He signed an agreement to borrow a 75 million euro two-year loan syndicated by 18 banks, an unprecedented number of creditors for Bulgaria. |
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The fact that the debts are not secured on your house means that creditors do not have any automatic right to take your house in lieu of payment. |
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He said the company would work with the liquidator on ways to discharge its debts to creditors. |
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No-one was in any doubt that the best option for creditors was the appointment of an examiner, rather than a liquidator. |
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As noted above, an unregistered company charge is void as against both subsequent creditors and the liquidator and administrator. |
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A liquidator would also be obliged to notify creditors before selling assets to a former director. |
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It depends on the value of the available assets and the amounts due to the other creditors. |
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It may be thought unfair to creditors that the asset represented by future pension rights should not be attachable. |
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Mr Jones was unable to attend the meeting of creditors as he is in hospital undergoing tests and awaiting heart surgery. |
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The firm attributed the profit to rising prices and lower interest payments to its creditors. |
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This measure would keep its creditors at bay until it can find a satisfactory solution to its troubles. |
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Basically they have taken too much debt and are currently restructuring in order to satisfy their creditors. |
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He wants to carry out social reforms, but he has to keep public finances in order to satisfy international creditors. |
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In the spring of 1997 he and Coleman devised a private plan to satisfy his creditors. |
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It was the applicant's choice to obtain the loan to satisfy some of his creditors. |
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The company will also negotiate separately with existing bondholders and intends to satisfy all other creditors. |
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It also appears that his shares are going to be woefully inadequate to satisfy his creditors. |
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Will the company continue to operate while it attempts to restructure to satisfy creditors? |
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Inflation reduced the debts of all borrowers, including the state, companies, and farmers, at the cost of creditors, savers, and banks. |
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Other financial maneuvers can be made that hurt small unsecured creditors by leaving less money on the table. |
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First, the techniques of self-help may create scope for opportunism on the part of secured as against unsecured creditors. |
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But we will provide more effective protection against the small minority of bankrupts who abuse their creditors and the public. |
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But there will be tough new measures for the minority of bankrupts who take advantage of their creditors. |
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Two-thirds of recent bankrupts have gone down this route whereas, in the past, most people were forced into bankruptcy by their creditors. |
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It is true that Western creditors have announced forgiveness of a substantial amount of their share of the debt. |
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Desperately needed resources are draining out of the world's poorest countries in debt repayments to rich creditors. |
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The southern belle is forced to leave her home town in Mississippi following the loss of her family estate to creditors. |
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And I told my creditors that we needed to give these people 10 days of severance, even though that would deplete the rest of our cash. |
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Streamline, founded in 1993, plans to sell its assets to pay off creditors and provide severance to staff. |
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She started falling behind on her payments and one of her creditors, Spiegel, canceled her card. |
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But the statute provides that sales in bulk shall be presumed to be fraudulent and void as against creditors of the transferrer. |
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If up until that time, you have maintained your payments without problem, your creditors may be mindful to accept such changes. |
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With respect to other creditors of the purported mortgagor, the analysis would be that, as regards them, no mortgage had been given. |
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The government, meanwhile, is burdened with a debt to rich creditors so mountainous it can simply never be repaid. |
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The reorganization plan must be accepted by the creditors, bondholders and stockholders and confirmed by the court. |
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As bondholders, the investors would merely be creditors of the company, rather than members of it. |
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She said recoveries for bondholders and other unsecured creditors would be about 0.2 per cent less than earlier estimates. |
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The other creditors who hold no collateral would get the proceed from the sale of the remaining unpledged assets. |
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They are assumed to share a ratable claim on the unpledged value of the company with other unsecured creditors. |
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That recommendation would be put to a meeting of unsecured creditors in Perth next Wednesday. |
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Ashley will have to wait until the administration is concluded and see if there are any funds for unsecured creditors like him. |
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Warranty holders will join the queue of unsecured creditors of the company which went into administration in September. |
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He said holders would rank as unsecured creditors in the Company Voluntary Arrangement document which is to be circulated to creditors soon. |
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The prospectus spells out that bondholders rank ahead only of unsecured creditors and the shareholders. |
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More than six years after a York travel and hotel company collapsed, unsecured creditors are finally set to get some of their money back. |
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That figure includes millions owed to a number of unsecured creditors, many of whom are small Canadian publishers. |
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Any money left over will go to the unsecured creditors, which includes the City Council. |
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Otherwise, should the company fail, you must join the line of unsecured creditors and will be unlikely to see any money back. |
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The arrangement is expected to return 75 cents in the dollar to GBC's unsecured creditors. |
