Sentences with phrase «view of debtor»

Not exact matches

As Gunnar Tomasson has observed: «The Creditary View of Money holds that what ultimately gives money value is the Debtor's ability to honor the terms of his Loan Contract.»

The tools that creditors may use to enforce judgments vary from state to state, and California allows one of the worst ones, at least from a debtor's point of view: wage garnishment.

As part of a Chapter 13 action, in which the court orders a repayment plan for the debtor to complete over several years, the second mortgage is stripped from the home and viewed in the same way as unsecured debt, such as credit card and medical bills.

But the solution, in Biden's view, was not to strip out the section of the bankruptcy bill that cracked down on student debtors.

From the debtor's point of view it makes sense because he can actually afford this.

In view of the fact that current interest rates are at a historic low, it is an ideal time for debtors to obtain a credit card debt consolidation loan.

From creditor's point of views, this is an incentive to negotiate, which is better than forcing a debtor into bankruptcy.

The judge took the view that there was nothing objectionable in the granting of the ex parte order for recognition of the Award since this is the procedure provided in Part 43 of the Rules of the DIFC Courts and there is authority in both England and Australia that this is justifiable where the debtor under the Award is a state.

In his view, Lord Mance said the Court of Appeal had erred with its justification that an enforcing court could make the decision, under the provisions of s103 and article V of the New York Convention, of an issue raised under either subsection, conditional upon the provision of security by the award debtor in respect of the award, there were no such provisions in either s103 nor article V.

A Company Voluntary Agreement (CVA) provides a company (Debtor) experiencing financial difficulties with a quick and flexible way of essentially restructuring its debts with unsecured creditors with a view to continuing its business.

The few cases identified in Quebec and touching upon this concept generally took the view that this concept could be seen as requiring the debtor of an obligation of means to use somewhat greater efforts than is generally required at law, but without going so far as requiring it to use «unreasonable» means in doing so.

Those serving demands without the benefit of a judgment should also bear in mind that the courts have taken a dim view of creditors who use the process merely as a threat to the debtor with no intention of following the matter through to the bankruptcy stage.