Word: debtors
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Track 3: A collector tells a debtor that if she is successfully sued and doesn't pay, "you can be jailed...
...threaten jail (debt disputes are civil rather than criminal matters) or, in many cases, litigation (often only the creditor has that right). They can't contact uninvolved parties like children, neighbors or co-workers, and can't make a follow-up call so soon that it's unlikely a debtor's situation will have changed...
...domestic economic policy front, he faces a bureaucracy as stubborn as that which opposed Tanaka. The aggressive head of the inspection division of the Financial Services Agency, Hirofumi Gomi, has been tenaciously reviewing the loan portfolios of Japan's leading banks and the balance sheets of debtor companies. The verdict: more bad debt than was previously estimated. But plans to take the results of Gomi's audits and crack down on corporate slackers is being stymied by higher-ups within his own agency. "Koizumi needs to make a decision and fire some people," says an analyst who has advised...
...have help. Her circle of support includes such corporate heavyweights as former American Express chairman Harvey Golub, a new Warnaco board member, and Citigroup boss Sanford Weill, whose Citibank, along with J.P. Morgan Chase, is part of a collection of banks that will provide Wachner with $600 million in debtor-in-possession financing. That will buy her a few months to try to clean things up. "Under my leadership over the past 15 years, Warnaco has built the best brands in the apparel industry; I do not believe our current circumstances are a reflection on that vision," Wachner said last...
...that they should not. These, he said, amounted to protectionism by other means, aimed at countries with lower standards of living. Even though Barshefsky believes labor and environmental agreements are politically necessary for the U.S., she agreed to the extent that these should not be used to create a "debtor's-prison mentality: we won't trade with you until you get those standards right." But she also pointed out that so far, negotiators have been highly creative in making deals that did not add new burdens to trading partners but instead left the onus on them to enforce their...