07-22-2015, 07:05 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Quote:
Originally Posted by dyna mo
you keep needing to cast it in a negative light, such as your 50c on the dollar comment, so it sure comes across that you're trying to claim it's inherently wrong. interest rates change all the time, debt gets restructured and serviced under new rates all the time, banks vie with one another to buy mortages and all types of debt at lower interest rates. that's not 50c on the dollar, that's the banking business.
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By the way, when banks/creditors voluntarily offer debtors loan/debt restructure deals , that has nothing to do with bankruptcy. In bankruptcy, once the trustee approves the filing, the creditors are forced into restructure/liquidation even if they do not want to.
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