Obtaining Debt

The first article “Community Health Systems to Sell Assets to Pay down Hefty Debt” is about local community health systems such as hospitals and facilities throughout the U.S. that has suffered a lack of earnings, patient admissions, profits, and share. Due to this disappointing news, community health systems will have to sell their assets in order to raise money to pay off their debt. By each quarter the losses were getting worst, community health systems continued to lose earnings and admissions. The company sold its biggest assets which were different hospitals, in hopes to pay off debt and improve financial operations. These divestitures also lead and contributed to several losses and improvements.

Debtor Nation: The History of America in Red Ink takes us on a journey through the history of debt in America throughout the twentieth century. The history of debt is not something that most people typically think about when they reflect on the history of America. The author does a great job of allowing the reader to witness how each type of debt that we are accustomed to today originated. Each chapter serves as a timeline to help the reader see how debt transformed over the century. We see the initial form of borrowing with retailers offering credit to their customers with no fees (10), to a profitable system where extremely high interest rates were imposed by “loan sharks,” prompting enforcement of regulations (14), all the way through to the late 1990s where two-thirds of American households had

Virginia had a huge debt after the civil war, how to deal with the debt crisi in Virginia was up in the air, there were two groups the Funders who wanted the debt paid in full and the Readjusters who wanted the interest from the debt to be reduced as much as possible. By the end of the 1870s many African Americans supported the Readjusters and opposed the Funders. In

Whether consumers are attempting to handle their debts or not, there is a time period in which lawsuits can be filed and collection attempts can be made. This period is known as the Statute of Limitations and is different in every state of the U.S. However, under this law, debts cannot be collected, sued for, or otherwise sought to be paid by creditors or collectors after this period has expired. Some states offer as little as four years, while others will go up to 15 years or more depending on the type of debt and the state regulations. Collection agencies do not adhere to the same Statute of Limitations as lawsuits, and consumers will have to refer to the Fair Debt Collection

This debt fixer exercise was a very enlightening experience, this exercise has allowed me to have a better understanding of the terms such as deficit, national. Moreover, it helped me conduct a better, more hands-on assessment of the issues with the country’s national and federal budget deficit. Before I had the opportunity to manipulate these numbers and analyze them in real life scenarios, for me these numbers did not make much sense, perhaps I needed this scenario to fully grasp the meaning of concepts like budget, national debt at 77% of the GDP with a projected deficit of 1 trillion level by 2022 it is urgent for the government to address this issue. According to records, the biggest percentage of the country’s budget goes to defense.

The debt in the United States has been growing for decades and has accumulated all the way up to 19.9 trillion dollars. This amounts to 61,036 for each person living in the U.S, 157,735 for each household, 104 % of the U.S gross domestic product, and 546% of annual federal revenues. Tackling debt and deficits is a national security issue that affects our ability to compete in the international system. The proportion of U.S. government debt held by foreign entities has significantly increased.

Regardless of the race, the religious beliefs, and the traditions; college has always been a phase that is forced onto the child. College is traditionally the next step for a child graduating from high school or at least that is what they have been told their whole life. For many students they do not have the choice of if they would like to continue higher education or not, but what about the debt that they will eventually have to pay off? Research has recently shown the accumulative debt that students have once they have received their bachelor's degree is over $100 thousand.The question really comes down to is college even worth the debt anymore? In all honestly college is no longer worth it due to the fact that you are no longer guaranteed

Is getting a college education worth going into debt? That is a good question and one that I say yes to. There are many reasons to go to college, such as getting that high quality education to go further in the job you currently have, or to get an new job all together. Another reason could be to become a good role model for your kids, or just so you can proudly say you were the first in your family to go and graduate to college. Another reason could be that you simply go because everyone else in your family has been. Whatever the reason, there are definitely benefits to going into debt in order to go to college, because it has almost become necessary to have a college degree to have a good job.

