Sentences with phrase «seize your assets if»

US considering limits on China's tech investments The US Department of the Treasury is considering deploying a little - used law known as the International Emergency Economic Powers Act to potentially block transactions and seize assets if President Trump declares China's violation of US intellectual property rights a national emergency.

It differs from a mortgage, car loan, or secured loan in that the lender can not directly seize your assets if you fail to pay back the loan.

The lender can seize the asset if the borrower doesn't repay the debt according to the terms.

Not exact matches

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as collateral (house, car, investment accounts, etc.) can be seized by the bank.

If your business fails and is unable to make the loan payments, whatever personal assets posted by the owners as collateral can be seized by the bank, including houses, vehicles, investment accounts, etc..

If it refused to pay these penalties, at some point Uber's assets could be seized, although it's highly unlikely it would get to that point.

If you go into default on the loan, your lender will have the right to seize or foreclose on those assets.

If the business defaults on the loan, the lender then has the ability to seize the assets that we originally submitted as collateral.

That's because the courts can seize your personal assets if your business can't cover its debts.

This means that if the business owner fails to make a payment or goes into default, the bank can seize collateral such as business property, equipment, cash savings and deposits, and even personal assets.

Whereas banks can require personal collateral, such as your home, Lending Club requires only a UCC - 1 lien; this allows the company to seize certain business assets if you default.

«I've had clients of mine saying, «I don't know if I want to invest — not just in real estate, but in general — what if they seize my assets later?

In light of the new revelations, if no criminal prosecution is possible, the government could at least seize his UK assets, including his medal collection, and strip him of his British citizenship to spend the rest of his days in Belize.

The government secured an injunction against the strike at midday, warning the POA its assets could be seized and members arrested if they did not go back to work.

If you go into default on the loan, your lender will have the right to seize or foreclose on those assets.

If loan payments are not made, assets can be seized and sold by banks.

If you sign a personal guarantee for a business loan, the lender can seize your personal assets, such as real estate or vehicles, in the event of default.

In some cases, lenders require a «personal guarantee» from small business owners — a written promise that the borrower's personal assets can be seized if the company defaults on their debts.

This is beneficial to you as the borrower since it speeds up approval time and you don't have to put up an asset the lender can seize if you default.

Different laws about what can be seized in a lawsuit are enforced on a state - by - state basis, but most personal assets are at risk if you're found to be at fault for an accident and don't have adequate insurance.

If an individual declares a Chapter 7 Bankruptcy, most any assets, including any businesses owned, may be seized to repay creditors.

Generally, if you are on an installment agreement, the IRS will not seize your assets.

What if you get in an accident with your car, and then a law suit comes around and they decide to seize your assets?

It's very hard to seize a complete asset if only one out of 5 loan - takers defected.

If your business is in difficulty and is unable to make the loan payments, whatever personal assets you have posted as collateral (house, car, investment accounts, etc.) can be seized by the bank.

Because lenders have an asset they can seize if you fail to make your debt payments, the interest rate tends to be relatively low.

Even if Junior doesn't file bankruptcy, his judgment creditors may have many years to wait until Junior's finances improve — whether through inheritance or otherwise — then pounce on him and seize his assets.

Be careful with this option — if the IRS can't garnish your wages, it may try to seize your bank account or other assets.

Whereas banks can require personal collateral, such as your home, Lending Club requires only a UCC - 1 lien; this allows the company to seize certain business assets if you default.

Of course, if you do nothing the collection calls continue and you risk having your bank account seized, your assets taken, and having your wages garnisheed.

If you fail to make your payments on your debt consolidation loan, your lender can seize your asset in order to get its money back.

An unsecured creditor takes on more risk than a secured creditor because it does not have the ability to seize an asset right away if a borrower fails to repay the debt.

Non-recourse means if a borrower defaults on the loan, the issuer can seize the home asset, but can not seek any further compensation from the borrower — even if the collateral asset does not fully cover the full value of the loan.

If the credit card enters default, the creditor will be authorized to pursue your business for collection, but they won't be able to seize your assets to cover for it.

If you are behind on your mortgage payments or car loan you are still at risk of having these assets seized by your creditors.

It's important to be aware that if a borrower defaults on an unsecured loan, it is still possible for a lender to seize assets to recover their losses.

If an unsecured business loan has a blanket business lien, the lender is able to seize and sell assets belonging to a business to recover their losses.

These debts are considered unsecured because they are not tied to an asset that can be seized if payments aren't made.

While technically any money in your bank account is an asset to be surrendered to your bankruptcy trustee, in most cases your trustee will not automatically seize your bank account if...

If payments aren't made, the lender has the option of seizing the car, or other asset, and selling it to offset what the borrower owes on the personal loan.

They are being told they must act fast to deal with an outstanding tax debt owed to CRA and if they do not pay something right away their assets will be seized or they may go to jail.

If you stop making payments they can take action to «seize» the asset you pledged as security for the loan you received.

So, if you are unable to make timely payments, the lender can seize the asset you put up for collateral and your credit will take a hit.

The secured nature of the loan means if the borrower defaults on a loan then the lender has a means to recoup part or all of the outstanding balance by seizing and then selling the asset.

If your lender does seek legal action, and it wins, it can garnish your wages, seize your assets, or place liens on your property.

If no action is taken, the IRS may levy your wages, garnish your bank account or seize other assets.

If you have no wages to garnishee, or no assets to seize, there many be no benefit to a creditor taking you to court and suing you.

Though unsecured loans aren't tied to assets like houses and cars that can be seized if the loan isn't repaid, they are hardly without risk.

This doesn't mean you will be going to jail if you don't pay your debts, but what will happen is the collection agency will obtain a judgement from the court which gives them the ability to seize assets or garish wages.