Sentences with phrase «to pay off one's creditors»

One rate discount is given when borrowers use at least half of the loan to pay off creditors directly.

And, although a Consumer Proposal may in some cases pay off the creditors in full, in most cases they will be satisfied with a fraction of what they are owed.

It is necessary to organize your financial records, then develop a plan for paying off creditors.

You pay an affordable monthly installment, and then the company pays off your creditors with a lump sum.

Credit insurance pays off the creditor if you become disabled or should die.

After you're approved, the new credit card company pays off the creditors you listed on your application.

When late fees, penalties and mounting interest keep increasing your debt, your chances of paying off your creditors become more and more unlikely.

If the policy names the estate as the beneficiary, the estate will pay off all creditors before distributing any remaining money to the heirs.

You're property and possessions and some excess income pays off your creditors.

A consolidation loan can allow you to consolidate all of your debt with a single lender - who will in turn pay off your creditors and keep you out of bankruptcy.

The company may end up offering a debt management plan if you can set aside some money but the amounts aren't just enough to pay off all your creditors in full.

A trustee will sell the majority of your assets to help pay off creditors.

The Debt Management Plan Calculator provides a schedule for paying off your creditor accounts.

Once a partner pays off the creditor, he or she can seek «contribution» from the other partner (s).

Spyker declared bankruptcy on the 18th December 2014, but has since paid off creditors and now hopes to partner the US - based electric plane manufacturer.

Until now if you had a collection account that had been outstanding for some time and you were able to finally pay off the creditor it actually hurt your FICO score to do so.

If you have good credit or property to use as collateral, the debt consolidator may advice you to get a debt consolidation or home equity loan to pay off your creditors quickly.

If in year two, the company earns $ 13 million, it could then pay off the remaining obligation to Creditor B and begin paying off Creditor C.

If you think it's good business to raid your 401 (k) or IRA retirement accounts to stash away some money or pay off some creditors shortly before filing for bankruptcy, think again.

Doug Hoyes: And in most cases, if you hadn't gone bankrupt, you would have used your tax refund to pay off your creditors anyway, so it's kind of money that's gone.

If you make an out - of - the - ordinary payment to completely pay off a creditor, it is called a preferential transfer.

Otherwise future U.S. economic growth could be curtailed as U.S. resources increasingly go to paying off creditors rather than investing in the technology, infrastructure, and education that leads to future U.S. productivity growth.

You may be able to pay off your creditors directly when you get a loan through LendingClub.

The Minimum Payment Plan Calculator provides a schedule for paying off your creditor accounts.

A debt consolidation loan could stop wage garnishment if you take the proceeds and pay off the creditor in full.

1million to help pay off creditors, on the basis that the deal was likely to happen imminently and Begovic would join them as well as Kaboul.

You can use the sales proceeds to pay off a creditor with a superior interest to the IRS.

[37] This radically altered the historic process of paying off creditors and did so just a few years prior to trillions of dollars in assets going into liquidation as a consequence of bankruptcies following from the global financial crisis of 2008.

A trustee of defunct Tokyo bitcoin exchange Mt. Gox sold roughly $ 400 million worth of the digital currency to pay off creditors, according to documents published last week.

A trustee of defunct Tokyo bitcoin exchange Mt. Gox sold more than 35,000 bitcoin, worth about $ 400 million at the time, to pay off creditors, according to details of the sale published by a company trustee last week.

Variations on this theme include making formal or informal arrangements to pay off your creditors, filing for voluntary liquidation, and declaring bankruptcy.

During the 15-1/2 - month bankruptcy process, the city even considered selling its historic collection at the Detroit Institute of Arts in order to pay off creditors.

Any excess could go to pay off creditors.

It's also worth noting that while federal law governs bankruptcy, there are some differences among states regarding what property can not be sold to pay off creditors.

Believe it or not, «that can be a good time to borrow money,» Ritter says,» if you can use it to pay off creditors and improve cash flow.»

The rate discounts are given when you add a co-borrower who has sufficient income to support loan repayment, you use at least 50 % of the loan to directly pay off creditors, or you have at least $ 40,000 in retirement savings.

FreedomPlus rewards borrowers for using the loan to directly pay off creditors, making it an attractive choice for debt consolidation.

The trustee of the bankruptcy liquidation, Nobuaki Kobayashi was in charge of selling the bitcoins at current market prices to pay off creditors.

LendingClub also allows joint applications, and in some cases, the company will directly pay off your creditors for you.

The company offers rate discounts to borrowers who use at least half their loan to directly pay off their creditors.

Another discount is given when you use at least 50 % of the loan to directly pay off creditors.

Discover personal loans are a good choice for debt consolidation, as you can pay off your creditors directly and the interest rates on the loan are fixed.

Their founder was Peter Waldo, a rich merchant of Lyons who, seeking salvation, in 1176 took to heart the advice of Jesus to the rich young ruler, paid off his creditors, provided for his wife and children, gave the remainder to the poor, began begging his daily bread, and traversed the countryside and the cities preaching the Gospel as he found it in a vernacular translation of the New Testament.

Winding up is the process of selling all the assets of a business, paying off creditors, distributing any remaining assets to the shareholders and then dissolving the business.

These are just a few things that you will need to know if you are to be successful in paying off your creditors to any degree.

The program requires you to deposit money with a credit counseling agency and they use the deposit to pay off your creditors, on your behalf.

Freedom Plus and Wells Fargo also offer good - credit borrowers the option to pay off creditors directly.