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He said there was nearly E60 million owed to 2,400 unsecured creditors of the company. |
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You drastically cut back on basic necessities such as food or travel to pay creditors. |
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A few months later, the guy who owned and operated the company upped and vanished to avoid a legion of creditors, and has not been seen since. |
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Here are snapshots of three who took on companies in trouble, faced angry creditors, got their egos bruised, but might do it all over again. |
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The goal can be to avoid a bankruptcy filing, emerge from bankruptcy, or simply to sell the company or its noncore assets off for creditors. |
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His lavish past has left its mark financially, and the creditors are now tightening the metaphorical noose. |
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The effort shows that the government is serious about forcing creditors to take a haircut on their loans and bondholdings if need be. |
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Such a loss, it is argued, would prompt America's creditors to start calling in the debt. |
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But even after the deal, there would be a cash shortfall and creditors will not receive full payment of their debts. |
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The woman found herself being chased by creditors after the Salvation Army member left the home he once shared with her in Walcot. |
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When a company files for Chapter 11, that company is assigned a committee that represents the interests of creditors and stockholders. |
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And, in any event, the banks are at the head of the queue, so other creditors are unlikely to see a penny. |
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Often a small business will find that it is unable to repay creditors due to a cash flow crunch. |
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That clause allows creditors the choice to elect for this legislation to apply to contracts that existed prior to this law coming into force. |
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Fung said that among those claiming priority over other creditors were fuel suppliers, the previous charterers, ship chandlers and stevedores. |
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Supersensitive about his reputation as a minister, he was being sued by creditors, sought by the sheriff, even threatened with jail. |
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None will ever return to the North Sea and what money they do get will most likely be swallowed up by creditors. |
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Sometimes the creditors will include the parent company or the subsidiary next up the line. |
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And foreign creditors are getting a double whammy, as bond prices have begun to fall in sympathy with the dollar. |
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Every month you send the agency a single payment that is portioned out to each of your creditors until your debts are paid off. |
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For more than a year he secretly used cash from the bank's coffers to keep his creditors at bay. |
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What's more, his failed business schemes kept the family one step ahead of the creditors. |
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It was one of the most high profile Scottish business failures of recent years and left millions owing to creditors. |
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However, if the firm went bust, the directors would be forced to liquidate their personal assets to pay creditors. |
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You might even be forced to liquidate personal assets to pay off creditors. |
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If they are successful, the petitioner and general body of creditors will benefit. |
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Only eight of the world's most impoverished countries have seen a significant cut in their payments to Western creditors. |
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The creditors said that the bond indenture allowed a foreclosure on the company's assets in lieu of repayment. |
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On 3 June 1994 his proposals for an individual voluntary arrangement were rejected by his creditors. |
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Always on the run from creditors, the baron fetched up in Naples a year before Hamilton arrived. |
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The new shareholder has declared the intention to conclude agreements with the plant's creditors and restore the production. |
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The meeting is being held in private, with only creditors allowed to attend. |
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The ship was only one of a number of assets that were sold off at fire sale prices to pay off his creditors. |
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As part of the firm's service, if an IVA is appropriate for a customer, it will negotiate on their behalf with their creditors. |
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The majority of creditors are large corporations and insurance and reinsurance companies. |
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I now realised that I had no way of keeping up my payments to my creditors and the debt management companies. |
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The company met with creditors this week to discuss its business strategy for the next three years. |
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Corporations in need of funds have to convince creditors to lend them money. |
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If your name is on any of the letters, write to the creditors for copies of your credit agreements. |
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The retailer may then transfer that value electronically either to his creditors or to his bank account. |
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Shortly after this, the company goes into liquidation and there is not enough money to pay the creditors. |
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If you make arrangements to pay some creditors but not others, you could run into difficulties again. |
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In most cases, bankrupts will have to make payments to creditors from their income for three years. |
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You can then work out how much to offer to pay each of your creditors on a monthly basis so they each get a share of your available income. |
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It means that you can make a formal proposal to your creditors to pay part or all of your debts. |
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Presumably I shall be low down the list when it comes to settling creditors. |
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Once you have dealt with your priority creditors, write to all your other creditors. |
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Profits from the new company would be used to pay back farmer creditors some of the money due to them. |
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The payment had the effect of conferring a preference, priority or advantage on those creditors over the other creditors. |
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As an unsecured creditor, your claim would be dealt with after the claims of preferential and secured creditors. |
