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#If the u s defaults on its debt

dritaphoto · 2 years

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If the u s defaults on its debt

#If the u s defaults on its debt series

And (2) the leadership in place appears to have some bold plans in place to set America on a path to be more profitable, both internally, and on the international front. So, to come back around to the worrisome headline regarding the possibility of the government defaulting on their debts, I am inclined to think that (1) Inasmuch as it has never happened yet, no matter how bad things have gotten, it is not likely to happen now. Similarly, during a conversation with Yahoo Finance Live on Monday, Secretary of Transportation Pete Buttigieg laid out next steps once the "ink is dry" on the bill to get that money out, and how he's “making sure the American people see the most possible impact.” Diving into exactly what that means, Buttigieg gave people a sense of what to expect: “In practical terms, part of that means routing new dollars through old plumbing, so to speak.” The new $1T infrastructure legislation signed by President Biden on the 15th, sets aside $65 billion for America’s spotty broadband system, the culmination of a years-long effort to make changes to how Americans get online. The Bipartisan Policy Center is also keeping a close watch on this matter, as everyone recognizes that the matter is inextricably tied into the infrastructure investments that are desperately needed (and already earmarked) for the future of the US economy. But the transfer would count against the debt ceiling, as the funds would be invested in non-marketable Treasury securities. 15, a month after President Joe Biden's signing of a sweeping infrastructure bill on Monday. She said the Treasury would be able to make a $118 billion transfer to the Highway Trust Fund required on Dec. 3, giving Congress more time to raise the federal debt ceiling as lawmakers also consider a massive social spending and climate bill. Treasury Secretary Janet Yellen on Tuesday extended a deadline for a potential U.S. dollar as a global unit of account.”ĭays after that, the BBC chimed in similarly: “No one really knows exactly what would happen, but the likelihood is that markets around the world would plunge and global interest rates would rise.” BUT - they added: “Has the US defaulted before?

#If the u s defaults on its debt series

default would set off a series of events, including a depreciating dollar and surging inflation, that I believe would likely lead to the abandonment of the U.S. economy would most likely sink back into recession… A U.S. The dollar’s value could collapse, and the U.S. Tens of millions of Americans and thousands of companies that depend on government support could suffer. Their worst case scenario goes like this: “Investors such as pension funds and banks holding U.S. They cited the instance of political ambitions between the two parties in August 2011 leading to “an unprecedented downgrade of the United States’ credit rating, which caused markets to plunge.” sovereign debt generally has been considered the safest and most liquid to own in the world, and all kinds of financial market products and processes have been pegged to the orderly functioning of the nearly $21 trillion Treasury market.”Ī mere week later, The Conversation chose to go with an alarmist headline: “If the US defaults on debt, expect the dollar to fall – and with it, Americans’ standard of living”. Treasury will run out of money to pay its bills, including bondholders, let alone what would happen next. Market Watch gave a solid response to these questions just two days before Forbes ruffled so many feathers: “It’s important to note that no one knows precisely when the U.S. So, it begs the questions: Can it really happen? When would it happen? And, what next? Some would blame the Democrats or Republicans, but all politics aside, “ the national debt has risen regardless of which party is in control.” Small business loans will become costlier as private lenders are forced to increase their interest rates.” Well, we all know that headlines can be a bit click-baity, so let’s begin by making sure we are all referencing the same dictionary here: running searches under “what would actually happen if the us defaulted on its debt”īack in October (yes, this has been going back and forth for a while) Forbes declared that it would be catastrophic for small businesses.įorbes offered the following as a very brief summary of what would really happen if the US government defaulted on its debt: “Defaulting on the debt would lead to an automatic downgrade of the country's credit rating, driving up interest rates for all Americans. Starting with the headline from Yahoo Finance 06:16, “US government could default ‘as soon as mid-December’ without action: Analysts”

#If the u s defaults on its debt

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pdflong · 2 years

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If the u s defaults on its debt

Net Medicare payments, alone, amount to about $1,100 per recipient. Over 60 million people across America are on Medicare, 75 million are enrolled in Medicaid, and almost 7 million children receive coverage through the Children’s Health Insurance Program (CHIP). Health coverage during a pandemic would also be in doubt. And yet, if we default, these Americans may not receive their Social Security payments on time, or even at all. Among households receiving any Social Security benefits, those benefits make up more than half of household income on average. As shown in Figure 1, the average retired Social Security recipient counts on receiving almost $1,600 per month. In 2015, around 12 million people relied on Social Security as their sole means of support. In 2020, almost 50 million residents received retirement benefits through Social Security, and 6 million received survivors benefits. If the United States were to default, tens of millions-including families with children, retirees, and veterans-would quickly, even overnight in some cases, face the prospect of losing the regular Federal payments that help them to make ends meet. The Federal government would be immediately impaired from carrying out its basic functions, including providing the financial assistance that tens of millions of Americans rely on.Įveryone in America would feel the effects of a default. In this post, we go further, and lay out the risks that Americans and the U.S.-and global-economy will face in the days, months, and years after a default. In an accompanying blog post, we explain what the debt limit is. These and other consequences could trigger a recession and a credit market freeze that could hurt the ability of American companies to operate. credit rating would almost certainly be downgraded, and interest rates would broadly rise for many consumer loans, making products like auto loans and mortgages more expensive for families who are subject to interest rate changes or taking out new loans. Financial markets would lose faith in the United States, the dollar would weaken, and stocks would fall. The public health system, which has enabled this country to react to a global pandemic, would be unable to adequately function.įurthermore, a default would have serious and protracted financial and economic effects. The basic functions of the Federal government-including maintaining national defense, national parks, and countless others-would be at risk. Payments from the Federal government that families rely on to make ends meet would be endangered. If Congress fails to act, it could take decades for the United States to fully recover.Ī default would fundamentally hinder the Federal government from serving the American people. Treasury Department estimates that it will have very limited resources to avoid doing exactly that for the first time unless Congress raises or suspends the debt ceiling by October 18th. This country has never intentionally defaulted on its obligations because of the debt limit. The credit of the United States is built on centuries of stability and responsibility. Get Involved Show submenu for “Get Involved””īy Chair Cecilia Rouse, Ernie Tedeschi, Martha Gimbel, and Bradley Clark.The White House Show submenu for ��The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.American wealth and stability in many forms would be in turmoil. credit rating downgrades can tank stock markets too. Unlike a government shutdown that impacts only non-essential programs, the impacts of a U.S. Payments on student loans, tax returns, and government facilities would shut down. Also, any citizen receiving or set to receive Social Security, Medicare, and Medicaid benefits would lose those programs entirely. Inflation would hit hard and fast.Īny government employee would be out of luck for their paychecks. import prices would rise through the roof, which would make it extremely expensive to live in the country. Meanwhile, investors would hop on other world currencies like the euro or yen. dollar would lose its place in the list of global world currencies. It would cost businesses, governments, and loan recipients of all kinds a lot more to borrow money. debt default could shift this far into the other direction. Currently, the federal interest rate is extremely low while the economy recovers from the COVID-19 pandemic. If the government were to default, tough consequences would ripple out on a global scale: deficit often feels like an arbitrary thing considering it's always rising.

#If the u s defaults on its debt

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zoomeral · 4 months

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What Business Owners Should Know About Business Credit Scores

Just like individuals, businesses have credit scores, too. As is the case with personal credit scores, lenders use them to determine the eligibility of businesses for loans. These lenders include the Small Business Administration, banks, and microfinance institutions. Even suppliers check the credit scores of businesses to determine their eligibility for credit supplies, while insurance companies use them to determine the insurance premiums to charge.

There are three primary credit bureaus that rate the creditworthiness of businesses: Dun & Bradstreet, Experian, and Equifax. They rate businesses on a scale of 0 to 100. The closer to 100 a business’ credit score is, the more creditworthy it is. In fact, most lenders require businesses to have a credit score of above 75 to qualify for a loan.

For a business to qualify for a loan at favorable terms, it must establish and develop credit. To establish business credit, a business must register as a legal entity with the appropriate state and local government authorities, then apply for a D-U-N-S number from Dun & Bradstreet. After this, it can begin trading with other businesses and get a business credit card. The lenders and suppliers a business transacts with will report its payment history to the three business credit bureaus, building its credit score.

