Sentences with phrase «then liquidated its assets»

Not exact matches

If that does not look realistic, then other options become one party buying the other out, closing the business and liquidating the assets for division, or even working on alternate days.

The reason is that if you were to default on your loan or miss several payments, then the bank would liquidate the assets as quick as possible at a lower price.

The trustee then gathers up all the assets, liquidates them, and determines a discharge plan.

If the debt is transferred to the estate, then it's the responsibility of the executor of the estate to liquidate any assets necessary to pay of the credit card debt.

If you don't need those funds (because, say, you're still liquidating taxable assets or because you're getting so much social security / pension money that you don't need much from that source) then it would be great to have some assets in a Roth that you don't have to touch.

I park the initial contribution and the CESG in a money market fund, which I then liquidate and buy four funds according to my asset allocation target (TD Canadian Bond Index eFund: 20 %, TD Canadian Index eFund: 20 %, TD US Index eFund: 35 %, TD International Index eFund: 25 %).

These funds are designed to last only for a few years and then liquidate when the underlying assets reach maturation.

Then the trustee or attorney who represents the court and the creditors will look at all the assets (house, car, furniture, equipment) anything of value and decide what must be liquidated to pay some of the debt that was wiped out.

Additionally, if you own a company, then the likelihood is that once you've been made bankrupt your business will be liquidated, any assets sold and any staff laid off.

The trustee is then allowed to liquidate certain bankruptcy estate assets to generate funds to repay creditors in priority order established by bankruptcy laws.

They can make appropriate contracts that will form a new company called Megacorp2016 that will take over all the ongoing business and assets except $ 1M in cash, and then liquidate Megacorp2015 and distribute it's assets (shares of Megacorp2016 and the «dividend») among themselves.

If you don't have the cash saved or you don't want to liquidate other assets then the only feasible way to purchase the Canadian home would be to obtain a mortgage or line of credit on your Mexican home, then exchange that money and use it to buy the Canadian property outright.

To move assets from an UGMA or UTMA account into a Franklin Templeton 529 College Savings Plan, the custodian of the UGMA or UTMA account must liquidate any securities in the account, then use the cash proceeds to invest in Franklin Templeton 529 College Savings Plan.

In Korea, there's been at least one case where one person hacked the account of another, liquidated his assets, and then waltzed off.

If you can't agree then the executor will be required to liquidate the assets and split the cash and / or put the assets in joint names; which makes you «partners» in the asset which you may not want to be.

If the life insurance policy collapses, or is insufficient, then you might have to liquidate other assets prematurely.

If you have to pay a large amount out of pocket then you may be forced to liquidate savings or other assets to cover something you insurance company could have covered.

When you liquidate your assets, you exchange them for cash that you and your ex-spouse then split.

Moreover, if your separation agreement incorporates non-dissipation language, then your spouse can't liquidate your bank accounts or any other assets that were acquired during the marriage.

Probate is the legal process that happens when a person dies and the executor must collect all assets, itemize all remaining debts and then liquidate all property to pay debts and distribute assets.