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The trustee must act as a neutral third party as between the debtors and creditors. |
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Defaults are always painful, for debtors and creditors alike. And so they should be. |
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These funds in turn are used to prioritise debt repayments to domestic and foreign creditors. |
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If consumers are the losers, creditors, including retail giants, banks and mortgage companies, are the clear winners. |
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The fairest way of doing this is by making pro-rata payments so that creditors are paid in proportion to what they are owed. |
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Did he say that he had suddenly come into some funds before October after denuding his fund for paying the creditors, or what? |
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With the effluxion of 42 years, it has been difficult to contact many of the creditors with death, bankruptcies and relocations intervening. |
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The payment of a debt to one of a number of joint creditors discharges a debt owed to them jointly. |
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That's because the man that gulled him has a very, very long line of creditors. |
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The three C's that credit creditors look at when determining their qualification are capacity, character, and collateral. |
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But it is a policy that must be pursued on the quiet so as not to spook the country's growing legion of foreign creditors. |
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The liquidator was entitled to claim the funds in the joint account on behalf of MG's creditors. |
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It allows people to welsh on their debts, and it is telling that creditors who submitted were unanimously opposed to this. |
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Angry creditors have been left owed thousands of pounds after a Yorkshire estate agent went into administration, it emerged yesterday. |
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All unsecured creditors are treated equally and they will have to share any remaining funds rateably between them. |
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Under the terms of the agreed plan, secured creditors will receive a small proportion of the money owed. |
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The CVA needs to win support from creditors holding at least 75 per cent of the total debt when it is voted upon. |
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After all, the creditors should also pay the costs of their reckless credit decisions. |
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Financial business was disrupted as debtors died and their creditors found themselves without recourse. |
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He believes there are creditors and shareholders who believe the club's worth cannot be summed up in a profit and loss account. |
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He tried juggling things himself, renegotiating payment terms with creditors. |
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There are physiological repercussions from constantly being anxious about calls from creditors or a visit from the repo man. |
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This leads to the possibility of the US repudiating its existing debt obligations to external creditors. |
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Many creditors lost a lot of money and players went unpaid while debts were rescheduled. |
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Nonetheless, despite this demonstrable improvement of position for domestic support creditors, a residual argument remains. |
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In 1805, as creditors circled, he boarded a ship for Philadelphia and never saw Europe again. |
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A bankruptcy judge would divide the available resources among the creditors. |
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When they cannot pay their creditors, debtor nations have little choice but to seek debt restructuring or new loans. |
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The key ability was to be able to liaise between the creditors and the banks. |
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What we have not done is ask whether self-help can sensibly be relied upon to deal with all the problems that limited liability causes for creditors. |
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At some point our Asian creditors will wake up and smell the coffee. |
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He traveled the colonies, from New York to Maryland, cleaning timepieces, working as a tinsmith, and barely keeping beyond the reach of his creditors. |
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Based on your income and debt, certified credit counselors will contact and negotiate with all your creditors to agree on a consolidated monthly payment amount. |
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Their overwhelming priority is to protect the purchasing power of incumbent creditors. |
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But we have to take into account the interests of creditors, trading counterparties and contractors in the continued development of restructuring. |
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Is it to secure a rateable distribution of assets amongst creditors? |
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Provided creditors agree, and the debtor keeps up with the payments laid out in the trust deed, he will usually be discharged from any remaining debt after three years. |
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Not answering your phone does not make creditors forgive the debt. |
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Very many people can quickly find themselves in a difficult financial situation, facing a dauntingly large number of monthly demands for payment from different creditors. |
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Some debts are written off, although creditors are reluctant to do so. |
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None of the team's assets, including its Milton Keynes headquarters, is mortgaged to banks or creditors, and the 300 staff are skilled and committed. |
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Unable to meet their current interest payments, they have been forced to reschedule debts and seek large-scale relief from private creditors and aid donors. |
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It tends to obscure the problem rather than highlight it, because we do not try and suggest that a company becomes a trustee for the creditors upon the winding-up. |
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It enables any transaction at an undervalue to be avoided by the trustee in bankruptcy, if it was made with the intention of defeating the claims of creditors. |
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But now, having pushed through the required changes to keep itself alive, it is the bondholders and creditors who have emerged triumphant and in pocket. |
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But the outcome for shareholders is generally desperate because their interests tend to be heavily diluted by the issue of new equity to the creditors. |
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The sellers will have to show that the selling entities received fair value and that the transaction had economic substance above and beyond merely stiffing their creditors. |
