balance once the plan payments end.