In Hong Kong, such loans are classified as "substandard" even if the debtor is still repaying.
If the debtor sells the partnership or LLC interest, the creditor gets the sale proceeds.
The point is that overtly discussing debtor planning in writing is many degrees of stupid.
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At most there might have been some government backing for DIP (Debtor In Possession) financing.
The Creditor sued the both the Debtor and Transferee for fraudulent transfer and civil conspiracy.
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The debt relief company asked the debtor of a credit card company to stop making payments.
For the euro a populist revolt in debtor countries would be the biggest threat of all.
If so, then the debtor must show by clear and convincing evidence that compliance was impossible.
The cards give "the debtor a positive way to settle their debt, " the website said.
This can be as much as a third of the total money the debtor pays back.
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High fees and interest rates have also helped to tempt some lenders into the debtor-in-possession market.
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The lender trusts the debtor will be able to pay the principal and interest on time.
This implies that someone in Brussels (or Frankfurt) will have a veto over a debtor country's budget.
If all goes as planned, the debtor will be discharged of unsecured debts, generally credit card debts.
The moral here: You can make money off even a troubled debtor if your timing is good.
The Trustee also alleges, under bankruptcy and debtor and creditor theories, fraudulent transfers, and turnover and accounting.
The Debtor cashed out the rest of his assets, and sent the money to Switzerland and Dubai.
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An alternative scenario, however, is that debtor countries raise taxes in the attempt to repay their debts.
They repeated their commitment to try to ensure all eligible debtor countries are included in the programme.
But the result is that foreign creditors have a right to be more suspicious of debtor countries.
Today, America is the world's biggest debtor, which could undermine the dollar's role as an anchor currency.
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The problem is that the laws of the state where the Debtor resides usually applies to the Debtor.
In addition, they will have to fully investigate if a debtor claims that there is no money owed.
But the debtor probably could have done this without a bankruptcy, by contacting creditors and working out compromises.
It cannot automatically be assumed that a debtor who has defaulted on a consumer debt is balance-sheet insolvent.
"There's a major distinction between the situation of an individual consumer and a corporate debtor, " Mr. Singerman said.
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Although the Transferee now owned the Northridge property, the Debtor continued to live in and enjoy the house.
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They would also help keep debtor nations in better shape to implement difficult reforms and repay foreign loans.
The government has also dipped its toes into Debtor-In-Possession financing through its bailouts of Chrysler and General Motors.
Many of the 275 companies approved by the Department of Justice to offer debtor education have been doing this for years.
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