Business credit bureaus use various data points to calculate a business’ credit score. These include revenues, assets owned by the business, outstanding debts, credit mix, credit usage, and payment history. With regard to payment history, businesses that pay their bills on time and in full over a long period of time increase their credit score, while those that consistently delay or default on their obligations hurt their credit score.

Other data points that credit bureaus use are drawn from public records. These include tax liens and judgments against a business, both of which may lower a business’ credit score.

When a business applies for a loan from a lender, the lender will contact the credit reporting bureaus and ask for the business’ credit report. This report typically includes information on the business, such as biographical information (address, D-U-N-S number, phone number), operational information (sales, number of employees), ownership information, industry classification, payment history, and credit score. This information will guide the lender in deciding whether to lend to the business or not.

This information is not only available to lenders. All businesses can apply to the credit bureaus to get their credit reports, although they will have to pay a fee to do so.

It is important for businesses to regularly review their credit reports with credit bureaus. This way, they stay up to date with their credit scores and make timely changes to their business operations to keep their scores high. In addition, they can identify and fix mistakes on their reports, and even spot suspicious activity that may indicate identity theft or fraud.

Business owners that are dissatisfied with their credit scores can take various steps to improve them. First, they should get up to date with their financial obligations. This means paying off all outstanding debts and bills, including utilities. Next, they should try to reduce their debt levels and increase revenues and cash flows. Limiting credit usage is another critical step. Rating agencies look favorably on businesses that use only 25 percent of their available credit. When a business maxes out all its credit cards, it could mean that it’s in financial distress.

Another important action businesses should take is to separate their personal and business finances. They should have separate personal and business bank accounts, as well as separate personal and business credit cards. This limits their personal liability for business expenses while ensuring poor personal credit does not impact business credit.

#Zoomeral

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wugtnews · 1 year

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Yellen warns Congress that the US may not have enough money to pay its bills by 5 June

Treasury Secretary Janet Yellen told Congress that if lawmakers did not act to raise the federal ceiling of debt in time, the U. S. would default on its debt obligations as early as June 5. source https://www.wugt.news/post/business/May-28-2023/Yellen-warns-Congress-that-the-US-may-not-have-enough-money-to-pay-its-bills-by-5-June

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stylusolutions · 1 year

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NPA Consultants Private Limited is headquartered at Mumbai, India under the Chief Mentorship of Dr.Visswas [ B.Com, LL.B., M.A. (Eco.), A.C.S. Ph.D.(UK) ], an Ex Banker and an Advisor to All India MSME Association (AIMA) and SME Chamber of India. The Company has a dedicated team of professionals from the fields of Law, Finance and Banking and provides services to Domestic and International Companies on:

Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

img NPA Consultants specializes in NPA management and all other related matters under IBC such as CIRP process, resolution plan, liquidation process, taking over as going concern u/s 230 of the companies Act 2013, Guiding and providing ancillary services to the resolution professionals. We have about 40 resolution professionals and more than 25 legal firms associated with us. We are also advising on NPA matters to Mumbai District Central Co-operative Bank and few nationalized Banks on selective basis. Today the top Resolution Professionals carrying out the insolvency and liquidation processes for the companies in India are proud to be associated with us and are our true assets.

NPA Consultants Pvt. Ltd. is providing unparalleled services to MSME’s. While doing so, we are providing them total guidance in a pre and post NPA situation. While we educate them of their rights as a borrower and also encourage them not to get depressed in a stressed situation, we make an in depth study of their case and advise them to initiate some precautionary and corrective steps to protect them from the aggressive recovery measures adopted by the Bank. Not only that but if the client has business prospects we also facilitate in organizing business finance through alternate methods. We play a major role in arriving at an amicable settlement with the Banks which the borrowers fail to do at their level. Thus our clients get one stop solution for their Banking, Legal and Financial matters.

NPA Consultants has a team of distinguished experts from the fields of banking, legal and finance that includes Sitting Director- Reserve Bank of India, Former Managing Director- Central Bank of India, State bank of India, State bank of Hyderabad, corporation bank, Former chief General Manager of IDBI & Former General Manager of Bank of Baroda. Dr. Visswas has shared the Board with Ex-Chairman of Bank of Maharashtra, Ex Executive Director of Reserve Bank of India, Ex-Chairman Ingersoll Rand (Tata Group). Dr. Visswas has worked in close association with the General Managers of Industrial Finance Corporation of India (IFCI), Executive Directors of Industrial Reconstruction Bank of India (IRBI), Industrial Development Bank of India (IDBI), Chairman and Executive Directors of ICICI Bank and Merchant Banking Division Head of ICICI.

NPA Consultants has a young, dynamic go getter team for handling the Banking and Financial requirements of its clients. They are trained under the able guidance of Dr. Visswas and are dedicated to give qualitative & quantitative output in the given time frame. The team also comprises of Advocates and Counsels providing out of the box solutions and desired results even in the most critical cases.

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

After the introduction of The Insolvency and Bankruptcy Code (IBC) in the year 2016 the Industrial Investment in India has become more attractive and is beneficial to the industry as well as the investor. The defaulting promoters has got new avenues to come out of the problem and revive the industry. We at NPA Consultants have been successful in facilitating all stakeholders in various cases undergoing the insolvency resolution and liquidation process under IBC. NPA Consultants has been successful in effecting resolution and liquidation process to the tune of USD 100 MN in a single case.

Over the years NPA Consultants has ventured synergies with bankers and financial institutions and established direct access with the top decision making bodies in various Banks and All India Financial Institutions. It has mastered the art of getting approvals under complex banking mechanism.

Though the common goal under multiple or consortium banking cases is RECOVERY of the loan, the real challenge under CIRP or under liquidation is to bring the diversifiedly interested bankers to arrive at a common acceptable decision. The main aim at NPA Consultants is to devise and diversify the deal suiting the NPA borrowers, Banks or Financial Institutions thereby creating a win-win state for all.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India. For More Information - https://www.npaconsultant.in/company-profile

#Get Best Academic editing services #academic copy editing services

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npaconsultant-stuff-blog · 1 year

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Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

#npa services best npa management #Best NPA Management

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warningsine · 2 years

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Credit Suisse shares slumped by as much as 30% on Wednesday after its largest shareholder said it could not provide further support, prompting the Swiss bank's CEO to make new assurances on its financial strength.

Saudi National Bank (SNB) (1180.SE), which holds 9.88% of Credit Suisse (CSGN.S), said it would not buy more shares on regulatory grounds.

Shares in Credit Suisse, which is battling to recover from a string of scandals that have undermined the confidence of investors and clients, were down about 17% in early afternoon trading, after shedding as much as 30% to a new record low.

In a sign that regulatory authorities are tracking developments, European Central Bank (ECB) officials contacted lenders it supervises to ask about financial exposures to Credit Suisse, a source familiar with the matter told Reuters, confirming a Wall Street Journal report.

Meanwhile, the falls in Credit Suisse's market value also prompted action among politicians with French Prime Minister Elisabeth Borne saying that Finance Minister Bruno Le Maire would speak with his Swiss counterpart in the coming hours.

"The Credit Suisse situation is for the Swiss authorities to deal with," Borne said in the French Senate.

Credit Suisse CEO Ulrich Koerner moved to calm nerves, saying the bank's liquidity base remained strong and was well above all regulatory requirements. Koerner had said earlier in the week Credit Suisse's liquidity coverage ratio averaged 150% in the first quarter of this year.

The Swiss National Bank declined to comment on the fall in shares Credit Suisse shares.

Credit Suisse on Tuesday published its annual report for 2022, which said it had identified "material weaknesses" in controls over financial reporting and had not yet stemmed customer outflow.

Switzerland's second-biggest bank had seen fourth quarter customer outflows rise to more than 110 billion Swiss francs ($120 billion).

Exane analysts said they saw a bailout by the Swiss National Bank and financial regulator Finma, possibly with one or more other banks, as the "most likely scenario" facing Credit Suisse.

They also raised the possibility of a u-turn by Saudi National Bank, which upped its stake in Credit Suisse last year as part of a capital raise to bolster its financial strength.

"We cannot because we would go above 10%. It’s a regulatory issue," SNB Chairman Ammar Al Khudairy told Reuters on Wednesday.

'GAME-CHANGING'

Credit Suisse's plunging stock price has re-ignited jitters among investors about the resilience of the global banking system after the collapse of Silicon Valley Bank last week.

