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Top bank loan creditors include Tokyo-based Aozora Bank ($463 million), Tokyo-based Mizuho Corporate Bank ($289 million), BNP Paribas ($250 million), Tokyo's Shinsei Bank ($231 million) and UFJ Bank ($185 million).
As with many other 21st-century economic woes, it's possible to trace the student debt debacle among the elderly back to the era of bipartisan cooperation between President Bill Clinton and House Speaker Newt Gingrich (R-Ga).. Prior to 1996, it was illegal for student loan creditors to garnish Social Security checks.
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If you have private student loans, pull a copy of your free annual credit report to see private loan creditor information and balance details.
You also need to understand the specific assets you are pledging as security for your loan — because creditors holding liens on specific assets have liquidation preference over other creditors.
Some bridging arrangement, whether arranged as a loan from creditors or via the issue of a bond securitising anticipated revenues, will stave off the immediate liquidity crunch and postpone bankruptcy.
[C2.] Hyundai Unit Seeks Emergency Loan Hyundai Engineering and Construction, a subsidiary of South Korea's largest business conglomerate, the Hyundai Group, requested emergency loans from creditors to repay about $161 million in loans.
Daewoo Motor needs fresh loans from creditors to keep its production lines running.
For those that have been bailed out, going more slowly on austerity necessitates bigger loans from creditors (who are unlikely to agree to them).
Most residential mortgages are effectively nonrecourse loans, meaning creditors can eventually take the house if the homeowner defaults, but cannot take other assets or earnings.
Senator Susan Collins, Republican of Maine, told Mr. Bremer at a hearing on Thursday that Americans would be "justifiably outraged" if a dime of taxpayer aid allowed Iraq to pay back its loans to creditors in France or Saudi Arabia.
A subsidiary of Hyundai, South Korea's largest conglomerate, requested emergency loans from creditors today, raising concern that another big bankruptcy was in the making, a year after Daewoo collapsed under debts now estimated at $80 billion.
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