Sentences with phrase «resolutions of debtor»

Not exact matches

While the Fair Debt Collection Practices Act of 1977 prevents debt collectors from harassing the debtor with excessive telephone calls, calling in the middle of the night or threatening the debtor, these phone calls typically do not stop until some resolution is made on the debt.

Debt settlement is a process used by both creditors as well as the debtor to negotiate a resolution of existing money owed by law in order to avoid bankruptcy and the additional adverse effects on the debtor's credit rating it can bring.

Advice on debt and money management A one - on - one discussion of debtors» financial predicament Negotiation with credit card companies to lower interest rate and eliminate late fees Development of a personalized plan for resolution of monetary issues

Penalty abatement: Through this tax debt resolution method, a tax debtor challenges interest and penalties for a specific length of time.

Walid Azzam, Partner, and Karim Mahmoud, Associate, in Hadef & Partners Dispute Resolution team, discuss the recovery of funds due to a debtor from third parties using garnishment applications.

For this reason, in most cases, a team of professionals, including a workout advisor, tax professional and legal counsel, should be consulted to help understand the objectives and likely resolution strategies of the special servicer and to develop an action plan that protects and preserves the valuable indemnification rights and financial interest of the debtor and equity holders.