When the words "property division divorce creditor 3 rights liens "come to mind, it is pretty much impossible to focus on just one word. And when viewing them as a group, it comes across something like "3 rights actually make a left". In other words, it really does not make a whole lot of sense. But taking them each on an individual basis, the feeling of some real financial issues going on begins to develop, as if it had a mind of its own.
When "property division divorce creditor 3 rights liens" is entered into the search box on the Internet, what comes up at the top under Google is "Divorce Source: Bankruptcy and Divorce", and under Yahoo it is "DivorceNet--Division of Separate and Marital Property in Divorce". To get a good hold on it, it seems to refer to the dividing of property during a divorce, with a lien is considered a legal right or interest in another's property, such as a mortgage loan. This is listed in the Debt Section of the Divorce Proceedings.
The phrase "property division divorce creditor 3 rights liens" and financial problems actually should begin with the issue of property and debt division, as it is the first tackled problem when divorce enters into the picture. When a couple becomes divorced, they have two choices—get along or not get along. After that, everything falls into place. If the couple gets along, they can decide on their own about dividing their property and debts, with or without a third-party who should be neutral. If they cannot get along, then the court system, attorneys, and judges are brought into the picture. And then, the words "property division divorce creditor 3 rights liens" take on a whole new meaning.
A 3-in-1 creditor report to prevent liens could also arise from the phrase of "property division divorce creditor 3 rights liens." Three major credit reporting companies are available to provide this sort of report, with each report varying in its information: TransUnion, Experian, and Equifax. They can all process through one major credit company, such as Credit.com. They provide a credit report between the rating of 300-860, which is a numerical evaluation of a person's credit risk.
An important thing, credit scores are used by many people who are connected to us without us evening knowing about it--creditors, lenders, employers, and insurers--and it can make or break most anyone, depending on that number and the situation. But having a bad credit score will not destroy you as it can be "fixable." There are lots of help out there to get on the right track—all it takes is one phone call, email, or letter.
In regard to the financial principal of "priority to assets between bondholder and judgment creditor rights", quite a bit depends on what is going on with the business or firm involved at the time of judgment, as liquidations occur in Chapter 7 bankruptcies—not Chapter 11. The company or firm almost always will have filed for protection under the federal government with a load of devastating debts preventing them from operating any further, with the assets of the company or firm being sold off to pay off outstanding debts to creditors and investors.
What is not usually acknowledged by the general public is the investors, or secured creditors, who take the least risk in the business are always paid first, so the priority to assets between bondholder and judgment creditor will be given to the bondholder, after the secured creditor being paid first. The reason for this is because they have extended credit to the now-bankrupted company backed already by collateral, which can involve things like mortgages or other company assets. They fully realize they will get their money first through bankruptcy Chapter 7 proceedings if the business goes under.
Bondholders will always be chosen first above shareholders or judgment creditors, as receiving first priority to assets between bondholder and judgment creditor, as the bonds represent the company's debt. When the loan was originally made, the company had already agreed to pay the bondholders back with interest and their full principal, through written contracts.
Unfortunately, the stockholders own the company and will take the greatest risk, with priority to assets between bondholder and judgment creditor placing the stockholder beneath both of them in receiving the balance of what is left after the company's liquidation process. Assets are divided in bankruptcy in specific ways, with bankruptcy laws determining who gets paid in a specific payment order:
• Secured Creditors
• Usually a bank or lending company will "always" get paid first
• Unsecured Creditors
• Banks, suppliers, and bondholders will receive money after the secured creditors
• Stockholders
• These are the owners of the company, and have the last claim on assets, possibly never receiving anything if the Secured and Unsecured Creditors are not fully paid off.
During and after bankruptcy, no interest or principal payments will be given to the bondholders, and the dividends will no longer be given to the stockholders. A priority to assets between bondholder and judgment creditor is no longer in question, but a matter of who gets paid "when and what" after bankruptcy is filed according to federal law, with the bondholder getting all their money first after the secured creditors. Therefore, all debts will be paid, if the asset sales will financially allow it, once the secured and unsecured creditors have received their money out of the liquidation process.
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