"There has to be some kind of game-changing decisive action to reverse and stabilise the situation," Exane's analysts said.

Among the biggest decliners in European banks on Wednesday were French lenders Societe Generale (SOGN.PA), down 12%, and BNP Paribas (BNPP.PA), which fell by 9%.

Ralph Hamers, CEO of Swiss rival UBS (UBSG.S), speaking at a Morgan Stanley conference on Wednesday, said UBS had benefited from recent market turmoil and seen money inflows.

"In the last couple of days as you might expect we've seen inflows," Hamers said. "It is clearly a flight to safety from that perspective, but I think three days don't make a trend."

The cost of insuring the company's bonds against default shot up. Five-year credit default swaps on Credit Suisse debt widened to 574 basis points from 549 bps at last close, based on data from S&P Global Market Intelligence, a new record high.

#credit suisse #finance #economy #news

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sips-tea-cutely · 2 years

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Can I request playing animal crossing with the DrV3 boys 🤧🤧

NDRV3 boys playing Animal Crossing

a/n: I LOVED WRITING THIS OMG

#Kokichi Ouma

named his island equestria…/j. in all honesty it was probably named DICEland

HE LOVES zipper so much its lowkey concerning

probably decorated his house with all the easter furniture JUST to piss people off

ALSO has a love-hate relationship with tom nook cause on one hand, he loves how cheeky nook is but on the other, kokichi is so lazy to farm any bells he couldn’t expand his house after paying debts 😭😭

loves to hit his villagers with his net to make them angry (esp bam, reminds him of kaito….)

lowkey vengeful too??? if there was a loot floating around and he was talking w a villager, he would hit them with his net as ‘payback’

his ac profile pic is him w a flimsy axe behind you… ITS /J PROMISE 😭😭

speaking of you, he LOVES to co-op w you, gonta and maybeeee kirumi. his fav thing is to play hide and seek or tag in the game (he always wins at h&s ☹️)

#Korekiyo Shinguji

named his island the default name (Mytown)

he doesn’t rlly have opinions abt his villagers but he really favors blathers, respects his work ethic and likes to listen to his rambles abt the insects

im only /hj when i say that even his house is a dedication to anthropology… like you could walk in and you’d just say “yep this is kiyo’s house.” he used the imperial set + the fossil plaque and incense burner omg lowkey aesthetic tho

i feel like he didn’t know you could have more villagers so for like 9 months, he just stayed there talking to his two villagers BYEE 😭😭😭

LOVES TO FARM!!! omg i wouldn’t be surprised if he could pay off his debts one after the other (although his fav is to look for the fossils)

he also wouldn’t mind if u needed help farming too he just.. REALLY likes farming

he loves co-op!! only requirement is that you must be beside him so he can also see your screen and see him walking around its so cute 💀💀

#Gonta Gokuhara

named it… the island i did NOT ask a gonta bot how dare you

loves blathers!! when i say love, i mean LOVES blathers. loves to bring him bugs but got sad when he saw blathers disliked them

HE USED THE SANRIO SET!!! his fav part of it is the kerokerokeroppi tray ITS SO CUTE <333

FAVE THING is to catch butterflies and tarantulas tbh wouldn’t be surprised if he filled his inventory w them

OH speaking of bugs, instead of running away from wasps, he tried going towards them and had a meltdown when they stung him…

HIS AVATAR’S FACE IS SO MESSED UP….. he honestly didn’t know that you could heal your face until u saw his avatar omg 😭😭 (kokichi then told him you could die and he started to be more careful ☹️)

omg dont let me get started about co-op + gonta… HE INVITES YOU TO ONLINE DATES AND AND YOU RUN AROUND HIS TOWN 😭😭😭🙏🙏🙏🙏

#Shuichi Saihara

named his town clair de lune (bc he was playing at night and he liked the music at night (clair de lune meaning moonlight))

his fav is bam, likes how hes so much like kaito 😭😭. might even challenge him occasionally

also he HATES tom, timmy and tommy ☹️☹️ reminds kokichi 🤬🤬🤬

OFDKDKREJH he loves to interact with villagers and decorating his house (he def has island togetherness and DIY furniture lv. 5)

tbh his house isn’t rlly much to gawk at but it does def look like a stereotypical detective’s office (coffee, corkboard) w just… a bunch of wreaths in every room

doesn’t like co-op??? he prefers to switch nintendos w you and letting him explore your island while you explore his AHHSSJSJ 🙏🙏

^^ STILL DOESNT MIND IT!! would def love to play w you and kaede. omg and when he found out you could emote? “you paid off your debt? that’s great, s/o! *clap emote*”

#Rantaro Amami

HE NAMED IT [insert your ship name]’s island 😭😭🙏🙏

loves shari, thinks its cool how she can make leaf umbrellas!! thinks her ‘cheeky’ catchphrase is rlly neat

DESIGNED HIS HOUSE FISH RELATEDDD (so many aquariums + the fishing boat flag..)

unlike ppl like kokichi or gonta he doesn’t login daily, he logs in on weekends and when u wanna play tbh

in shsl adventurer style, he likes hunting! i wouldnt put it past him to show you all around his museum tbh, ITS SO.. FULL 😧😧😧😧

he also.. BUILT A PARK FOR DATES??? there are so many flowers of your favorite color, it’s placed nearest to the stars— he’s such a romantic… 🙏🙏 (gotta find myself a rantaro…)

#K1-B0

named it World001.. i love being robophobic 🤭🤭

loves the wisp, kokichi was talking abt how knowing they were annoying for being a scaredy poo and kiibo WENT‼️OFF‼️

tbh hes the type of player that never does the main quest, JUST the side quests, id be so angry…

def is the type who gets motivated for a ‘complete’ profile. naww cause he has so much nook miles…

dislikes zipper, thinks hes creepy.. he heard about the thing where you go out of the screen and zipper starts acting normal and it just gave him the heebie jeebies

he *cough* “cries” when he gets mail… ESP THE ONE FROM MOM!! s—shes so kind?? like he was professor idabashi’s experiment so he never received maternal love it’s just so nice 😭💖

#Kaito Momota

named his island space fantasy (after the universal studios jn ride…)

fav is gullivar, likes his pirate get up and the way he speaks

hes the type of player who has to google everything 😭 like at first he tried doing it without a guide but then after the debts, he gave up

i bet his search history is a lil like ‘how to get abs 1 month’ ‘why is it bad to forge your age’ ‘how many years do you go to jail for age fabrication’ ‘animal crossing step by step’ ‘how to get gullivar on my island’ ‘how to challenge bam’(/hj)

def always fights w bam too (fishing, bug hunting, etc) 😭😭 but like its healthy competition so its ok

HATES THE WISP 🤬🤬 he has the wisp quest and is NEVER finishing it (also lowkey reminds him of pre-workout shuichi and yea… 😨😨😨)

LOVES TAKING PICS WITH YOU?!?!?!?! he saved so many photos of him and you looking at the sky, your avatar smiling, and a pic of bam locked in a fence square (don’t ask…)

#Ryoma Hoshi

he he honestly didn’t put much effort into it since he wasn’t interested at all at first (just named it island…)

omg his house is either all or nothing at all; he mightve just inserts the decor he thinks looks neat or didn’t see the reason why to lose sleep about it and just left it at the default furniture ☹️☹️ (ryoma have some fun plz)

his favorite is saharah cause he appreciates how she makes the own living (he bought alot of rugs but didn’t hv enough space 😭😭 (he didn’t wanna fall for toms schemes & expand))

he also relates a lot to totakeke not the hippie part but the mellowness i something he likes alot

tbh he plays only maybe 6 times a month? he likes to check in on his villagers 💖💖

ngl he doesn’t prefer co-op, he mostly likes to watch you instead and give you advice based on his own experience

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sondepoch · 4 years

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HC: Married life with the boys!

With one chaotic human and a handful of boys too attractive for their own good, it's always been a simple matter of time before love found its way into the Devildom. And where love blooms, marriage often follows—and nothing will stop these boys from giving their human all the love in the world.

