vania-janet/multiturn-rag-retrieval-data huggingface dataset:
Find out why it's doing the way it is before getting yourself into it. Two brothers I worked for a few years ago got talked by family into buying an alley in a similar situation. They took out around a million dollars in collateralized loans to try and rehabilitate the place, but it just never took off and the brothers almost lost everything they owned. They were in legal battles for years, and their main business suffered as a result.
I'd like to propose a 4th option: Let your kid(s) take out their own student loans, and then you can make payments directly to help them pay them down. Some advantages to this method: Note the many similarities to the HELOC, which would probably be my second choice.
I found some UK personal accounts offer up to 3% interest (no names here, but it is well known bank with red logo). You can take out directors loan from your company, put the cash into that personal account and earn interest. Just don't forget to return this loan before end of financial year, so this interest does not become your dividends.
"First, it's clear from your story that you very likely should be able to receive some financial aid. That may be in the form of loans or, better, grants in which you just get free money to attend college. For example, a Pell grant. You won't get all you'd need for a free ride this way, but you can really make a dent in what you'd pay. The college may likely also provide financial aid to you. In order to get any of this, though, you have to fill out a FAFSA. There are deadlines for this for each state and each college (there you would ask individually). I'd get looking into that as soon as you can. Do student loans have to be paid monthly? Any loan is a specific agreement between a lender and a borrower, so any payment terms could apply, such as bimonthly or quarterly. But monthly seems like the most reasonable assumption. Generally, you should assume the least favorable (reasonably likely) terms for you, so that you are prepared for a worst-case scenario. Let's say monthly. Can I just, as I had hoped, borrow large sums of money and only start paying them after college? Yes. That is a fair summary of all a student loan is. Importantly, though, some loans are federal government subsidized loans for which the interest on the loan is paid for you as long as you stay in college + 6 months (although do check that is the current situation). Unsubsidized loans may accrue interest from the start of the loan period. If you have the option, obviously try hard to get the subsidized loans as the interest can be significant. I made a point to only take subsidized loans. WARNING: Student loans currently enjoy a (nearly?) unique status in America as being one of the only loan types that are not forgivable in bankruptcy. This means that if you leave college with $100,000 in debt that begins accruing interest, there is no way for you to get out of it short of fleeing the country or existence. And at that point the creditors may come after your mother for the balance.
Deposit it in a business savings account. The following below show you some options you can choose from. Next you can invest it in the market i.e. shares, bonds etc. If you have a more risky side, can go for peer to peer lending. If you are feeling really lucky and want to invest in the long term, then buy a property as a buy-to-let landlord. There are loads of options, you only need to explore.
A lot of loans are taken out on a fixed rate basis, so the rate is part of the contract and is therefore covered by contract law. If the loan is taken out on a variable basis then in principle the rate can rise within the terms of the contract.  If a particular lender tries to raise its rates out of line with the market then its customers will seek alternative, cheaper, loans and pay off their expensive loan if they can. If rates rise sharply in general due to unusual politico-economic circumstances then those with variable rate loans can find themselves in severe trouble.  For example the base rate in the UK (and therefore variable mortgage rates closely tied to it) spiked sharply in the late 80s which caused severe stress to a lot of borrowers and undoubtedly pushed some into financial difficulties.
You're still talking about taking loans from banks? As of September, 2011, [Viacom had a Billion. Dollars. **Cash.**](http://finance.yahoo.com/q/bs?s=VIA&amp;annual)   All of the operating expenses, marketing expenses, etc, are coming out of Viacom's coffers. Then they are doing fuzzy math to make sure anyone getting paid off of the *net* gets nothing. This has nothing to do with debt and everything to do with income.
Used car dealers will sometimes deliberately issue high-interest-rate subprime loans to folks who have poor credit. But taking that kind of risk on a mortgage, when you aren't also taking profit out of the sale, really isn't of interest to anyone who cares about making a profit. There might be a nonprofit our there which does so, but I don't know of one. Fix your credit before trying to borrow.
