Ultimately, government debt is a claim on future tax revenue.
The banks claim the debt sale was finalised only on the 14th. (Yukos disputes this.) Proximity to the bankruptcy filing is just a coincidence, they say.
You can commence an action for the recovery of debt online through the official Money Claim Online website, or in person at your local county court.
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To claim a nonbusiness bad debt, you report it as a short-term capital loss subject to the capital loss limitations on a federal form 8949 (downloads as a pdf) in the year the debt becomes worthless.
As a result, the affiliated companies were not liable for American Tissue's debt--even though, creditors claim, the affiliates benefited by receiving financing from American Tissue.
Many Republicans and Democrats claim that changes in deficits and debt have a big impact on interest, for instance, but Krugman correctly notes that there is no evidence for this assertion.
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Putting aside the 14th Amendment, Carney's claim at most shows that unilaterally raising the debt ceiling would override Congress' borrowing authority.
If we are all as concerned as we claim to be about the staggering amount of debt our country has run up, we all need to get real about numbers and words, acknowledge that we have choices, and quit playing politics with our future prosperity.
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McKinsey makes the striking claim that "the ratio of UK household debt to disposable income would not return to its pre-bubble trend for up to a decade" - which implies that as we in the UK look for a return to more normal levels of economic growth, momentum is not going to be provided by consumer spending for perhaps up to 10 years.
The company specifically denies the claim that it sells salary or income information to debt collectors.
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The previously undisclosed debt meant the Credit Suisse funds no longer had an exclusive claim on their loan collateral.
Similarly, if you claim special deductions and credits, you may need to keep your records a little longer than normal (for example, if you file a claim for a loss from worthless securities or bad debt deduction, you should keep those records for 7 years).
Obama and Ryan both claim their budgets would slow the growth of the federal debt over time.
If you make a personal nonbusiness loan and you are unable to collect the amount, you may be able to claim a deduction for the amount for the year that the debt becomes completely worthless.
Breaches of a debt contract are easy to spot and police, but a shareholder's claim can be eroded quite subtly.
It amused him to claim that he was a financial dunce, uninterested in such matters as debt-to-equity ratios.
At the end of the day, President Obama can always claim that the GOP is threatening the U.S. with a debt crisis in order to pass spending cuts, and everyone knows neither Republicans nor Democrats are about to let the government default.
Regulations say you must claim innocence within two years after the IRS first tries to collect a tax debt.
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The company said it has only received a portion of its insurance claim in advance, straining liquidity tothe point that it could no longer satisfy its debt obligations.
You must generally claim innocent spouse relief within two years after the IRS first tries to collect a tax debt.
"What is going on right now are technical discussions between the Iraqis and each of the Gulf Arab states, including the Saudis, on exactly what the amount of the debt is, whether that would include interest, what are the documents that would support the actual claim, " he said.
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