Sentence examples for unsecured liabilities from inspiring English sources

On November 7th Steven Rhodes, a bankruptcy judge, approved the city's plan to slash $7 billion of unsecured liabilities from its debt.

Today Steven Rhodes, a bankruptcy judge, approved Detroit's plan for the adjustment of debts that will allow the city to slash $7 billion of unsecured liabilities off its $18 billion debt mountain.Detroit has a long history of mismanagement.

It is possible that unsecured liabilities are directly depreciated by the originating bank and rarely offered for purchase to BAG.

Our data set thus shows a significantly lower percentage of unsecured liabilities compared to other studies.16 This could be caused, as discussed earlier, by the origin of the data set.

In a Chapter 7 you forfeit all your "nonexempt" property and then get to walk away from most of your unsecured debts, including liability judgments resulting from negligence.

In bankruptcy number three (1996), the court absolved Ruskin of any other liability, while unsecured creditors got zilch.

In the coming months, Sears is planning to refinance $4.7 billion of current liabilities, $2.7 billion in unsecured debt and $2 billion of asset-backed securities.

In June, he proposed a plan that offered 10 cents on the dollar on the city's debt obligations like unsecured bonds and a portion of unfunded pension liabilities.

The proposal includes an offer that amounts to less than 10 cents on the dollar on some of the city's unfinanced debt obligations like unsecured bonds and a portion of unfunded pension liabilities, which together total more than $11 billion.

Critics say pre-packs "stitch up" unsecured creditors and can allow directors to shed liabilities and buy back the business (under a new company).

[B]ail-in... is a statutory power of a resolution authority (as opposed to contractual arrangements, such as contingent capital requirements) to restructure the liabilities of a distressed financial institution by writing down its unsecured debt and/or converting it to equity.