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They don't know how to go about this in terms of debt recovery or contract law".
"He'd be pushing the envelope in terms of debt," Mr. Repetto said.
We have, however, long since recognised the need for procedures to rewrite the terms of debt contracts under extreme circumstances.
"He's out of touch with what the average American faces in terms of debt and losing their jobs.
Residents are therefore more likely to fall into arrears, which in turn puts them in a difficult future position in terms of debt and poor credit ratings.
The report also tells us that if government spending growth continues at the current rate, it will take us over a cliff in terms of debt and taxes.
Similar(35)
What's more, the Certified General Accountants of Canada issued a report recently indicating that Canada now has the dubious distinction of ranking first in terms of debt-to-financial assets ratio among 20 OECD countries.
It said they reduced Greece's foreign denominated debts by €2.37bn, or 1.6 per cent in terms of debt-to-GDP ratio, adding that they had "minimal effect on the country's overall fiscal situation".
I'd make special note of this observation: Projections suggest that some European countries had an unsound fiscal stance (in terms of debt-to-GDP ratio evolution) well before the 2008 09 financial crisis (Greece, Portugal, the UK); on the contrary, others had a sound fiscal stance (Spain, Ireland, Italy).
In the western world we tend to think in terms of debts and credits.
The Outline addresses in some detail proof and procedural issues in debt collection, such as ensuring that creditors and debt collectors can substantiate the existence and terms of debts under collection.
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