Sentences with phrase «to satisfy the debt»

There are tax implications when satisfying a debt obligation for less than what was owed.

You will also need to personally guarantee your loan, which makes you responsible for satisfying the debt if your business is unable to.

Still, bankruptcy is a legal procedure that offers a fresh start for people who have gotten into financial difficulty and can't satisfy their debts.

What you want in writing: an assurance that the person you are dealing with has the authority to negotiate and that the amount you agree to will satisfy the debt in full.

You will also need to personally guarantee your loan, which makes you responsible for satisfying the debt if your business is unable to.

(Borrowers must satisfy the debt service ratios with the interest rate on a three - year fixed even if they opt for a variable - rate mortgage).

When this occurred the unfortunate man was compelled by law to satisfy these debts by working for the same contractor at the same prices the following year.

The negotiated amount is what you need to pay in order to satisfy your debt so that legally you don't owe it any more.

The shorter period for Chapter 13 rewards you for doing something to help satisfy the debt.

As for real estate, probate laws and courts provides a way for someone else to transfer assets, including real estate, subject satisfying any debts that you've incurred prior to passing.

However, it is hard to restore your credit and not satisfy your debts.

The trustee must be impartial in this arrangement because he must be prepared to sell the property to satisfy the debt if the borrower defaults.

Backup withholding is the amount of money withheld by the Fiscal Service to satisfy debts owed by the taxpayer to the IRS.

Since He knew that we could never obey Him well enough or give Him a sacrifice good enough to fully satisfy our debt, He sent Jesus to pay the penalty instead.

But remember that securing approval with poor credit scores is conditional on satisfying the debt - to - income ratio, which states no more than 40 % of available income can be committed to repayments on a new loan.

The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.

If there's no prenup, creditors can sometimes turn to marital or community property to satisfy the debts of just one spouse.

The executor of your estate — either the person designated by your will or appointed by a court — will make payments to satisfy your debts with what is available in your estate.

The assets of the individual will be reviewed and possibly liquidated in order to satisfy debts as a part of a bankruptcy proceeding.

More holding company liquidity out of thin air: receiving a $ 800 million loan from American General Finance, a wholly owned subsidiary, in exchange for giving the subsidiary $ 600 million in capital to satisfy a debt covenant.

Please satisfy any debts before registration.

Collection agencies are not diligent about reporting satisfied debts.

Flash - forward a few years, and Han has joined a crew — led by the eternally cynical Tobias Beckett (Woody Harrelson)-- trying to pull off a daring heist, the proceeds of which will satisfy a debt owed to a high - living gangster, Dryden Vos (Paul Bettany).

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

Sometimes it is possible to negotiate with bank (s) that hold the mortgage (s) to arrange a payment amount that is less than the amount owed to fully satisfy the debt.

Bankruptcy discharge, also known as bankruptcy injunction, is an order from the court permanently disallowing any creditor to attempt to satisfy a debt against a person or business.

Nielsen v Baldorino [2016] EWHC 1399 (Comm)-RRB-; claims brought to recover assets held on purported trusts to satisfy the debts of the settlor; and a series of insolvency claims arising from the dissipation of a company's assets by a director and his associates.

If the business fails, the owner may have to sell his or her house and other goods to satisfy its debts.

The provisions of Chapter 11 of the U.S. Bankruptcy Code allow businesses to find ways to reduce their debt and restructure their operations without having to be shut down and liquidated to satisfy debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptcy court).

And if you don't pay back the taxes for a long time, the government will eventually enforce the lien by seizing and selling your property to satisfy the debt.

Traditional lenders, like banks, typically look for secure assets like real estate or equipment as collateral; although anything of value the lender can sell to satisfy your debt should you default might be accepted — depending on the lender.

(iv) causing Biestek to transfer 20,000 Fearnow Shares to Koestler to satisfy a debt that Shkreli owed personally to Koestler;

This means that if your business can not pay back the loan, the lender reserves the right to take possession of your business assets to satisfy the debt.

The IRS can seize your home, car, income, bank account, tax refunds, retirement accounts or Social Security payments to satisfy the debt.

The traditional view holds that Jesus took the sin of humanity upon Himself and thereby paid the price (satisfied the debt) or in your terms «purchased the forgiveness of sins.»

Anselm's theory, stated in his classic Cur Deus Homo, runs as follows: because we can not satisfy God's honor, which our sin has violated, Christ volunteered to become human and die for us — thus making good our past disobedience and satisfying our debt to God.

The embattled business is once again in court and has appeared to be orally examined by the Attorney General's office on issues pertaining to whether he owes any debts and has property to satisfy the debt, and the manner in which he used the judgment debt money paid him, among others.

Indications from the AG's office were that, the examination would encompass issues pertaining to whether he owed any debts, whether he has property to satisfy the debt, and the manner in which he used the judgment debt money paid him, among others.

«More than 30 days has elapsed since demand for payment was made upon the debtor and Debtor has failed to satisfy the debt,» prosecutors wrote.

If the judge orders you to make payments to satisfy the debt and you ignore the court's order, this is contempt of court and can result in jail time.

The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts.

This negotiation allows you to make affordable payments and gets some or all the money to the creditor to satisfy your debt.

Just as you did when you first took out your home loan, you'll need to meet credit qualifications and satisfy debt - to - income ratio tests, and the home must be appraised to determine how much equity is in the property.

Tell them that you want to satisfy the debt, but you can not afford their payments, so you need to make smaller payments over a longer time.

Sallie Mae may offer her a settlement of about 50 % of the loan balance to satisfy the debt but those offers seem to be generated by a Sallie Mae internal process and not by debtors requesting to settle.