Word Count: 5.9k

*Mild NSFW themes for Beel & Diavolo ;)

Characters: All Brothers + Undateables - Luke

MASTERLIST

Lucifer

It highkey blows everyone’s mind when the two of you get married

Because absolutely nothing changes

Lucifer still reprimands you if you do something ridiculous, he still crosses his arms and frowns when you tease him, he still sends a scowl your way when you mess around with Diavolo - if anything, the two of you are distant, and alarmingly so to everyone who gazes upon the supposedly happy couple

But that’s only because they can’t see what goes down in private

And yes - the grass is greener behind the closed door of Lucifer’s study

It was different when the two of you were simply in a relationship: Lucifer’s pride was always there. He would allow you to have your way with him, touch his hair and kiss him and hold him, but he could only reciprocate so much

But now that you’re married?

If anything, Lucifer’s pride dictates that he now has to be open with you, the single person he trusts more than anyone else in the world

Something that he can only do in private

And honestly - you savor moments when you’re alone with him because of it

For the first time, he is the one to initiate contact. The barrier of pride is broken, and in its place lingers Lucifer’s neverending desire to be wrapped in your arms

It doesn’t matter if you’re smaller than him, you are big spoon

You pamper him, giving him all the forehead kisses and tight hugs and quiet handholding he could ever desire. And in exchange, he finally becomes honest with his emotions - finally casting his pride away so that he can ask you when he wants a hug, when he wants a kiss, when he’s needy for affection and love, and he wants you to give it

It’s reached the point where he only wants to be alone with you, eternally savoring the feeling of your arms around him and pulling him closer - finally vocal about his desires

But he does feel guilty that he can only do this behind closed doors

So slowly, very slowly, he tries to sacrifice his pride and begin treating you different publicly

It starts small: a more tender voice whenever he addresses you, a secondary “are you sure?” whenever he’s worried that you’re uncomfortable, a ghost of a smile on his lips when you laugh so merrily

But soon, it morphs into small touches: fingers brushing against each other when you walk, a hand on your back when you’re next to each other, standing closer to you than everyone else

Slowly, the people around you become relieved. They start to understand that you are like any married couple, but that Lucifer was simply having a hard time adjusting to the abrupt closeness

And then, on the day when you and his brothers throw him a surprise birthday party, Lucifer is so overwhelmed by love that he kisses you then and there, right in front of everyone, pride be damned

And the process is slow going, but eventually he becomes as open with you in public as he is in private, until the two of you are so close that it seems nothing can ever keep him from holding your hand the way he wants again

Mammon

s m u g

It still blows his mind that you chose him out of everyone, that you chose him to marry and love and spend the rest of your life with

And while he is absolutely dumbfounded by this fact, it won’t stop him from rubbing it everyone else’s face at every chance

“Hey guys, wanna go to this all-inclusive resort next month?” Mammon grins, an uncharacteristically innocent smile on his face. “I’ll pay and all!”

“Oh, yes!” Asmo squeals while Beel’s ears perk up at the word all-inclusive. “I have so many cute outfits that I can’t wait to wear!”

“Oh wait, my bad!” Mammon exclaims dramatically, a silly grin on his face. “Looks like it’s only for married couples. Guess I’ll just take MC then, sorry guys!”

PDA turns up by 10000000%

Man is a touchy demon by default, so in private (now that you’re married) he finally has the courage to quietly cuddle you the way he’s always wanted to

But bring him into public?

Oh boy

You cannot get him to stop touching you. Ever.

There is always a hand on your butt, or two arms around draped around your neck, or a single arm linked with your arm, but no matter what, Mammon makes sure that you guys are touching and that you are intimate

The only time you’re in public and he might not actively touch you is if you’re the one touching him - and holy hell, when you do, this demon melts in your hands

LOVES it when you get possessive. Man wants you to be greedy with him, just like he is with you, so if you yank his attention away from other demons in a fit of jealousy, he’ll just find it hot

Tangibly, the nature of your relationship hasn’t changed much after marriage. You both still live in the House of Lamentation (though you have moved into his room) he’s still in debt (but things are better than before, and Lucifer doesn’t shout as much), and he still has an only slightly unhealthy obsession with Goldie (fixed only by the fact that you have told him that no, he should not sleep clutching his credit card like a teddy bear)

But inside, marriage means everything to this demon

Man was assertive before, but never confident, ya know? All those big, fancy words were more of a coverup for his insecurity after being made fun of for so long

But now?

His confidence is real

And because of it, being around him is actually easier. He doesn’t need to call himself The Great Mammon or remind you to come to him when you need protecting - because at last, he believes those words

Why?

Because when he falls asleep every night with his head buried in the crook of your neck, it’s to your words of praise, slowly but steadily building his confidence up

And he loves it

(Bonus:) When he proposed, he proposed with ten rings because “you’re better than everyone else so you deserve more rings than everyone else”

Leviathan

Sigh

This man really tried to talk you out of marrying him

Of course, by that time the wedding date was already final and everything ,so you shut him up with a firm whack on the back of the head, but that never stops Levi from being continually insecure

It’s not that he doesn’t want to be married to you

It’s that he’s worried you’re missing out on something by being married to him

Poor baby is so precious

And so insecure

At the beginning of your marriage, it takes hours to convince him that he’s not “unworthy” of your love

Often in the morning, you’ll be able to tell that he’s having self-deprecating thoughts just by the look in his eye, so you’ll cuddle and kiss and love him for hours until it’s almost lunchtime - and only then, after hours of you reassuring him and reminding him why you love him, does he begin to believe that he isn’t a “yucky otaku”

For the remainder of the day, Levi makes sure to repay you in full - literally showering you in love as he makes you his Player 2 for every video game, going as far as to allow you to sit in his lap while he reads manga over your shoulder

And while things often reset at night - and the next morning the demon looks equally fearful about your decision to marry him, there’s no denying that the amount of time it takes to convince him that you love and want him is growing shorter and shorter

And then, one day, when Levi wakes up, he doesn’t have that look in his eyes at all

And he just straight up kisses you

This is the story of why Levi kisses you every morning, first thing in the morning (even if it’s just a forehead kiss)

Man is eternally grateful to you for bearing with him (despite you insisting that you weren’t “bearing’ with him - you were doing it out of love) while he was so hesitant and fearful, and vows to return every ounce of love tenfold

Man will do anything for you

Of course, he still prefers to stay indoors and to marathon TSL with you

But he does stop glancing away every time you praise him, and all the instances where he might have previously insulted himself now turn into simple blushes where he wraps you in a hug to hide his warm cheeks

Man is surprisingly touchy, even when he’s not fighting with other for your attention

100% sleeps best if you’re spooning him - no questions asked

(And please don’t ask questions - he’ll get so embarrassed)

And yes, after much begging him, he does finally purchase a bed for the two of you to sleep in instead of his bathtub (which is surprisingly comfy, given that you can just lay on top of Levi and cuddle him)

But yes, sometimes he will randomly lift you up in the middle of the night and carry you to the bathtub, because while there’s no chance this man is letting go of you as you sleep, he will always prefer the bathtub

Sigh

But you love him anyway <3

Satan

No one would have thought that the Avatar of Wrath would be able to lead such a peaceful life, but the second you guys get married, that’s what things are

Peaceful

Man treats you like royalty, making sure that things are always perfect for you

Mornings are no longer spent at the dining table, but are instead spent on the small table in Satan’s bedroom, where the two of you roll out of bed every morning and lazily curl up together on the same armchair while drinking tea and coffee, chatting about whatever dreams you had

Afternoons are quiet: Satan’s nose in a book and your fingers occupied with whatever your favorite pastime is, but you guys are always right next to each other, always touching in some way

Evenings are calm - Satan will sometimes play a disc of your favorite human world band or will put on some music of his own preferred Devildom artists, and the two of you will simply talk until it’s nighttime and you both are sleepy

In essence, man mellows out after you marry him

And the reason?

He always feels so calm. It’s like you’ve quelled the eternal storm within his heart by marrying him, by promising that you’ll spend the rest of your lives together - and Satan hardly thinks he has any need for emotions like rage and anger when he always feels so blissfully happy with you

It becomes his favorite thing in the whole world to just pull you onto his lap and play with the ring around your finger, listening to the sound of your voice

He’s just so soft for you

Highkey wants to spend the rest of his life locked away inside his room with you, away from other people and other things that make him angry, but he will venture out into public with you because he knows that there’s value in exposing oneself to various social environments

In fact, now if he leaves the house at all, it’s usually with you by his side

His favorite place to visit is 100% the cat shelter, with the local, cozy bookstore taking its place as a close second

But this man will not hesitate to throw hands with anyone who disrespects you

It’s actually one of the reasons why he finds it so tedious to go outside - because no matter what, there’s always some foolish demon that treats you poorly, and then Satan’s disposition dictates that he can’t let that demon go home until the fool learns his place and apologizes

Of course, after the whole ordeal you guys 100% go somewhere to cheer each other up, and that’s the story of how you become the local ice cream store’s most valued customers

But Satan will always prefer being safe in his room with you, surrounded by his books and your things and everything that screams home

And are you guys secretly hiding a cat in your room?

