Italy is attractive for us in terms of the size of
its unsecured debt sale market and potential returns.
Not exact matches
Because the business plan is funded through internally generated cash flows and opportunistic asset
sales, Brixmor's focus (from a balance sheet perspective) is on continuing to extend its weighted average
debt and opportunistically accessing the
unsecured markets to drive EBITDA growth.
The secured
debt gets paid out as much as possible from the property's
sale, and any shortfall is
unsecured, and therefore eligible for discharge in any insolvency proceeding.
The court would then allocate the proceeds from the
sales to your
unsecured creditors to partially satisfy the owed
debts.
The secured
debt can convert to an
unsecured one after the
sale.
Because the debtor will still be responsible to pay some of his or her
unsecured debt through the plan, a short
sale that slashes this
debt before bankruptcy remains beneficial.
Therefore, if a borrower can negotiate a short
sale prior to filing for Chapter 13 bankruptcy, she will reduce her plan payment by reducing her
unsecured debt.
Commercial
debt, also known as trade
debt, is secured or
unsecured debt owed by one business to another as a result of the
sale or provision of goods or services by the creditor to the debtor.