The amounts due for the pension plans will not be final until early 2004 and could change depending on the level of investment returns and interest rates in the rest of 2003, Mr. Ebenhoch said.
The Administration has consistently dragged its feet on the issue of principal writedowns -- reducing that nearly one trillion dollars in loan amounts due for real estate value that has vanished.
But even the President, in the final months of his term, had little to lose as compared with the quarterback, who holds a multi-million dollar contract for his services on the field that effectively incentivizes his team to keep him off the field lest he become injured and thereby vest the full amount due him for this year.
If so, the lender waives all or some of the total amount due, in exchange for a deed to the property.
At the Paris Peace Conference of 1946, he said, it was agreed that the amount due in reparations was $7.5 billion — for damages and for loans the country was forced to make to Germany — of which only about $100 million has been paid.
A spokesperson told us: "We can confirm two cheques for the amount due were issued on 17 May".
If the landlord obtained a judgment, Mr. Kaminsky said, this would indeed hurt the writer's credit score and still leave him liable for any amount due.
So, if the party who is supposed to make the monthly payment does not do so, Mr. Schechter said, not only will the other party be responsible for the amount due -- plus late charges -- but his or her credit rating could be significantly damaged and the property could be subject to foreclosure.
Stuart M. Saft, a Manhattan co-op lawyer who is also chairman of the Council of New York Cooperatives and Condominiums, said co-ops that want to use the savings as reserves must first credit each individual shareholder for the amount due and then impose a per-share assessment.