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If the company were forced into bankruptcy or left open to a major claim, the personal assets of the directors could be appropriated to pay off creditors. |
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To judge of the perfection of debtors by the numerosity of their creditors is the readiest way for entering into the mysteries of practical arithmetic. |
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Orr filed for bankruptcy because he got nowhere in his direct negotiations with creditors. |
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Under UK insolvency law they're last in line to be paid when businesses are wound up behind former staff, secured creditors, liquidators and the tax man. |
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Robert Rubin, on the other hand, believed it probably wasn't such a great idea for the world's largest debtor to threaten to repay its creditors with funny money. |
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Debtors will be much more able to give creditors the runaround by using illness, injury, loss of employment, or the end of a relationship to have the terms changed. |
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And unsecured creditors are always at the bottom of the totem pole. |
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Private compositions required the debtor to turn over all their assets, usually less a few exempted items such as bedding, for distribution among creditors. |
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Under the Trust's proposed company voluntary arrangement, the unsecured creditors of the cash-strapped club can only expect a fraction, if anything, of what they are owed. |
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The Winters made no protest, and the court ordered the company's profits garnished, upon which the creditors then sued the garnishee for even more money. |
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The lawsuit has been put on hold by the administration order which protects a company from its creditors and gives it time to put together a rescue package. |
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For any such deal to be agreed, however, there has to be a majority above 75 per cent of the value of the creditors either attending the meeting or voting by proxy. |
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Mr Longbottom said many smaller firms in the district had suffered due to the effects of larger PLCs going into liquidation and failing to pay unsecured creditors. |
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He said that preferential creditors, including the Revenue, would be paid first, followed by secured creditors, including debentures and any property costs. |
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So far, the car manufacturer has managed to cut only 2,400 jobs, largely through voluntary redundancies and this is not enough to satisfy its creditors. |
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A portion of their land was seized and sold to satisfy their creditors, and shortly thereafter they sold the rest of their land, apparently out of dire necessity. |
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One provision makes it easier for the Central Bank to force insolvent institutions into bankruptcy, giving investors and creditors a legal framework for recovering assets. |
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The chipmaker asked creditors for up to 1 trillion won of new loans for money it needs to spend on new equipment and sustain money-losing operations, Park said. |
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It still needs a quarter of a million pounds to satisfy creditors. |
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Five days after the appointment of the Administrator by the Board, a meeting of all the creditors, including the workers, is held to confirm that appointment. |
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The corporation is fighting a push by creditors to move the former energy trading giant's bankruptcy case from New York to its hometown of Houston. |
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Since the outset of the neo-liberal reform project, both the government and private sector have borrowed money from domestic savers as well as from international creditors. |
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Once you are made bankrupt you cannot intermeddle in the property because the property is then in the hands of the trustee for the benefit of the creditors. |
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It alleges they breached their duties and wants creditors to be compensated for the company's plunge in value before it finally collapsed in May last year. |
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A system of income payment agreements aims to make it easier for bankrupts to make payments to creditors and bankruptcy restriction orders cover a variety of conduct. |
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It showed that the assets were sufficient to cover the amount of the debts assigned to the firm and all the potential claims of the preferential creditors. |
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Over six years ago, the Association put forward proposals, which would rank farmers as preferential creditors for agricultural produce supplied by them. |
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The partners' means were not equal to the total costs, which were met only by heavy borrowing and by artful management of creditors. |
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By nonsuiting the case, the Pattersons left the door open to refiling the complaint, something the secured creditors don't want to see happen. |
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He was still in considerable debt and needed to satisfy his creditors before he could leave. |
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The parastatistic distribution of a total debt owed to a large number of creditors is considered in relation to the duration of these debts. |
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France and Spain remain the primary trade partners, as well as the primary creditors and foreign investors in Morocco. |
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The Medici bank's remaining assets and records were seized and distributed to creditors and others. |
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Amid the economic crisis and Barletta's efforts to calm the country's creditors, street protests arose, and so did military repression. |
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It was only on the arrival of a Portuguese spy fleet at Seville that Orellana's creditors relented and allowed him to sail. |
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A funded deferred compensation plan sets aside assets not subject to the employer's creditors for the employees. |
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Cities in parlous financial condition often need creditors to keep going. |
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Under United States bankruptcy law, a person's estate consists of all assets or property of any kind available for distribution to creditors. |
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Shareholders are not liable for any remaining debts owed to the corporation's creditors. |
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It also concerns other stakeholders, such as creditors, consumers, the environment and the community at large. |
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If there is any surplus after paying off all the creditors of the company, this surplus is then distributed to the members. |
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That autumn, Percy Shelley often lived away from home in London to evade creditors. |
