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Debt Statement Pursuant to Section 8110  Form

Debt Statement Pursuant to Section 8110 Form

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Instructions and help about Debt Statement Pursuant To Section 8110

hello and welcome to the session in which we will discuss troubled debt restructuring so what is the big idea with the troubled debt restructuring it's a mouthful and it sounds very intimidating well the basically what we're looking at is when the creditor when a lender when the bank grant concessions to debtor to the borrower not made under normal circumstances what does that mean it means at some point the bank says you know what i should cut off my cut my losses and accept whatever i can get from the borrower because i may not get anything and this happened during the real estate crash of 2007 2008 i was still in practice and we had many construction in real estate companies as clients and they went through this troubled debt restructuring so i still remember those days where i had to deal with this topic right front and center simply what happened is this we have two options the person in trouble and the creditor they'll have to agree and they'll agree on two things either they wil

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