A composition with creditors is a common-law device for the compromise of debts. Pursuant to an agreement between an insolvent or financially embarrassed debtor and two or more creditors, the creditors, in consideration of an early payment, agree to discharge their respective claims on receipt of payment of a fraction of the amount the debtor actually owes. Additionally, a composition may take the form of an agreement by creditors to extend the time in which the debtor may pay the creditors' claims, or may consist in a total discharge of the debts. When executed, a composition operates as a complete discharge of the debtor as to all who share in it, and each assenting creditor is subsequently estopped from recovering on the original debt.
Composition agreements for the relief of insolvent debtors have been superseded, to a great extent, by proceedings under the Federal Bankruptcy Act and various state insolvency laws. They are, however, still of considerable importance in some jurisdictions.
Chula Vista California Composition with Creditors with Installment Payments Secured by Notes of Debtor and Guarantor
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Chula Vista
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US-0917BG
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If you're considering a move to San Diego, take a look at Chula Vista. The area offers a perfect balance between city living and suburban relaxation. In fact, living in Chula Vista offers plenty of outdoor beauty, diversity, and friendly people all within close proximity to San Diego's top attractions.
The total driving distance from Chula Vista, CA to Tijuana, Mexico is 11 miles or 18 kilometers. The total straight line flight distance from Chula Vista, CA to Tijuana, Mexico is 9 miles. This is equivalent to 14 kilometers or 8 nautical miles. Your trip begins in Chula Vista, California.
Enjoy a two-nation vacation. A trip to San Diego means easy access to international travel with the Mexican border just 17 miles from downtown. Once in Baja, in a two-hour radius from San Diego, you'll discover urban culture, beach communities and a bucolic countryside.
The most significant difference between living in both cities is the cost of housing, with Chula Vista being 13.9 percent cheaper than San Diego in average mortgage and rent spending.
Living Wage Calculation for San Diego-Chula Vista-Carlsbad, CA 1 ADULT2 ADULTS (BOTH WORKING) 0 Children3 Children Living Wage $29.52 $42.78 Poverty Wage $7.24 $8.79 Minimum Wage $16.00 $16.00
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Chula Vista boasts more than 52 square miles of coastal landscape, canyons, rolling hills, mountains, quality parks, and miles of trails. Chula Vista is a leader in conservation and renewable energy, has outstanding public schools, and has been named one of the top safest cities in the country.
Just seven and a half miles from the border, Chula Vista (or ?Chula-Juana as it's often called) was first settled by people migrating from Mexico, and you'll find the cultural impact is still clearly seen today.
With a cost of living index of 154.9, the cost of living in Chula Vista is nearly 55 percent higher than the national index of 100 and five percent higher than the state average of 149.9.
The most affordable of the largest cities in the San Diego metro is Chula Vista, where homeowners spend 48.26% of their earned money for the year. This South Bay community also has the lowest median purchase price among the largest cities in the metro for a home at $725,000, the report shows.