Sentences with phrase «restructure debts because»

That means that six out of every ten people who filed bankruptcy when George W. Bush was still president and I was still closer to age 18 than age 40 had to restructure debts because of a medical issue.

Not exact matches

That's because while declaring bankruptcy would help the sunny Caribbean island restructure and reduce its $ 72 billion debt load, it wouldn't help Puerto Rico slim down its costly government operations in order to avoid getting in trouble again.

A large share of Italian debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.

Sovereign debt crises tend to be messy and drawn - out — as Greece has shown — because the world lacks a global bankruptcy process to restructure debts that governments can't pay.

«I think the I.M.F. raising the debt sustainability issue as clearly as they did, the United States making clear that sustainability had to be dealt with, was a helpful contribution to the conversation, because without dealing with some form of debt restructuring, this problem will just come right back,» a senior United States Treasury official said on Thursday, as Treasury Secretary Jack Lew traveled through Europe.

Potential reputational risk associated with owning Remington could also complicate the company's negotiations with its creditors, because in a debt restructuring companies often offer equity as an incentive for debt forgiveness, the sources said.

That's likely because any restructuring deal that could conceivably return the company to health required such a massive write - down in debt that debtholders hoped to get more of their money back by simply selling off the company's assets.

The firm also avoids subordinated - debt tranches, which are often wiped out in restructurings and pools with lots of smaller mortgages, because the high fixed closing costs often deter refinancing of such debt.

Governor Bruce Rauner's recent pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start over, restructure its past debt, and reform its pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).

Thus far, we've got a strong rally off the recent trough, with uninspiring sponsorship but good breadth, reasonable but not strikingly attractive valuations, and an overhang of increasingly distressed mortgage and non-residential debt that looks like Armageddon Part II in the offing, because we are doing nothing to restructure it.

Because Chapter 13 requires that you make your regular mortgage payment, plus some to catch up the back payments, it may not be ideal for those whose income has decreased, unless there are other debts that can be restructured to make up the shortfall.

However, in Wednesday's report, Kerrisdale Capital said its research leads it to believe that Kodak won't be able to compete with other blockchains startups, because «it's staring at the possibility of default and a debt restructuring in the next 12 - 18 months.»

Apparel and accessories chains including J. Crew Group Inc., Claire's Stores Inc., Nine West Holdings Inc. are already on creditors» radar because, like the toy retailer, they have large debt loads, looming maturities, and weakening results that could force a restructuring at some point.