I would not take this personal loan. Let's look closer at your options. Currently, you are paying $1100 a month in rent, and you have all the money saved up that you need to be able to pay cash for school.  That's a good position to be in. You are proposing to take out a loan and buy an apartment.  Between your new mortgage and your new personal loan payment, you'll be paying $1500 a month, and that is before you pay for the extra expenses involved in owning, such as property taxes, insurance, etc.  Yes, you'll be gaining some equity in an apartment, but in the short term over the next two years, you'll be spending more money, and in the first two years of a 30 year mortgage, almost all of your payment is interest anyway.  In two years from now, you'll have a master's degree and hopefully be able to make more income.  Will you want to get a new job?  Will you be moving to a new city?  Maybe, maybe not.  By refraining from purchasing the apartment now, you are able to save up more cash over the next two years and you won't have an apartment tying you down.  With the money you save by not taking the personal loan, you'll have enough cash for a down payment for an apartment wherever your new master's degree takes you.
"Uber would have been a better company if they just started up the world's largest payday loans business. It would actually be cheaper to operate, by a substantial margin, and they could run their business legitimately, instead of immorally and illegally on most locations.  When I looked at Uber, I laughed so hard it actually made my stomach hurt. A guy I knew reckoned he was creaming it. I used simply maths to show he was making 4 cents a kilometre by the time running costs were accounted for, and many Uber drivers will be operating at an actual loss.  At least a payday loan has no hidden costs associated with it, and you don't have to spend days raising the small amount of cash you need to get through the month.  Uber must be the most dishonest business of the planet right now, and its ""employees"" (LOL) are the dumbest fucks on the planet."
"Sorry dude, my company is profitable and people come knocking trying to buy a piece of it. But I believe in ""neither a borrower nor a lender be"" - except that when you take venture capital, you can't just pay it back. Instead, you have people who don't care at best, and meddle and fire you from your own company at worst."
Nope I live in Orange County. I get to put away some savings no lie but even still it's not like I'm driving a Tesla or BMW.   No student loans that are out of control although I did pay off my education loans a bit fast but I only got stuck with those after dropping out and being unemployed for over a year.  Learned to code and it helped a lot. Afterwards I had a bit of a personal fall out with drug and alcohol abuse when someone close to me passed away and since lifted myself up but it's not been easy because rent for a 1bedroom 600 sqft is around 1200-1500 here. After taxes I'm taking home maybe 2,2k plus car payment insurance personal insurance since I own my own business and being young and single means I get raped by taxes for whatever reason.
&gt; The only reason they didn't go bankrupt 20 years ago is because old people shop there. No joke, 50+ year olds have a mysterious allegiance to Sears where price etc. doesn't matter to them, they shop there anyway.  For people who buy tools, the allegiance makes sense. They sell good stuff and stand by it. For clothes and stuff, meh.
1 Declare Bankruptcy 2 Unshackled by debt, purchase struggling responsible company with a good name 3 Lower quality, maintain prices, milk the brand name 4 Profit 5 ... until the formerly good brand is spoiled and then go out of business.  Keep that profit though, you earned it.  God Bless America!
The problem would not only be that of Kyle but also that of American Express. When Kyle pays by credit card, American Express pays the bills out of their pockets on his behalf and then forwards the bill to Kyle. The issuer of a credit card takes the risk that the holder of the card won't pay the credit card bill. In practice there are safeguards in place which prevent a company like AE to pay such huge sums in one day through an automated process. Credit card companies have sophisticated algorithms to determine unusual spending patterns and block any transactions which appear unusual. Also, after a few billions their bank will likely block them and prevent them from paying any more bills. But let's play along and pretend these safeguards wouldn't exist. That means after Kyle's spending spree, American Express will be trillions in debt, with their main debitor being a 10 year old boy who won't ever be able to pay. Kyle will have to declare personal bankruptcy. There are various variants of bakruptcy in the US, but they basically all boil down to him paying everything he can pay (not much considering that he is 10) and then defaulting on his debt. Afterwards he is debt-free. That means the debt is now that of American Express. American Express will not be able to pay that debt with their bank(s) either, so they will have to declare bankruptcy and default on their debt too. This domino effect passes the burden on to the banks which can not carry a trillion-level debt either. A bank going bankrupt is a serious issue because it means they can not pay back any of the money in the saving accounts hold by companies or private people with them. So the problem would return to those people Kyle wanted to help in the first place. Also, the collapse of one bank will often result in the collapse of further banks, resulting in a collapse spiral destroying the whole world-wide finance system. Nothing would be gained.