Foreclosures and amounts realized from a nonrecourse debt are treated differently as if an individual is not personally liable for repayment. The amount realized includes the full amount of debt before the foreclosure regardless if the fair market value of the property is less than that amount. In doing so, cancellation of debt for nonrecourse debt is inapplicable as the debt is satisfied by the repossession of the property. In terms of mortgage loans, it is critical to understand whether or not the state you are living in is a recourse or nonrecourse state which lenders can (recourse) or cannot (nonrecourse) obtain collections of payments after foreclosure. Nonrecourse debt property that is subject to short sale, foreclosure, or

We as americans seem to have a very serious problem. By doing some research I have been able to conclude some intresting ideas on what to do to fix our debt problem. First of all we need to stop bwing in wars, the more that we lose the more that we are going to be hurt and deeper in the hole of debt we will go. Second we need to stop paying our RETIRED U.S. presidents so much money it's not helping the fact that they get so much. We need to also need to stop buying so much imported goods. If we can accomplish these simpe tasks we can fix a lot of our debt problems and be a better country.

Here in the United States, there are many forms of consumer debt, which help contribute to the large sums of debt countless Americans find themselves faced with. Directly effecting many college students is student loan debt. Student loan debt is now the second largest form of consumer debt behind housing” declares the Federal Reserve Bank of New York (Grisales). This is due to the fact that student loan debt grew 7.1% in 2014 to $1.2 trillion (Grisales). If this statistic alone is not worrisome this next one is sure to be. The amount of debt in the housing market that helped to spark the last recession was only $1.3 trillion (Grisales). Due to the increased amount of debt required by students to attend college many students are feeling the wrath. According to the U.S. Census Bureau, “In 2014, 11.7 percent of females and 17.7 percent of males between the ages 25 and 34 were living with their parents” (Grisales). The fear of obtaining massive amounts of debt is driving the current generation of student’s to put off many future hopes and dreams. While causing them to move back home to save money. The current student loan crisis is crippling the economy and ruining the lives of American students.

Thousands of students may have their student loan debt dismissed in court, because the original paper work was lost. Typically student loan payments start after the student graduates from college. Sometimes the student loan payments may start immediately, if the student drops out of school. Many students ultimately fall behind on their student loan payments. Students who fall behind on their payments are aggressively pursued by collection agents. Often students  have garnishments and liens filed against them by aggressive creditors. Many debt collectors file judgements in court, against students who refuse to pay back their student loans.

I believe the debt facing America is one of America's largest problems to this day. America is over 18 trillion dollars in debt. Politicians always speak of reducing the debt, however it has not been done. The debt of America has not even been paused for an extremely long time. According to, taxpolicycenter.org only 55% of Americas spending is mandatory. This means that America may be able to reduce spending by 45%. The main priorities America spends it’s money on is social security, unemployment, food and agriculture, transportation, medical and health care, and veterans benefit. These things are very important, but it makes one wonder, where is the other 45% going? Citizens of America has always said that America, indeed the best country

College is quite expensive and with the looming certainty of debt, there are two choices to turn to. One is applying for scholarships and the other is working longer hours. By being granted a scholarship, I am able to study more and have more success in college. Even though I will still be working to lessen my debt, I would not have to take on extended hours. I would have more study time and be healthier as I would be less stressed about my work load of classes and a job. By receiving scholarships I will get more out of college by better understanding the material being taught and by doing well in class. In turn, I will be more prepared for the workforce ahead, therefore giving more to the community as a research scientist. Overall, the investments

“Debts due by the decedent” cannot constitute debts that have accrued after the decedent has passed away. First, this conclusion is reached by a textual, plain-meaning, reading of the bond. Indeed, at the time of the decedent’s death, the decedent ceases to exist, and all that remains is the decedent’s estate. As such, any debts that arise after the decedent’s death are not “debts due by the decedent,” but they are debts incurred by the decedent’s estate. This is so notwithstanding the fact that the State of Maryland is within the class of entities that that a nominal bond secures. Stated differently, although the nominal bond secures the decedent’s debts to the State, the bond does not secure debts to the state that accrewed after the decedent’s