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A disposition granted on a cessio bonorum is merely in farther security to the creditors, not in satisfaction or in solution of the debts. |
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In France, syndics are appointed by the creditors of a bankrupt to manage the property. |
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Scheduled 2004 and 2005 amortizations are now due almost entirely to official creditors. |
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The owners were ordered to liquidate the company and pay their creditors. |
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A spendthrift trust protects the assets of the trust from the claims of the beneficiaries' creditors. |
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Some states provide that tenancy by the entirety property is immune from creditors of a husband or wife. |
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Infuriatingly, she told creditors her report on the Client Connection directors, George Stanton and Ryan Stanton, was confidential. |
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It is also required that a club exiting administration agree a Creditor's Voluntary Agreement, and pay in full any other footballing creditors. |
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In the UK, there is little communication between the receiver and creditors other than his appointor. |
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The following day the team applied for an Administration Order to protect itself from creditors. |
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The rebuttable presumption afforded higher-priced QMs will likely do little to protect creditors. |
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Delta is trying to rally support from creditors to help fend off a takeover bid by US Airways, according to a newspaper report on Friday. |
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That would mean higher costs for creditors and shorter grace periods for consumers. |
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Some Mt. gox creditors launched an independent probe on their own. |
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From then on, the British Government would never fail to repay its creditors. |
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Daniel Defoe died on 24 April 1731, probably while in hiding from his creditors. |
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The ETIC is working with JAL's creditors to restructure the airline's debt. |
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The individual is fully and unlimitedly liable with all his assets to the creditors. |
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The effect of the running of the domiciliary nonclaim statute on Maine creditors is unclear. |
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Even where the operating agreement makes membership interests unassignable, it is still possible for judgment creditors to obtain charging orders. |
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Nutritek re-elects BoD, with four out of nine seats going to creditors. |
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Capital misallocations were corrected, bad investments perished, debtors reached settlements with creditors, and simple living replaced extravagance. |
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Greece is in last-ditch talks with its international creditors on what reforms it is to implement to get new funding from the creditors to avoid bankruptcy. |
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Their failure to allow write-down of unsecured and unguaranteed creditors on two separate occasions was a terrible mistake and a mistake that needs to be recognised now. |
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For Time, which has about 5 billion ringgit of debts and is currently under court protection from creditors, SingTel's entry was important in its debt-restructuring plan. |
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Three of our six reported cramdowns were enforced against creditors. |
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Alternatives such as a nonstatutory contract to which both debtor and creditors consent give creditors a prorated share of their claims and discharge the debtor's balance. |
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It bears the evident marks of having originally been, what the honest and downright Doctor Douglass assures us it was, a scheme of fraudulent debtors to cheat their creditors. |
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In this case, no claims were filed by creditors, and the residuary beneficiary consented to the payments to the specific devisees, so there was no harm. |
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My creditors insist on being repaid in full before the end of the month. |
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The store needs to liquidize its stock so it can pay its creditors. |
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She lived at Newstead during this time, in fear of her son's creditors. |
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Percy Shelley sometimes left home for short periods to dodge creditors. |
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In late 1815, while living in a cottage in Bishopsgate, Surrey, with Mary and avoiding creditors, Shelley wrote Alastor, or The Spirit of Solitude. |
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Under the Insolvent Debtors Act, Dickens arranged for payment of his creditors, and he and his family left Marshalsea, for the home of Mrs Roylance. |
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Backers were now reportedly reluctant to finance pirate expeditions due to the low rate of success, and pirates were no longer able to reimburse their creditors. |
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Hounded by creditors, Thomas and his family left Laugharne in July 1940 and moved to the home of critic John Davenport in Marshfield, Gloucestershire. |
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The senatorial elite were involved heavily in private lending, both as creditors and borrowers, making loans from their personal fortunes on the basis of social connections. |
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According to Bernanke, a small decline in the price level simply reallocates wealth from debtors to creditors without doing damage to the economy. |
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Whilst its creditors lined up a High Court hearing with the aim of liquidating the club, Swansea City had come to rely on a combination of old stagers and young professionals. |
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By this, creditors could freely transfer the debts owed to them. |
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After 24 months, creditors have no claim against assets in the trust, although they can attempt to attach the loan account, thereby forcing the trust to sell its assets. |
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As its names imply, applications for compulsory liquidation are normally made by creditors of the company when the company is unable to pay its debts. |
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The principal that a grantor cannot establish a spendthrift trust to avoid his own creditors is not found in the laws of many foreign jurisdictions. |
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The bankruptcy filing includes an agreement with certain creditors that would result in the termination of EIX's equity ownership of EME upon emergence from bankruptcy. |
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It buys time only for some of Argentina's major foreign creditors. |
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The Trustee seeks to have all the remaining cash and assets turned over to him for liquidation and distribution to creditors and bondholders of the holding company. |
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