Yeah it's sad. I read in the paper that their Finnish supplier company filed for bankruptcy because Nokia looked to Asia for suppliers. I like Nokia hardware, other phones feel flimsy compared to my N8. The Lumia hardware feels solid too, too bad I'm deterred from buying it because Nokia is going under.
Million dollar taxi medallions are why I'm glad the whole industry is going bankrupt.  They lobbied to keep the supply artificially low, increased barriers to entry, enjoyed their crony capitalist monopoly, accordingly treated customers like shit, and now they're all going kaput off their greed.  No loss whatsoever.
&gt;Because business is GREAT, right? The consumer and retail sectors ARENT suffering in the toilet? The whole economy is flourishing!  Hate to break it to you but it's the republican policies of deregulation and tax cuts we can't afford that got us this shit sandwich.    &gt;Considering most wage earners live paycheck to paycheck and have very little in the way of savings it doesn't suprise me they don't appreciate companies who MUST do this to survive or risk running out of capital and going bankrupt.  Really?  Seems to me like a person living paycheck to paycheck would actually have a very good idea of what it's like to live on the edge of bankruptcy
"&gt;If Nike went bankrupt, should Lebron James NBA salary be taken from him?  Well no, because Nike doesn't own the NBA (that I am aware of anyway),but LeBron might lose his endorsement income via Nike.  The point I am trying to make is bankruptcy law (both corporate and personal) were put into place for individual protection.  It affords us all a kind of ""do over"".  To make it a regular business practice, and in some cases it's your ENTIRE business plan is (in my opinion) unethical and a manipulation of the laws."
&gt; Fourth, even if they ever did go bankrupt, since you already used up your share of their bonds, the other firms can't blame you for that, because you honestly went about using them with no knowledge that the firm would go bankrupt ever.   What if you had knowledge it would, and did this as a scam?  The mere possibility of the above would limit the third-hand user's willingness to accept bonds from unknown companies. It's that simple.
They won't survive. If it looks like they will, the right wing will pass more laws that only aim to bankrupt the postal service. They'll keep hammering until it's dead, hand it over to some ridiculously inefficient monopoly, and then hold it up as an example of how awful government run servhices are. And in a decade or so it'll cost a dollar to send a letter, you'll have to go to the past office to pick up your mail because there's no money in service to your door, and service will take weeks.  Another decade, probably less, and the postal service will be a distant memory, and your only option for physical goods will be FedEx or ... well, nothing, because by then FedEx will have a monopoly. And it'll cost two dollars to send a letter, you'll have to pick it up wherever they decide to send it, and if you don't like it, too bad! Because there will be laws in place making it impossible to start up a competitor.  They'll make billions, delivering worse service for higher prices, and all we'll ever hear about is how awful it was when the government ran the show and incompetently bankrupted the agency.
The reason why we have lots of idle capacity is because we have over capitalized.  Fed res has kept rates far too low for far too long and it incorrectly encouraged producers to over build.  If rates where not manipulated so much to the low side than producers would not have built so much capacity and utilization wouldn't be a issue.  The low rates also encouraged consumers to take out loans and to also not save so that they could buy excess supply.  But all it did was made everyone go into debt to unsustained levels and eventually bankruptcy. Over the last few decades gov and fed reserve have been stimulating, printing, lowering rates to prevent the vicious cycle from crashing... But eventually it crashed under its own weight.  Unfortunatly we haven't seen the end yet because we need to go down more before we can start gong back up.
