If the creditor accepts your offer, make sure they also agree to cancel
the remaining portion of your debt.
Not exact matches
Since the minimum monthly payment is reduced to only a
portion of interest costs, the
remaining debt is forgiven after 10 years but is not taxed, unlike the 20 + year taxable loan forgiveness provision.
In this type
of bankruptcy, generally the courts allow you to repay a
portion of your
debt over three to five years, and the
remaining debt is discharged.
This difference can be especially relevant to refinancing, because if you lengthen out the time
remaining on your mortgage
debt, it is likely to mean that interest is a greater
portion of your monthly payment — and therefore, more
of that payment would be deductible.
The Plaintiff has a desire to repay all or some
portion of her educational loan
debt, however, due to the Plaintiff's disability she is and will
remain unable to repay her educational
debt including accrued interest.
However, if $ 50,000
of that amount is used to improve your home (a new bathroom, kitchen renovation), that
portion would be deductible via your «Home Acquisition
Debt» and the
remaining $ 100,000 would be deductible under your «Home Equity
Debt.»
The
remaining $ 25 shortfall will be added to your
debt — thereby increasing the
debt portion of your total
debt service ratio.
When federal agencies publish
debt figures, those figures usually include only the
portion of the original principal balance
remaining.
«Residue» is a term to describe the
portion of your estate that
remains after all
debts, expenses, and specific bequests to others have first been satisfied.
The firm proposed a deal that was tax efficient and acceptable to the majority
of investors, and assisted in negotiations to balance the interests
of lenders while at the same time wiping out a significant
portion of the company's
debt, to ensure it
remained solvent.
Here's the good news: Once your estate has been completely exhausted, your creditors have very little recourse if there's any
debt remaining; technically, this means a
portion of your
debt does actually die off with you.
A
portion of the premium paid by the policyholder is utilized to provide insurance coverage to the policyholder and the
remaining portion is invested in equity and
debt instruments.
Combining insurance and investment, a
portion of the premium goes towards providing a life cover, whereas the
remaining is invested in equity and
debt.
Some part
of the premium paid is utilized to offer insurance cover to the policy holder while the
remaining portion is invested in various equity and
debt schemes.
A part
of the premium paid is utilized to provide insurance cover to the policy holder while the
remaining portion is invested in various equity and
debt schemes.