borrower synonym debtor

All realistic pre-bankruptcy proceeding remedies should be considered by the secured lender, its counsel and advisors.

Every loan workout of a distressed company is distinct. Security and loan agreements, landlord waivers, deposit account control agreements, intercreditor agreements and guarantees should be examined to assure that all executed copies are in the file. person liable for payment.  the automatic stay creditors are prevented from collecting amounts owed by the debtor, foreclosing on the debtor’s collateral and terminating contracts at least initially, the debtor cannot pay any unsecured creditors that existed as of the commencement of the bankruptcy expensive litigation against the debtor can be stayed However, certain steps should be considered in most workouts by a secured lender.

 court-ordered control of the debtor’s expenditures pursuant to a court approved budget.  Reservation of rights

A person or organization that takes and uses something belonging to someone else with the intention of returning it. The list goes on. Antonyms for debtor include creditor, lender, mortgagee, doer, go-ahead, go-getter, hummer, hustler, rustler and self-starter. How do you use debtor in a sentence? See CREDITORS, DEBT, CREDIT CONTROL, WORKING CAPITAL, BAD DEBT.  Real estate foreclosures All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. What is the meaning of debtor? The retention of the appraiser by secured lender’s counsel should be considered in order to potentially protect the appraiser’s report as attorney work product.

Numerous factors drive the secured lender’s strategies and tactics, including whether the borrower has a sustainable core business, strength of management, the type and value of the lender’s collateral, cash flows, industry strengths and weaknesses, junior debt-holders and lien-holders and the potential effects of a Chapter 11 bankruptcy proceeding. • Borrower fails to maintain liquidity or reserve ratios

What Is a Debtor? “priceCurrency”: “USD” Here Are Our Top English Tips, The Best Articles To Improve Your English Language Usage, The Most Common English Language Questions. • acknowledgment by the borrower that the loan agreement is enforceable, without defenses Forbearance agreements are often requested by distressed borrowers during the restructuring period to avoid interruption by the secured lender. • acknowledgment by the borrower that it has requested the forbearance, to establish consideration for any concessions to the secured lender Does English Have More Words Than Any Other Language? • Borrower fails to submit financial statements on schedule (if required) Guarantees, letters of credit and other modes of credit support such as “last out” participation in favor of the secured lender, which may have been refused at the loan inception, may be obtained from equity owners in a restructuring. “@type”: “AggregateRating”, • acknowledgment by the borrower of the outstanding balance, to avoid or reconcile any disputed balance • Borrower fails to pay taxes

A commercial workout officer’s job is to collect what the bank is owed, in full, and make the bank “whole” on the loan. n. , adj. Top synonyms for borrowers (other words for borrowers) are debtors, lenders and lending. Find more ways to say debtor, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus.
Whether retained by the secured lender or borrower, an experienced workout consultant can provide significant value.

 “Friendly” foreclosures, where the borrower surrenders the collateral to the secured lender

n. borrowing. • acknowledgment that the secured lender has a valid and properly perfected security interest, without any defenses At times, a secured lender may require its borrower to retain a consultant as a condition to further lending under a forbearance agreement, as discussed further below. A debtor is a company or individual who owes money.

A technical default occurs when the borrower violates other terms or covenants within the commercial note. Are we obligated to do so? n. scrounger.

Our customer has filed bankruptcy but demands that we continue to extend trade credit! Debtor definition, a person who is in debt or under financial obligation to another (opposed to creditor). • Reduce interest rates The ability to repay refers to an individual's financial capacity to make good on a debt. Guarantees, letters of credit and certain other types of credit support are not affected by the automatic stay in the event of a bankruptcy proceeding (discussed below) because they represent third-party agreements between the secured lender and a non-borrower third party.  the ability to obtain financial information and inspections that were not provided by the debtor outside of the bankruptcy proceeding Which of the following is a type of amphibian?  Liquidation under state law—the borrower and its advisors perform an orderly liquidation under the corporate laws of the applicable state statute

• Borrower fails to maintain insurance

Red flags—such as declining cash flow and sales, loss of major customers, ineptitude or changes in management, failure to meet budgets and projections, requests for over-advances, borrowing base issues and failure to pay as agreed require immediate explanation, evaluation and attention. Secured lenders often do the same when issues surface with their borrowers. 1. “ratingCount”: “118” Find more ways to say borrower, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Source: https://www.ascentlawfirm.com/commercial-loan-workout/. • Borrower misallocates or mis-distributes profits

2 antonyms for borrower: lender, loaner. Distressed borrowers tend to hope that financial problems will go away and solve themselves over time.

“, This includes: borrow. What are synonyms for debtor? ( Log Out / 
Change ), You are commenting using your Facebook account. Field audits of inventory, accounts receivable and equipment should be performed to assure the accuracy of the borrower’s borrowing base and other collateral reports. “ratingValue”: “4.9”, Borrowers & lenders - Synonyms, antonyms, and related words and phrases | Cambridge English Thesaurus What are synonyms for borrower? 2. Personal loans: Beware the debt trap. Borrower A person or company that has received money from another party with the agreement that the money will be repaid. Synonyms for debtor in Free Thesaurus. Experienced workout consultants are critical to a successful workout and restructuring of a distressed borrower. • The value of the collateral (the property) and therefore the LTV (Loan to Value) dips below the prescribed percentage “@type”: “Product”, Banks and credit unions cannot, they’re regulated and those regulations dictate their workout options.

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