"That is a great distinction you bring up: Has the Don filed for personal BK or Corp bk? In April of 2011, The Wall Street journal [asked him](http://blogs.wsj.cccom/washwire/2011/04/11/trump-will-probably-run-as-independent-if-he-doesnt-win-gop-nomination/): Should someone who filed for bankruptcy multiple times be running national finances at a time when we have a big debt problem? His Answer? ""I've never filed for bankruptcy."" ...um... to say the LEAST this is semantics, I would classify it as an outright lie. I say that because he slaps the name on EVERYTHING, he is the President, CEO, Chairman of the Board - he is responsible (until things go south) then the investors and debtors are left with an empty shell. Here are some examples: * Trump Plaza Hotel bankruptcy – On Nov 2, 1992, Trump's Plaza Hotel was forced to file Chapter 11 bankruptcy protection after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49% stake in this luxury hotel to Citibank and five other lenders. * Trump Shuttle closure – The Trump Shuttle became no more when it merged with Shuttle Inc, operating as USAir Shuttle in 1992. * Donald Trump personal bankruptcy – By 1994, Trump slashed a large portion of his $900 million personal debt and washed away $3.5 billion in his portfolio's business debt. * Trump Hotels &amp; Casino Resorts' bankruptcy – On November 21, 2004 Trump's company filed for bankruptcy. Trump said the filing was ""really just a technical thing"" as the best way to implement a restructuring plan. * Donald Trump personal bankruptcy (again) – Once again, Trump filed for personal bankruptcy protection and restructured his debt in 2004. * Taj Mahal bankruptcy – On November 22, 2006 Donald J. Trump’s casino empire filed for bankruptcy protection after months of negotiations with bondholders over restructuring a crushing debt. * GoTrump.com – Donald Trump's online travel search engine was launched in 2006. Just a year later it folded.
"India's a very interesting case study. They're economy's exploded and grown by leaps and bounds in the last decade. It's a free market but the Reserve Bank of India's get's weird sometimes.   For instance a lot of these crappy and defaulting loans are because the government (Reserve Bank of India) said to fuel growth you have to make sure a certain percentage of your loan book is made out industries we want to develop. So huge loans were made to construction firms, not because they fit the risk profile of the bank or were good investments, but cause the government mandated it. Ton's of horribly run companies got money they shouldn't have.  Also, public banks pay a lot less than their private counterparts, so you don't have the best and brightest handing out these loans.   India's a fucking mess of laws. Like there's no codified way to declare bankruptcy like there is in the West. So if a company goes belly up, they have to go through this maze of different government offices with contradictory rules so creditors (in many cases, the banks that lent them money) can get some of their money back, IMF said it takes 4.5 years on average for a company to go through bankruptcy proceedings. That's insane!  And because it's India, there's a ton of shady shit going on behind the scenes. Up until 2-3 years ago, loans that the banking industry considers non performing (interest payments haven't been made in 90 days) were lumped in another category and hidden in the balance sheet, so the rest of the world looked at this said, ""well, their NPL ratio is only 3-4% which is fine for developing country"" and continued to rate them highly. It wasn't until recently that we figured out the ENTIRE banking sector wasn't reporting their bad loans properly."
Totally agree.  Donald Trump is all about strategic corporate bankruptcy.  He is notorious for bragging about his net worth and how successful he is...until one of his companies owes money.  Then his assets magically disappear from one company (making it worthless to debtors) and reappear in another (where it is untouchable)... and so goes the new American economy.  *edit Forgot a lette
I've heard people complain about how stupid the articles at Forbes are.  Now I've had a taste myself.  So basically Microsoft is fucked because: 1. Arnold Toynbee 2. They copy other companies 3. GM went bankrupt in 2009 because they separated management from decisions, and NOT because they took on insanely huge pension obligations over the decades since the 1950s  Got it, great arguments.