Who knows?

All you can say is that when the stack of “books” eternally buried under Satan’s desk sneezes, it’s not because Satan “enchanted them” to do so

;)

Asmodeus

d e d i c a t e d

h u s b a n d o

Anyone can see the switch in Asmo when he settles down and marries you

Man changed when you guys started dating for sure. His posts on Devilgram began featuring you, he spent money he would have spent on hair products on buying you gifts, he stopped talking about himself and began focusing on complimenting you

But now that you’re married? And shit is official?? And you’ve actually legally sworn that you want to spend the rest of your life with him???

It’s the first time Asmo cries tears of joy

Man pulls a full 180 - there’s no longer any such thing as Asmo, or even MC. No, the two of you are now a package deal - and everywhere you go, it’s Asmo AND MC

And the whole Devildom knows about you two

And really, how could they not?

Ever since Asmo made that one post on Devilgram where the two of you are posing, flashing the camera your engagement rings - every single post Asmo has made is of you

In fact, some of his posts don’t even have him in it - they’re just you

Because this boi is so smitten for you

And he wants the whole world to know it

You guys start matching everything (or everything that’s fashionable. matching t-shirts are NOT the wave, honey, so put those back)

Nail polish? Matching. Jewelry? Matching. Aesthetics? Matching.

Asmo has so much love in his heart that it literally comes pouring out in every action he does

Man will miss his beauty sleep for you if you ask him for a glass of water in the middle of the night. And better yet, he won’t even complain if you keep him up late, as long as it means he gets to hold you close and shower you in kisses

And if you thought Asmo before marriage was touchy, then you have a big surprise in for you

Asmo’s touches are no longer sexual. (Or some of them are, but only when you’re ready for it ;)) He’s now more preoccupied with the closeness that accompanies touching you, and so his skin is always brushing by yours even in the briefest of touches, because it always sends such a lovely rush of warmth to his heart whenever you touch

Everything reminds him of you

Man will send you pictures of trees, birds, flowers (honestly anything beautiful) with the caption saw this today and it reminded me of you xoxo

And though he maintains the ruse of this being completely casual, that this marriage is just another wonderful thing that’s happened to him, you know that he never stops fangirling over the fact that you’ve actually chosen him to love and marry

And yes, he was an angel born to be loved: he was the jewel of the heavens and everyone who looked upon him was instantly charmed

But to him, none of that matters

The only love he cares about is yours, and now that you’ve given it to him, you’ve literally brought heaven to him because there’s nothing in the world he would trade for this

Beelzebub

Imagine being married to Superman

That.

That is what this marriage is like.

To the rest of the world, you are literally untouchable - because the moment you marry him, Beel will not allow anyone to mistreat you

Did you think he was baby? That he was precious?

Well, you were right. But now that the two of you are married, he looks at you with that same lens of protectiveness, and he wants to shield you from all the evil in the Devildom

Man is devoted in public and in private: nothing will stop him from showcasing his love for you

Expect to be offered food at all hours of the day, to be lifted up and hugged at random, and to be given forehead kisses on the daily

And listen, when Beel kisses you on the forehead in public, it’s not just a show of affection to show the world how much he loves you. It’s a silent threat to anyone who might hurt you - a silent warning that Beel has extended his protective domain over to you, and now anyone who messes with you is messing with him and will not be shown mercy

That’s only in public tho - in private, this man goes back to being the most precious thing in the world

Many

KISSES

Contrary to public expectation, Beel is just like his younger brother in that he adores lazing around with you in bed, laying kisses across your skin for hours on end while you just sigh in bliss

He just adores the intimacy of the whole situation alongside the sensation of your smaller frame being literally enveloped by his own

His favorite thing in the whole world is laying on his side with his head resting on top of yours, your back pressed against his chest while he hugs you from behind and listens to you rant about whatever. And while this is going on, he will absolutely slide his ring off his finger and absentmindedly slide it onto yours, watching as the larger band dangles so loosely off even the thickest of your fingers

It actually opens up a whole new kink realization to him: that he adores seeing you in his things and watching the way your smaller frame is nearly swallowed up by all his clothes

And while it has always been normal for you to casually wear his shirts and walk around his room in them without anything else on, the fact that the two of you are married gives him the confidence to sneak you out of his room looking like that, where you occasionally run into his brothers. And the sight of you dressed in his clothes in front of other people awakens a side of him that he never knew existed

100% tries to get you to leave the house looking like that

“Babe, I can’t wear this outside”

“Why not?”

“Because I’m not wearing any underwear beneath this and if the wind blows, then—”

“You’re not wearing any underwear?”

And then Beel realized that he really had discovered a new kink

Belphegor

The marriage no one foresaw

Nah, but fr tho

It’s not that Belphie doesn’t love you - even a blind man can tell that he’s hopelessly fallen for you

It’s just that you guys were acting like a married couple so long before you guys got married that no one thought there was any point in actually sealing the deal

And honestly, things really don’t change much after you both get married

You still sleep in the same bed, you still cuddle each other at night, you still bicker back and forth

From a distance, it seems like the nature of your relationship is entirely unchanged, save for the fact that you both have matching bands around your ring fingers

B U T

That’s only because no one else can see how Belphie treats you in private

Where there would once be peaceful naps where he dozed off on your thighs to the feeling you playing with his hair, he now spends that time lost in slow conversations with you, their topics varying based on whatever has popped through his mind that day

Man realizes that, now that you’re his spouse, he wants to know everything about you

And he’s willing to spend all the time in the world learning these things

He’ll lie you down on the bed and play with your hair, asking you the most random questions

“Do you dislike mushrooms?”

“If you had a pet frog, what would you name it?”

“What do you think of stickers?”

Of course, that may be because your answers are utterly ridiculous

“Only if they stand over four inches”

“Fluffy”

“They’re only good if they smell good”

And for the longest time, you really only humor his questions with responses because, well, he’s your husband and you think that he just wants to get to know you better (albeit in a rather unorthodox method)

But then, one day, the two of you are casually walking through the Devildom market in preparation for it being Belphie’s turn to make dinner, and the demon selects the ingredients to your favorite dish without even consciously knowing what it is

And you realize that every question you answered was one Belphie took to heart, and that the reason he always wants to learn so much about you is so that he can use the information to be the best husband he can be

And when you figure it out, you nearly tackle Belphie to the ground in a hug, because you’re so touched

“You’re the best husband ever!” You murmur, wrapping your legs around his waist as you bury your face in the crook of his neck, clinging to him like a koala as you trap him in an embrace he can’t wriggle out of

“Did you really just realize why I always ask these things?” Belphie questions, sighing as if he’s disappointed

But even he can’t hide the small grin that creeps onto his face as you hug him tighter, and you know he’s just savoring the affection. And who are you to deny him any?

Solomon

cHAoTiC

Arguably the most stressful marriage, but not for either of you: for the people around you

You guys are that couple

Things were hectic enough before, when you guys would pull pranks on the demons every time you were together. But now that you’re in love? And married??? And ALWAYS together?!?!?

RIP to everyone around you

The two of you never really seem to grow old - your energy is seemingly inexhaustible and you’ve already pranked all 72 demons that Solomon has pacts with four times over (and yes, that does include Barbatos, who has now made multiple threats to break the pact)

But, again, this is one of those instances where there’s a sharp difference between how you guys act in public vs. in private

In public, things are a hot mess. You guys are always laughing, always joking, always smiling

But in the privacy of Solomon’s bedroom, without any potential targets for pranks and any demons that you guys need to keep your guard up around, things change substantially

Contrary to public expectation, you guys are almost completely silent when you’re alone - but it’s not an awkward silence, by any means. No, the silence that you and Solomon find is nothing short of comforting, and every time you guys escape to the confines of his room, you both let out a breath neither of you realized you’d been holding

Because although you guys are strong, and arguably the most powerful team of humans in the Devildom, the fact remains that you guys are human.

