But because Haar was not a debtor, Endeavor LLC could pay money to her instead and it would avoid creditors.
This is often done to avoid creditors, to minimize estate or income taxes, or to correct a mistake on the beneficiary form.
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He did not make any payments to the IRS to reduce his tax liability and continued to deal in cash to avoid having creditors attach his bank accounts.
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In countries where creditors cannot avoid a raw deal, companies' cost of capital could rise sharply.
Time Engineering would get the cash to pay creditors and avoid what would have been almost certain liquidation.
Oddbins tried to avoid administration by getting creditors to accept lower repayments, but one of the biggest, HM Revenue and Customs, refused.
Working together, creditors and borrowers can avoid repeating the mistakes of the past.
While the line between voluntary and compulsory becomes blurred in a situation like this, the public sector will have to secure commitment from banks and other private sector creditors in order to avoid default.
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Greece continues to work with creditors toward a settlement to avoid a disorderly default.
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If the euro zone and IMF wanted to avoid lending more billions to Greece, private creditors would have to take much bigger losses.
If its enterprise value falls below its liabilities, equity holders will avoid further losses by a "put" to debt holders, meaning they bail out and let creditors fight over the remains.
There was the deal reached today with Chrysler's creditors, and I'm wondering if this deal is likely to be able to avoid bankruptcy, or is bankruptcy -- some kind of a quick bankruptcy is still going to be needed.
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