You are, somewhat hysterically, a creditor. Babies R Us owes you. As such, you have *some* sort of claim.   Now, Toys R Us is undergoing Chapter 11 bankruptcy, which means the company *isn't* going away into the dust from whence it came. At least not yet.   You should be able to either utilize the credit still at stores.   Converting to cash may depend on how you hold the credit. Is it on account with the store, or is it through gift cards or something?  You can certainly sell the gift cards. You may sell at face value or, possibly, at a discount. If you don't have gift cards, you can use the credit to purchase merchandise and then sell that to others. That will translate into inventory risk.
But you don't know the facts and details. They used to have more than 7,000 employees, right now they're at about 6,500.   Companies lay off thousands of people all the time. It could happen very easily. Or what about bringing in temporary, staffing agency or different classed workers to avoid these liabilties? All of these things are possible!  This whole issue around this guy's memo is WAYYYY oversimplified by his critics, who don't know the details.   &gt;AKA: they still have an incentive to grow, you can still make more money by growing a slight increase in taxes doesn't change that  Because business is GREAT, right? The consumer and retail sectors ARENT suffering in the toilet? The whole economy is flourishing!  Reality check: Luxury items like timeshares are NOT in great demand. I would expect his revenue, profits and growth to be completely flat or negative over the short to medium term.  Companies don't just think about the next 90 days, or 1 year or 3 years, this effects their 5-10 year plans. Considering most wage earners live paycheck to paycheck and have very little in the way of savings it doesn't suprise me they don't appreciate companies who MUST do this to survive or risk running out of capital and going bankrupt.
He has had at least [four or more bankruptcies depending which ones you count](http://www.politifact.com/truth-o-meter/statements/2016/jun/21/hillary-clinton/yep-donald-trumps-companies-have-declared-bankrupt/), and at least 3 of them were from active casinos.  Where most of the games are mathematically rigged in the houses favor.    It is kind of mind boggling that he can go bankrupt even running a casino.
You might want to [read this one too... that talks about the bonuses paid out to execs while the company was going under](http://www.michigancapitolconfidential.com/17686).  This wasn't just a well run company that went under temporarily.  They had an awesome product and loads of cash and squandered it at the expense of the taxpayer.   ...  while the executives got rich.  &gt;In sum: The president of the United States, Michigan’s former governor, the state’s two U.S. senators and the U.S. Secretary of Energy promised thousands of jobs from a company that in a mere two years went bankrupt. Despite a bankruptcy or buyout predicted by outside observers, the company continued to reward its top executives while laying off most of its workforce.   Defend that if you want..  me, I'll go look at the few A123 cells that I have and be pissed off that the execs got a dime for failing with a great product.
Wrong message. I initially thought this was true, but it's not as cut and dry as people want to make it seem like it is. People usually try to say that he's just a bad CEO for Sears, and while this is completely true, the long game isn't as cut and dry.   By buying a majority of Sears, he's using his power to authorize the sale of properties to himself, which he's then re-leasing back out when Sears fails to pay him (as Sears' landlord). Lampert isn't looking to fix the house -- he's looking to put the homeowner out of business, buy it, re-lease it to the homeowner, hike up the rates, then when the homeowner can't pay, re-lease it back out to someone else.   It's very tangled and that's exactly why shareholders are going to lose big time when Sears declares Chapter 7 bankruptcy.
I'm not sure if GM fits with other companies that reduced quality to increase profits.  GM had to reduce quality because they are/were overpaying their labor, were stuck in expensive pension payments and were broke.      It seems more like they reduced quality get out of bankruptcy.
Well people aren't going to travel across the country to a casino. The issue though is that Pennsylvania in paricular created new ones that are stealing business from AC. New Jersey has legalized onlline gambling to try to give them an edge to avoid bankruptcy. that is helping slightly and expected to help some break even by the end of the year. However, I seriously doubt a large number will survive. Three will have closed by the end of the year as it is.