And you can only let your guards fully down around each other

Nights are spent in the absence of any loud laughter or obnoxious rackets, the two of you preferring to savor the sound and comfort of silence. You guys fit together like pieces to a puzzle, and no words are necessary for the two of you to change into your nightwear and snuggle up under the same blanket, soft sighs escaping your lips the moment your skin comes into contact with one another

It’s only times like now, when there’s no one else in the world around, that you both can find true peace

And on nights like these, Solomon will just hold you close to him, sometimes pressing his forehead against yours, and he’ll stroke your sides softly, thumbs rubbing soothing circles into your skin

And of course, you’ll reciprocate in full, pressing soft, open-mouthed kisses to the man’s jaw as he continues his ministrations, sometimes letting out a quiet hum of contentment as you pull him closer

It’s a relationship where speech isn’t necessary; you guys are so in sync with each other and so helplessly in love that words only complicate things

But still, on occasion, one of you will open your mouths to disrupt the silence, and on nights like these, there’s really only one thing either of you will even consider saying

“I love you”

And if there’s one certainty in life, it’s the fact that the other will repeat the same phrase back, punctuating it with a kiss that reminds you both why you love each other so much

And just how worth it this marriage really is

Simeon

The marriage that everyone foresaw

Nah, but fr tho

This is the relationship where everyone knew about it except for you two

Even the day Simeon proposed: it was so spontaneous - he was planning on doing it the following week - but every single person who crossed paths with him could see how helplessly in love he was with you, so it shocked no one when the two of you announced the “surprise” that you were getting married

And this is arguably one of the best decisions you have ever made

In every way

Simeon’s an angel, so marriage is probably the most important to him out of everyone. He was treating you like royalty long before you two got together, but now that the two of you are married? This man CANNOT hold back. And believe him, when he says he will get you whatever you want - he will get you whatever you want

Funny part is, most of the time, this man knows what you want before you do

You’ll be diligently taking notes at the RAD library and you won’t realize that your pencil is blunt until the words are barely legible - but when you get up to find a sharpener, you’ll see that Simeon tossed one onto your desk right before he left to grab a book

You’ll wake up at three in the morning and realize you’re thirsty - but the moment you open your eyes and sit up on the bed, Simeon will already be there with that charming smile and a glass of water in his hand

You’ll be returning from a session of painting your nails with Asmo, only to realize that there’s no way you can grab your keys from your pocket without smudging the semi-dry nail polish - and Simeon will miraculously come home at that second, kissing you on the forehead before opening the front door for you

Like seriously, it’s a gift

Of course, then there comes the day where you try to return the favor, trying to study the way his eyebrows furrow as he reads his book to determine when he’s about to stop and turn on the TV instead (only for you to triumphantly hand him the remote)

And then the affection never ends and the rest of your marriage is characterized by nonstop trying to outdo each other in thoughtfulness that everyone just looks at and sighs because it’s so wholesome

And will Luke become your and Simeon’s honorary child?

Absolutely.

And does Luke hate this in every single way?

Oh yes:

“This is ridiculous! I am two thousand years older than MC! You can’t expect me to have to listen to them every time they tell me to do something! They should be listening to me!”

“Watch your language, young man,” Simeon warns. “I won’t have you talk that way in this house.”

“It’s not even a house!” Luke screams in defiance. “And I refuse! I will say what I want, when I want, and how I want!”

“That’s enough, Luke. Go to your room and think about what you’ve said until you’re ready to apologize!”

And God help Luke the day he accidentally calls Simeon “Dad,” because nothing can break the family after that moment

Barbatos

“Teach me.”

Listen, marriage isn’t a concept that demons are familiar with

They love you, so they’ll do it for your sake - but if a demon weds a human, the demon is 100% playing it by ear and desperately hoping that they’re doing things right

But Barbatos?

Nah, this man gives everything his all, and you’re more important than everything combined. So suffice it to say that when he marries you, he is committed to being the best husbando he can possibly be

And how does he go about achieving such a thing, you ask?

Why, two simple words: “Teach me.”

He asks that you be completely upfront and honest with him about what you desire, and he does everything he can to fulfill them

Things start slow, of course

You mention to him that married couples often sleep in the same bed and share a bedroom - and then he’s requested that Diavolo provide him a new room (one which doesn’t have doors that lead to other timelines) where the two of you live together

Then you talk about how married couples usually have matching wedding rings, and the next morning you find two obscenely expensive (but beautifully artistic) rings, and a wide-eyed butler asking if they’re to your liking

You explain that married couples sometimes get closer to each other by having a family pet and (bless his heart) Barbatos takes you to an aquarium the next day and the two of you bring home a pet fish

And things are slow going with Barbatos, but progress is steady

And soon, he starts to get the hang of it

You guys don’t just sleep in the same bed, he starts to pull you closer. Casual touches turn into cuddling, and then all of a sudden he can only sleep if he’s spooning you in the process

He decides that he likes it when you wear things he buys you, so he gifts you even more woefully expensive but equally stunning jewelry, until you’re always leaving your shared room with one of Barbatos’s presents adorned on your figure

And although Barbatos is too responsible to get rid of the (immortal) pet fish he bought, the two of you have a talk and then you head down to the pet store and buy an actual pet, one which you guys can touch and hug and cuddle

And before long, Barbatos doesn’t need you to teach him how to be a good husband, he realizes that most of it is instinctive; he understands that to make you happy, he really just needs to do the things that make him happy

Of course, he still approaches many things textbook style

Every morning and every night, man will whisper that he loves you - no excuses. You guys could have a fight and he will still do this

But gradually as time moves on, he sees that marriage doesn’t have to be a big, fancy show

And he starts to just savor the sensation of being helplessly in love with you

Diavolo

POWER COUPLE

No, but literally - you guys are the most powerful couple in the world

And Diavolo is living for it

You are royalty now, and Diavolo won’t let you forget that for a single second

You want a snack? That’s fine, here’s a nine-course buffet featuring food from the human world, Celestial Realm, and Devildom

Been feeling tired and want a break? No worries, the next week has been declared a newfound Devildom holiday, so rest up for as long as you want

You don’t like this specific brand of nail polish? Oh okay, there are now four hundred samples in your room to help you find one you do like

It honestly gets to the point where you have to sit Diavolo down (*cough* sit on Diavolo’s lap *cough*) and tell him that no, when you tell him you’re considering cutting your hair, he doesn’t have to hire four professional hairstylists and a consultant to help you select the style

After much discussion he agrees to talk these things out with you

And it’s the sweetest thing in the world

“Babe, can you help me get this jar? I can’t reach it.”

“Does this mean you just want me to get you the jar? Or do you want me to make it a law that all Devildom households cannot have shelves higher than the reach of the standard human height?”

“Just the jar, hon.”

“Oh”

Will never deny you anything, ever

Actually begins putting your interests in front of his own, asking Barbatos to cook your favorite meals and desserts instead of Diavolo’s own preferences because hey, food is just food, and it makes him so happy to see your face light up when you find that dinner is your favorite dish

And listen there’s one thing you need to know about: this man’s bed

Holy shit, nothing compares

It is the most comfortable thing in the world, and you’re pretty sure that even God is missing out if he hasn’t taken a nap on Diavolo’s bed because goddamn that shit is amazing

Like you love Diavolo to death but his bed is absolutely revolutionary with how comfortable it is, and you really feel like you could spend an eternity just starfished out under the covers

And of course, since you love the bed and Diavolo loves you, the two of you can spend hours just lazing around in the morning, cuddling and giggling until it’s almost lunchtime

And mornings with Diavolo are the best

Again, though, you’re royalty, now that you’re married to him. So Diavolo isn’t going to let you be woken up like a commoner. With him, there are no alarms, no loud voices, none of that obnoxious shaking you awake or any such nonsense

No, when Diavolo wakes you up every morning, it’s truly in a way fit for royalty, in a way that only he can do - a way that you honestly prefer to all the others ways you’ve been woken

And does this include Diavolo smirking up with you every morning from between your thighs?

Absolutely.

But does that stop him from doing it every day?

Never.

