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Any outstanding repayments will be written off after 30 years, so graduates with low lifetime earnings will be protected.
As of last month, a couple dozen individuals who ran for city offices from 2001 to 2005 were listed as owing a combined $797,293 in "outstanding repayments of public funds," reflecting unspent funds and other overdue obligations.
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But the 68-year-old was also facing outstanding mortgage repayments before he decided to sell off some of his possessions – which included boxing gloves signed by Mohammed Ali and a present from Dolly Parton.
Crawford allegedly owes £43,000 in outstanding mortgage repayments and has been resisting bailiffs repossessing his home for at least six months.
We have not received any repayments on outstanding debt since April last year, a situation which clearly cannot go on indefinitely," the bank said in a statement.
Petroplus said it had been unable to reach agreement with creditors who on Monday had demanded repayment of outstanding senior notes and convertible bonds.
Last month, Tyco sued Mr. Kozlowski for at least $730 million, seeking repayment of outstanding loans; unauthorized compensation he paid to other employees, including Mr. Swartz; and all income and benefits he got from 1997 through his resignation in June.
Sovern said that while the statute will bar increases in some of the terms governing repayment of outstanding balances, such as arbitrary hikes of interest rates charged on those balances, credit card companies can increase the minimum payment by up to double the original percentage.
Indeed, it has even announced that it will make an early repayment of its outstanding loan from the International Monetary Fund of about €714.3 million.
Combined with the value of the equity given to bondholders, this represents the full repayment of the outstanding €200m bond and the interest that had accrued on it.
Then the insurer has six years to contact you about repayment of the outstanding amount, and another six years to pursue you for the money.
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CEO of Professional Science Editing for Scientists @ prosciediting.com