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Traditionally, "junk" debt is considered a loan to a corporation that has high interest rate on the money being borrowed. Sometimes this interest is quite high- 14-18%. Junk debt financing was a major financing tool in LBOs (Leveraged Buyouts) and other corporate takeovers. The amount of junk debt is contingent on future cash flows of the company and its ability to service the debt (pay the annual interest). The junk debt has to be an integral part of the acquisition, restructuring and strategic plan for the company. The company can service its debt but eventually it will need to paid off, or pay down the debt, or restructure the debt. All is contingent on future sales and earnings and how the management (usually new) handles these particular hurdles.
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What is a high yield bond fund?
High yield bond ( Junk bonds) funds own the debt of companies with less than stellar credit. The yield is higher to compensate the the increased risk that the fund and its investors are more likely to lose money as compared to a bond fund holding higher rated debt.
What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
What services do Debt Relief of America provide?
They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.
What debt relief options are available?
Fortunately when it comes to debt relief there are nearly as many options as those that lead to the debt. Some of the websites you can visit include Freedom Debt Relief, Best Debt Relief, and Debt America.
What is the difference between a liquidated debt and an unliquidated debt?
The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
Can a junk debt collection lawyer sue using original creditor as plaintiff?
no
What is the statute of limitations in California for credit card debt Is it true that a Junk Debt Buyer can collect the debt if you don't have a signed contract with them?
7 years from charge off as long as it is not gov't debt which never go away likwe student loans, and trye-debts are sold to other agencies routinely; however they must disclose source of original debt.
What rating did Standard and Poor's give Georgia-Pacific in 2002?
Late that year Standard and Poor's announced that it was downgrading Georgia-Pacific's debt from BBB- to BB+, or junk status.
Name a 2-word term that starts with junk?
Junk Yard Junk Food Junk Mail Junk Pile Junk Drawer
Junk debt buyer send you a 1099c?
Don't fill anything out. Junk debt buyers typically buy up debts which are past the period where their collection can be enforced. Each state has its own statute on collection of debts. For example, it's six years on a contracted agreement in Colorado. What that means is that after a period of six years has passed since the last payment on that account was made, no legal action can be taken against you as the debtor. What happens is that these junk debt agencies trick you into making a payment, then that resets the clock, meaning they have six years to file suit against you (and they will). Don't fall into that trap. Contact an attorney on the matter - they should be willing to give a free consultation - before you send anything to that collection agency.
What is a high yield bond fund?
High yield bond ( Junk bonds) funds own the debt of companies with less than stellar credit. The yield is higher to compensate the the increased risk that the fund and its investors are more likely to lose money as compared to a bond fund holding higher rated debt.
How is junk food classed?
Junk
What the junk is made of?
What the junk is made of?
Junk Removal?
Junk Removal is an action of cleaning and removing junk from construction and buildings.
What part of speech is junk?
"Junk" can be a noun (e.g., "He threw away the junk") or a verb (e.g., "He junked his old car").
What is a sentence for junk?
My dad and I decided to take out all the junk in the closet today.
What percent of the DNA is junk?
You are 98% junk.
