DealBook » Restructurings and the Impact of Credit-Default Swaps | A disclosure requirement might be one way to address the "empty creditor" problem that comes up in times of financial distress, Stephen J. Lubben writes in his In Debt column.
Also includes the names and addresses of all creditors and a list of all assets, including real estate and personal property.
He was referring to the agreement made with the monetary fund and other creditors to address Greece's sovereign debt crisis.
Most military bases have trained financial counselors to help you establish and maintain a budget, get out of debt, deal with creditors, and address other financial issues.
A statement that upon request, the agency will provide the name and address of the original creditor, if it differs from the current creditor.
In addition, in a slumping economy, companies going out of business may be selling their lists of customer e-mail addresses to pay off creditors.
Defendants are notified of court action via an address supplied by the creditor and if they do not respond within 14 days the judgment is passed.
"I had to make a lot of calls and give creditors the new address and get things straightened out fast," she said.
Addressing lawyers acting for Kaupthing creditors' interests, he said: "Your problem at the moment is that if the parent company … of ITG says: 'We are going to walk away from this.
A spokesman for the Greek government sought to allay fears that Greece was edging closer to an exit from the single currency, saying that differences with international creditors were being addressed seriously.
