In a troubled debt situation, why might the creditor grant concessions to the debtor?
b. What type of concessions might a creditor grant the debtor in a troubled debt situation?
c. What is meant by "impairment" of a loan? Under what circumstances should a creditor or debtor recognize an impaired loan?© BrainMass Inc. brainmass.com October 25, 2018, 9:20 am ad1c9bdddf
a) If a debtor becomes bankrupt and has to officially declare "bankruptcy", then he/she gains sort of a "fresh start." Basically, the amounts owed to creditors would be eliminated ultimately, and creditors may no longer persist in any current legal actions against the debtor or pursue any future legal action. Therefore, creditors would no longer be able to legally collect, thus enforce, the debt owed to them by the debtors who have declared "bankruptcy." Although, debtors would still have to give any surplus income from all his/her accounts, this may be a very small percentage (or barely anything) of the original amount creditors gave these debtors in the first place.
Hence, creditors are motivated to grant concessions to ...
The solution looks at the motivation behind the concessions that creditors may grant to debtors in troubled financial situations, as well as the implications if a debtor were to declare bankruptcy. The tools that creditors may use to alleviate a troubled financial situation, before escalation to bankruptcy, are described. Additionally, the definition and implications of an impairment of a loan are explained.
Effective Commincation Case Study Analysis
Select one of the following case studies:
The selected is The Katrina Kalamity, Ch. 13, which is attached in a PDF file.
-Write a case study analysis in which you evaluate the effectiveness of communication between an organization and its publics.
*Evaluate the effectiveness of the communication between the organization and its intended public(s) in the case study, including the following:
*Identify the different publics involved in the case study. Differentiate between the internal and external publics involved. What impact did the communications have on the intended public(s)? Could the message have been communicated more effectively? How?
*Identify the different PR communication tools and techniques that were used to inform, influence, and motivate the public(s) in the case. Evaluate the benefits and risks of using these tools. What other tools would you have used?
*If this crisis were to occur today, how would new technologies, such as the Internet, affect this case? Because of the recent globalization of markets, would the outcome of this case be different if the events occurred today?
-Format according to APA standards & provide all references used.
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