Several banking firms and many individual creditors were ruined by the death of the pope.
Byllynge, having become embarrassed in his circumstances, placed his interest in the land in the hands of Penn and Bothers as trustees for his creditors; they invited buyers, and companies of Quakers in Yorkshire and London were amongst :the largest purchasers.
The enslavement of creditors, overwhelmed with usury in consequence of losses by hostile raids or their own absence on military service, led to the secession to the Mons Sacer (493 B.C.).
The Poetelian law (326 B.C.) restricted the creditor's lien (by virtue of a nexum) to the goods of his debtor, and enacted that for the future no debtor should be put in chains; but we hear of debtors addicti to their creditors by the tribunals long after - even in the time of the Punic Wars.
With these the creditors could purchase national land, the assignatshaving, for this purpose, the preference over other forms of money.
The Law company eventually came to an end fatal to its creditors in France, but its misfortunes did not check the prosperity of " Louisiana."
The debts of the former are stated in the preface to the budget to be very large, and as payments are effected fresh creditors present themselves with undeniable vouchers in their hands, causing much embarrassment to the minister of finance: no figures, however, are given.
Now and then it has been dealt with piecemeal, when some particular class of creditors has become too pressing, but it is more than probable that the piece got rid of has been more or less rapidly replaced by fresh liabilities occasioned by budgetary deficits, or by the mere accumulation of interest on debts allowed to run on.
Ten years later, when the currency had fallen to 51 pence per milreis, the government found itself unable to meet the interest obligations on its debt and railway guarantees, and an arrangement was made with its creditors in London for the issue of a 5% funding loan to an amount not to exceed £10,000,000, and the suspension of all amortization for thirteen years.
The president-elect accordingly undertook with the full approval of Dr Moraes, who was still in office, the task of visiting Europe with the object of endeavouring to make an arrangement with the creditors of the state for a temporary suspension of payments.
The property of the corporation was valued at £271,658 against a debt of £425,195, which was compounded for by the issue of 3% annuity bonds - the loss to the creditors amounting to 25% of their claims.
To escape the urgent demands of his creditors, he VIII.
One is to hyperinflate currency, which is a massive transfer of wealth from creditors to debtors.
Creditors loan out money worth a lot, only to be repaid in money worth less.
I have no doubt that some of you who read this book are unable to pay for all the dinners which you have actually eaten, or for the coats and shoes which are fast wearing or are already worn out, and have come to this page to spend borrowed or stolen time, robbing your creditors of an hour.
Anatole Kuragin was staying in Moscow because his father had sent him away from Petersburg, where he had been spending twenty thousand rubles a year in cash, besides running up debts for as much more, which his creditors demanded from his father.
She included among her enemies the creditors and all who had business dealings with her father, and always at the thought of enemies and those who hated her she remembered Anatole who had done her so much harm--and though he did not hate her she gladly prayed for him as for an enemy.
The creditors who had so long been silent, restrained by a vague but powerful influence exerted on them while he lived by the count's careless good nature, all proceeded to enforce their claims at once.
And to avoid being imprisoned for the remainder, as the creditors threatened, he re-entered the government service.