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universallykingdomjellyfish · 5 years

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Remedies available to Borrowers under SARFAESI Act-2002

1. Representation/objection to notice u/s 13(2) before banks

Page Contents

I. Representation/objection to notice u/s 13(2) before banks

II. Writ petition challenging notice under section 13(2)

III. Borrowers’ right of appeal

IV. Appeal to DRT

V. The Appellate powers of DRT u/s 17 of the Act

VI. Appeal to Debt Recovery Appellate Tribunal

VII. Interim stay order

VIII. Filing of Writ petition under Article 226 of Constitution

IX. Classification of NPA can be questioned through writ

The most Important section of Sarfaesi Act is section 13(2), which provides that if a borrower who is under a liability to a secured creditor, makes any default in repayment of secured debt and his account in respect of such debt is classified as non-performing asset, then secured creditor may require the borrower by notice in writing to discharge his liability within sixty days from the date of notice with an indication that if he fails to do so, the secured creditor shall be entitled to exercise all or any of its rights in terms of section 13(4) of the Act.

The first opportunity of being heard is provided to the borrower by section 13(3-A) which lays down that the borrower may make a representation in response to the notice issued under section 13(2) and challenge the classification of his account as an NPA as also the quantum of amount specified in the notice. If the banks or FIs come to the conclusion that the representation/objection of the borrower is not acceptable, then the reasons for non-acceptance are required to be communicated within 1 week.

It is worth noting that a proviso Is added to section 13(3-A) which states that reason so communicated shall not confer any right upon the borrower to file an application to the Debt Recovery Tribunal (DRT) u/s. 17 of Act.

Section 13(13) states that, no borrower shall after receipt of notice u/s. 13(2) transfer by way of sale, lease or otherwise any of his secured asset referred to in the notice, without prior written consent of the secured creditor. Thus, section 13(13) shows that the notice u/s. 13(2) in effect operates as an attachment/ injunction restraining the borrower from disposing of the secure asset.

2. Writ petition challenging notice under section 13(2)

The borrower can challenge the notice u/s. 13(2) of Act in the Civil Court as well as in the High Courts by way of writ jurisdiction to defend his case. However, that is hardly sustainable.

In the case of D. Ravichandran V/s Indian Overseas Bank it was held that the notice u/s. 13(2) of Act is really a show cause notice and ordinarily this court does not interfere with show cause notice.

The notice u/s 13(2) of the Act by itself does not affect any right or liability of the borrower. Hence, challenge to the notice u/s. 13(2) of the Act is premature, since it is possible that the secured creditor may be satisfied with the reply of the borrower to the aforesaid notice and may drop proceedings.

Hence, all the wit petitions challenging the notice of u/s. 13(2) of the Act are dismissed on the ground that writ petitions are premature and the petitioners have an alternative remedy of raising all the points which they are raising in these writ petitions in their reply to notice u/s. 13(2) of the Act. It is-clear that borrower cannot approach the court or any other forum at the interlocutory stage of the proceedings that is from the issue of notice u/s. 13(2) till the final action taken u/s. 13(4) of the Act.

3. Borrowers’ right of appeal

If the borrower or any other person who had any tangible grievance against the notice issued u/s. 13(4) or action taken u/s. 14, then he/she could have availed remedy by filing an application u/s. 17(1) within 45 days from the date on which such measures were taken.

The expression ‘any person’ used in section 17(1) is of wide import. It takes within its fold, not only the borrower but also the guarantor or any other person who may be affected by the action taken u/s. 13(4) or u/s. 14. Both, the Tribunal and the Appellate Tribunal are empowered to pass interim orders u/s. 17 and 18 and are required to decide matters within fixed time schedule.

4. Appeal to DRT

On receipt of possession notice u/s. 13(4) the borrower can prefer appeal before DRT u/s. 17, seeking stay of proceedings and to set aside the action initiated. Does the borrower lose right to file appeal if the limitation period of 45 days from the date of the receipt of the notice u/s. 13(4) expires? No, the following cause of actions can be pleaded-

I. The borrower can question all steps initiated by the bank pursuant to section 13(4).

II. Borrower can question sale proceeding.

III. Can challenge order passed by the CMM/DM u/s. 14 of the Act.

IV. The legal preposition is well settled that court protects the rights of the borrower also.

5. The Appellate powers of DRT u/s 17 of the Act

The DRT has elaborate powers and it can even restore the possession back to the borrower, in the event it finds the actions by the bank are illegal or incorrect. The Supreme Court has clearly held in the case of Mardia Chemical Ltd. that the proceeding u/s. 17 is in the nature of original proceeding and that even the amount which is claimed to be due to a bank as stated in the notice u/s. 13(2) can be challenged by the borrower. In an important decision on appellate power of DRT the High Court of Madras has held in the case of M/s Lakshmi Mills Private Ltd. v/s Indian Bank as under :-

I. The right of the bank is not automatically suspended upon filing an application by the borrower u/s. 17 of the Act and secured creditor can proceed further in the matter, where no stay is granted by the Tribunal.

II. The Tribunal has power to impose the condition relating to deposit for grant of stay of auction

III. The Tribunal has no power to pass any Interim mandatory order relating to restoration of possession before finalization of the proceeding u/s. 17 of the Act.

IV. All the grounds, which rendered the action of the bank as illegal, can be raised In the proceeding u/s. 17 at the Act before the DRT.It is for the DRT to decide in each case whether the action of the bank was in accordance with the provisions of the said Act and legally sustainable.

5. Appeal to Debt Recovery Appellate Tribunal

If a person is aggrieved by the order of the DRT,ha can file an appeal to the Appellate Tribunal within 30 day from the date of the receipt of DRT order. If the DRT or Appellate Tribunal holds that possession of asset by the secured creditor was wrongful and directs the secured creditors to return the assets to the borrower, the borrower shall be entitled to the compensation and costs as may be determined by the DRT or Appellate Tribunal. The Tribunal can also direct the return of the assets If the secured creditor had already sold or transferred the asset to a third party.

6. Interim stay order

The Jurisdictions of Civil Court has bean clearly barred under section 34 of the Act, stating that no Injunction shall be granted by any court or other authority In respect of any action taken or to be taken under Sarfaesi Act or the DRT Act.

The decision of the Supreme Court In the case of United Bank of India v/s Satyawati Tandon is a landmark Judgment on the issue of stay orders. It was held that normally the Supreme Court does not Interfere with the discretion exercised by the High Court to pass an interim order In a pending matter but, having carefully examined the matter, an exception have been made, because the order under challenge has the effect of defeating the very object of legislation enacted by the Parliament for ensuring that there are no unwarranted impediments in the recovery of debts due to banks.

The following observations are worth noting:-

I. The Nigh Court will ordinarily not entertain a petition under Article 226 of the Constitution, If an affective alternate remedy is available to the aggrieved person and that this rule applies with greater vigour in matters involving recovery of taxes, cess, fees, other type of public money and dues of the banks and financial institutions.

II. The High Court must insist that before availing remedy under Article 226 of the Constitution a person must exhaust the remedies available under the relevant statutes.

III. It is true that the rule of exhaustion of alternate remedy is rule of discretion and not one of compulsion, but it is difficult to fathom any reason why High Court should entertain a petition under Article 226 and pass interim order ignoring the fact that petitioner can avail effective alternative remedy by filing application, appeal, revision etc. and the particular legislations contain a detailed mechanism of redressal of his grievance.

7. Filing of Writ petition under Article 226 of Constitution

Writ jurisdiction is an extraordinary jurisdiction of the High Court under Article 226 and 227 of the Constitution of India. There is consistency in the decisions that the High Court normally hesitates to entertain writ petition in the matter of Sarfaesi action by banks. This is in view of clear cut alternative remedy provided u/s. 17 and 18 of the Sarfaesi Act. The remedy of appeal to DRTand DRAT is available u/s. 17 and 18 of the Act, against notice for possession and enforcement of security interest.

It is settled legal preposition that a writ petition under Article 226 of the constitution is not maintainable, where there is an efficacious alternative remedy. It is generally pleaded that though alternative remedy is available, it is not efficacious.

The writ petition is however preferred by the borrower for the following reasons:-

a. Writ petition is not a costly affair, as no court fee is payable, whereas court fee has to be paid in case of appeal to DRT depending upon amount involved.

b. Writ petition once admitted takes lot of time in consideration for decision and the petitioner gets the desired breather. In comparison the matter is time bound exercise under DRT.

c. Borrowers feel that the action under the Sarfaesi Act will be automatically restrained if writ is admitted.

