Try to create a plan to pay off a good
portion of your debt within the six - month introductory period.
Not exact matches
Second, assume that the bad
debt generated by the system (by which I mean the excess
portion of any
debt used to fund projects that add less value to the economy than the cost
of the project) is not written down
within the reporting period in which it was extended.
If your total consumer
debt payment (to get out
of debt within 3 years) was $ 430 a month, and your mortgage was $ 1,550 a month, your new mortgage payment should be $ 1,980 a month at least till the consumer
debt portion is gone.
(1) the amount
of the
debt; (2) the name
of the creditor to whom the
debt is owed; (3) a statement that unless the consumer,
within thirty days after receipt
of the notice, disputes the validity
of the
debt, or any
portion thereof, the
debt will be assumed to be valid by the
debt collector; (4) a statement that if the consumer notifies the
debt collector in writing
within the thirty - day period that the
debt, or any
portion thereof, is disputed, the
debt collector will obtain verification
of the
debt or a copy
of a judgment against the consumer and a copy
of such verification or judgment will be mailed to the consumer by the
debt collector; and (5) a statement that, upon the consumer's written request
within the thirty - day period, the
debt collector will provide the consumer with the name and address
of the original creditor, if different from the current creditor.
Net - net is defined as net working capital (current assets minus current liabilities) minus the long - term
portion of debt — i.e.,
debt with maturity
of greater than one year in the future (
debt coming due
within one year is part
of current liabilities).
(d) Except as otherwise provided by law, when any
debt is renewed or refinanced by any creditor or creditor's affiliate
within a period
of 90 days from the date the
debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit
of any unearned
portion of the original finance charge computed as
of the date
of such refinancing or renewal.
On and after January 1, 1997, except as otherwise provided by law, when any
debt is renewed or refinanced by any creditor or creditor's affiliate
within a period
of 120 days from the date the
debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit
of any unearned
portion of the original finance charge computed as
of the date
of such refinancing or renewal.
In case a
portion of your medical
debt is paid off
within your bankruptcy, the rest will be eliminated when you receive your discharge.
Instead
of giving up property, a debtor will repay all or a
portion of his
debt during the bankruptcy period and live
within a strict budget that is monitored closely by the bankruptcy trustee.