Sentences with phrase «to repay all of one's debts»

In a consumer proposal, you do not necessarily repay all of your debts in full.
I've been making payments every month for X months, and I have a plan to repay all of this debt within Y months.
A debt management program is plan to repay all of your debt over a period of time.
In general the vast majority of people that enroll in a credit counseling program do not repay all of their debt through the program.
A Chapter 13 bankruptcy involves repaying some of your debts to have the rest forgiven.
When you start declaring that you are bankrupt, what you are saying to your creditors is that you can not possibly ever repay all of your debt.
Under chapter 13 you propose to the court repayment plan to repay all of your debt including your student loans.
You can't afford to repay all of your debts any longer.
Now, let's suppose you made a plan to repay all of your debt in 5 years.
I've been making payments every month for 5 months, and I have a plan to repay all of these debts within 25 months.
The company could repay all of its debt with cash on hand and two years of earnings before interest and taxes (EBIT).
If a review of the case shows that the person should be able to repay some of their debts based on their income, then the person will not be able to declare Chapter 7 bankruptcy and will have to apply for Chapter 13 bankruptcy and repay a portion of their debt.
Marion found out that even if he couldn't afford to repay all of the debts in full right away, he might not have to suffer poor credit for years while the collections aged off his report (seven years and 180 days past the date of delinquency).
As a general rule, if you can afford to repay all of your debts over a three to five year period or less, then a Debt Consolidation loan is probably the correct option for you.
And if bankruptcy involved repaying some of the debts, then it is possible to apply for a VA home loan immediately.
For us to refer you, you need to be able to pay at least # 5 a month to each of your debts, and to repay all of your debts within 10 years.
As of the end of FY 2014, Hershey's debt level was $ 2.19 B. Based on the average net income of the last 3 years, $ 776.1 M, HSY could use its cash stockpile of $ 375 M and repay all of its debt with 2.33 years worth of net income if they desired.
You assume that there was any intention of the US government to repay any of the debt.
In a debt management plan you generally have to repay all of your debts.
In a debt management plan you repay all of your debts in full, but generally at a reduced or zero interest rate.
The total monthly payment amount might go down, but total amount of interest paid and the length of time to repay all of the debt will likely rise.
When circumstances make debt repayment difficult or impossible, it is a way to show creditors that you are responsible and want to repay some of your debt.
The means test was put in place to make it more difficult to file Chapter 7 bankruptcy when debtors have the disposable income to repay some of their debts.
It can be a good idea for you to have it recorded on your report, since you will then also have its completion recorded, showing those who look that you made successful efforts to repay all of your debt.
While some insolvent persons want to file a consumer proposal to repay some of their debts, it may not make sense financially for their situation.
It may be because they think you have the ability to repay some of your debts or maybe they think there is missing information on your bankruptcy papers.
If you filed Chapter 13 bankruptcy, you probably have a court - approved plan to repay some of your debts.
Debt consolidation refers to the process of borrowing money to repay all of your debts, leaving you with one monthly, manageable payment.
You repay all of your debts in full over a two to five year period, often with little or no interest charges.
If your home has increased in value, you might be able to use a mortgage to repay some of your debts.
It's good to repay all of your debt, of course, but it's okay to make repaying the mortgage a long - term goal instead of lumping it in with your debt snowball.
Debt consolidation allows you to take out a single loan to repay all of your debts.
For people that don't understand it: consolidation loan, you go to a bank you get a line of credit or a loan to repay all of your debts.
The spare money can be used to repay some of your debt, whilst the money you'll save on monthly mortgage repayments will also contribute to paying it off.
It really comes down to how much you can afford to repay of the debt.
For us to refer you, you will usually need to be able to pay each of your non-priority debts at least # 5 a month, and be able to repay all of your debts within 10 years.
If the person files for Chapter 7 bankruptcy, nearly all of their unsecured debts will be erased, but some of their property may be seized to repay some of the debt.
You do not have to repay all of your debt.
Example 1: If you owe money on a line of credit, four credit cards, and a finance company loan, you may be able to get a debt consolidation loan to repay all of your debts, so that you only have one payment instead of six payments each month.
These plans are a way to repay some of your debt, while avoiding personal bankruptcy.
If you have $ 10,000 in debts and you can afford to repay $ 500 per month, under your debt management plan you will repay all of your debts in 20 months.
In this scenario, you repay all of your debt through a debt management plan with payments agreed upon by you and your counselor.
Debt management plans are designed for people who can afford to repay all of their debt over a period of time, but are unable to qualify for a debt consolidation loan, and require a period of time to make the repayments.
In exchange, some of your possessions could be sold to repay some of your debts.
However, that volume is expected to drop to $ 124 billion by 2014 as Fannie and Freddie starts to repay some of that debt.
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