8. Classification of NPA can be questioned through writ

Where the Bank is not correct in classifying the account as NPA, which is preliminary to initiate proceeding under the provisions of Sarfaesi Act, the High Court does interfere with the action initiated by the bank as held in Sravan Dal Mill Pvt. Ltd. v/s Central Bank of India1. Further interim relief may be granted to the borrower to regularise the account by continuing making payments.

For Legal Assistance, Call- https:npadoctor.com

#NPA #NPA-account #SarfaesiAct #AdvocateforDRTChandigarh #LawyerforDRTChandigarh

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npaconsultant-stuff-blog · 2 years

Text

Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India. For more information - https://www.npaconsultant.in/company-profile

0 notes

michiganprelawland · 4 years

Text

The Silent Killer: National Debt

By Quentin Baur, Kalamazoo College Class of 2021

March 9, 2021

The United States has faced many great obstacles over the course of its lifetime. It has gone through depressions, countless wars, and also domestic disputes. Many of these obstacles however, the U.S. actually overcame and with great benefit. Nevertheless, in the era of immense technology and massive interdependence between other countries, one of its most silent killers has resurfaced during the Coronavirus pandemic. This problem is the national debt.

Currently, the United States’ national debt is at $28 trillion dollars. Each American citizen holds approximately $84,851 dollars of debt [5], and as of 2021, they must pay $378 billion dollars solely on the interest of what the United States borrowed [6] which is taxpayer dollars every year. From 2000 – 2019, the national debt grew 297% and it is currently “… 118.5% of the nation’s annual economic output, the largest it has been since it reached 118.4% after World War II” [4].

Some may ask why the national debt is such a problem as it is hardly discussed as a primary campaign issue – compared to healthcare or the economy. This is precisely why it is a ‘silent killer’ because it affects every American discreetly. As mentioned before, taxpayers must pay one third of a trillion dollars solely on interest. Additionally, usually if a nation accumulates too much debt, the confidence in its ability to pay back their debts may prevent them from borrowing money or it may increase the cost of borrowing money in the future [1]. Although as a nation we want to borrow at the lowest cost possible to spend rationally and save as much revenue as possible from taxes, borrowing is still necessary for economic growth.

Overall, the current amount of the national debt seems threatening as its number is unfathomable to comprehend. It thus raises several questions like why do we have a national debt? Is the national debt an impossible fix? What are some ways to limit this enormous number? The answer is obviously not quite that simple, however, there are multiple of solutions suggested to help tackle the debt. The ultimate goal is to lower spending while also maintaining tax revenue – ie: taxes. Thus, simple solutions include decreasing federal spending and increasing federal taxes [6]. Republicans generally support decreased taxes and a decreasing entitlement spending, but they typically want to increase defense budget (Reagan). In contrast, Democrats normally increasing taxes and decreasing the military fund, but they usually favor more entitlement spending like Medicare. However, the answer may not necessarily be black and white but instead may need a healthy middle. This is why there is a continuous debate on how to juggle the government’s obligations while lowering the national debt.

Unfortunately, due to the pandemic, it has created more complications as the United States needed to borrow more money to fund these stimulus packages. Within the first year of the virus, the government needed to borrow $5 trillion dollars. Fast forward another year, Congress has almost passed another $1.9 trillion dollars for Coronavirus relief. Thus, times of crises the national debt generally skyrockets and must be tamed sooner than later.

However, the goal is not to eliminate the national debt, but in fact, maintain a healthy amount of it. As Alexander Hamilton wrote, “A national debt, if it is not excessive, it will be a powerful blessing” [8]. Hamilton understood that if a country did not have some debt, economic growth would not be as profitable. This can be applied in businesses or in personal finances. For example, in order to expand a company, one may want to take out a loan and take on debt to finance their new project. Of course, if this debt becomes too excessive, the company’s confidence might decrease its ability to pay back its debt and thus may then need to default on its debts.

In conclusion, the national debt has become a larger and larger issue for all Americans. Although the accumulation of some debt may be necessary for economic growth, excessive debt may lead to higher taxes to pay back interest, lead to harder chance to borrow more money, or lead to lesser confidence in the nation’s currency like the USD. A high debt may also create complications during times of crises since nations will typically want to borrow more money to reinvigorate their economy, but they might be unable to due to their low confidence and already debt. Overall, the most simplistic forms of solving the US national debt is increase taxes and decrease spending. Both Republicans and Democrats have proposed their own methods of limiting the debt but sometimes it is not exactly a yes or no answer. Thus, tackling the national debt is a possible, and achievable but only if we work together as an entire nation rather than segmented factions.

______________________________________________________________

[1] n.a. “The National Debt Explained.” Investopedia. January 22, 2021.

https://www.investopedia.com/updates/usa-national-debt/

[2] Amadeo, Kimberly. “The US National Debt and How It Grows Big.” The Balance. February 13, 2021. https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778

[3] Amadeo, Kimberly. “US National Debt By Year Compared to GDP and Major Events.” The Balance. February 5, 2021. https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

[4] n.a. “A Guide to the National Debt: Everything You Should Know.” It Suptuous. May 20 2020.

https://www.itsuptous.org/US-National-Debt?gclid=EAIaIQobChMI9YW6u9Ga7wIVjcDACh3WVA7WEAMYASAAEgLt__D_BwE

[5] https://www.usdebtclock.org/

[6] Amadeo, Kimberly. “Interest On the National Debt and How It Affects You.” February 17,

2021. https://www.thebalance.com/interest-on-the-national-debt-4119024

[7] Lang, Hannah. “The National Debt Is Big and Getting Bigger. Does It Matter?” American

Banker. March 3, 2021. https://www.americanbanker.com/news/the-national-debt-is-big-and-getting-bigger-does-it-matter

[8] Hamilton, Alexander. “National Debt and Credit Quotes.” From a letter to James Duane. All Things Hamilton. September 3, 1781. https://allthingshamilton.com/in dex.php/alexander-hamilton/alexander-hamilton-quotes/70-quotes/147-quotes-hamilton-and-debt

0 notes

sgreffenius · 4 years

Link

Theoretical explanations for why interest rates rise and fall do not adequately explain long-term trends, or short-term fluctuations in interest rates. We certainly do not have a good feel for the effects of government debt on inflation, or interest rates.

Similarly, when the U. S. defaults on its debt, or renegotiates its debt, economists will not be able to explain why that did not happen earlier, or later. We do know that the cost of borrowing now is low, extraordinarily low, in fact. Because we cannot predict when interest rates will rise, we cannot predict when our government’s ability to secure credit will fail.

Another unpredictable factor: if government raises tax rates on personal income, as well as other types of taxes, we do not know how people will respond. Thus we cannot estimate what portion of future government spending must be funded with debt, and what can be funded with tax revenues.

Current comparisons between government policies and the abyss are warranted. Financial institutions walk toward the cliff’s edge, in the dark. The ground immediately ahead is smooth enough. Yet we do not know how far away the abyss lies, nor will we know we have reached it until we must tell creditors that we cannot meet payments on our loans.

At that point, creditors will realize they have made a bad bet.

#public debt

0 notes

npaconsultant-stuff-blog · 2 years

Text

NPA Services | Best NPA Management

Debt Advisory

Corporate Restructuring

Mergers & Acquisitions

Private Equity

Revival of Sick Industries

Managing Corporate Litigations

The Company is also engaged in providing ancillary guidance on Valuations, Techno Economic & Commercial Feasibly Report and Assessment, Enterprise Risk Management etc.

We would like to mention our achievements in short as follows:

Over 20 years of experience in fields of legal, banking and finance specially NPAs.

Have advised over 2000 SMEs on various issues.

Have received hundreds of references from private, co-operative and PSU Bankers.

Size of cases handled ranges between USD 1 MN to over USD 100 MN.

We have about 40 resolution professionals and more than 25 legal firms associated with us.

Dr. Visswas has addressed various conferences, seminars organized by Trade Associations such as Maharashtra Chamber of Commerce and Indian Merchant Chambers, ASOCHAM, Indo American Chamber.

Dr. Visswas also invited on the dais to address the gatherings along with Honorable Mr. Nitin Gadkari - Minister of Micro, Small and Medium Enterprises, Mr. Shiv Prasad Shukla - the then Deputy Finance Minister, Government of India. For more information - https://www.npaconsultant.in/company-profile

#NPA Services #Best NPA Management

0 notes

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