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We want to see the debt cleared once and for all".
In a deal brokered with bankruptcy trustees, the farmer was due to have part of the debt cleared in return for vacating the farm in September last year.
"One of the things I put to people is that it is not just about getting your debt cleared but about getting you speaking to people again and getting your coping mechanisms working again".
Not all short sales are bad — some homeowners are happy to walk away with the debt cleared — but as a matter of social policy, the program has failed to keep people in their homes.
Celta are still in administration but will soon be out the other side, their debt cleared; Deportivo have only recently embarked on a recovery plan of their own under a new president, Augusto César Lendoiro having departed a quarter of a century and many, many meals later, and the outcome remains uncertain.
An electrician and his wife had a shock when they received a mobile phone bill for £163,000, then fought for months to have the debt cleared.
Similar(48)
Banks detailed their holdings of Greek and other government debt, clearing up speculation about which institutions were most at risk from a default.
Owners can buy their homes back with debts cleared at auction for $500 as a solution of last resort.
Around 330,000 people who are more than 30 days in arrears have debts cleared and a further 45,000 have interest and charges wiped after the FCA finds Wonga did not check customers could afford repayments.
They look on 1994 not as the first year of democracy after centuries of oppression but as year zero, after which all slates are wiped clean and all debts cleared.
The deal sees the club's debts cleared and includes the purchase of the Tigers Ashfield stadiumm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com