has a troubled debt restructuring occurred Coverage

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has a troubled debt restructuring occurred Coverage — What Is Covered

Standard home insurance coverage policies provide the following types of coverage, up to the limits outlined in the policies:

• Receivables (Topic 310)
  IFRS does not have guidance on troubled debt restructurings. IFRS 7, Financial . for example, either of the following circumstances might occur: a. A creditor .
  http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175822278141&blobheader=application%2Fpdf

• Troubled debt restructurings: Considerations for creditors
  Sep 30, 2011 . matters related to troubled debt restructurings (TDRs). First, in 2010, the . restructuring that has occurred: (1) modification of terms only, (2) .
  http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Content/Articles/AERS/Financial%20Accounting%20&%20Reporting%20Services%20(FARS)/us_aers_fars_tdr_nov2011.pdf

• Proposed ASU Receivables (Topic 310)
  evaluation of whether a restructuring constitutes a troubled debt restructuring. Furthermore . If a debtor does not otherwise have access to funds at a market rate for debt with . for example, either of the following circumstances might occur: a.
  http://www.theclearinghouse.org/index.html?f=071411

• Statutory Accounting Principles Working Group
  Nov 3, 2011 . In evaluating whether a restructuring constitutes a troubled debt . about troubled debt restructurings of financing receivables that occurred during the period: a. . IFRS does not have guidance on troubled debt restructurings.
  http://www.naic.org/documents/committees_e_app_sapwg_exposures_1125.doc

• Technical Line: New troubled debt restructuring disclosures vary ...
  Jan 4, 2012 . about troubled debt restructurings in their most recent quarterly filings. . because they have the highest likelihood of having a high volume of . disclosure only if the initial default occurred within the first 12 months after .
  http://www.ey.com/Publication/vwLUAssets/TechnicalLine_BB2253_TDR_4January2012/$FILE/TechnicalLine_BB2253_TDR_4January2012.pdf

You also can purchase the following optional home insurance coverages:

• Script for 9/29/2011 Banker's Call on TDRs
  Sep 29, 2011 . determine whether a troubled debt restructuring has occurred… Thus, [current accounting guidance] establishes tests for applicability that are .
  http://www.fdic.gov/news/conferences/NY/2011-09-29-transcript.pdf

• Delving Into the Finalized Guidance on Troubled Debt Restructurings
  Troubled Debt Restructurings. By Mandi R. Simpson, CPA, Sydney K. Garmong, CPA, and David F. Lawrence, CPA. As the volume of loan restructurings has .
  http://www.crowehorwath.com/folio-pdf/ASR12934_TDRarticle_lo.pdf

• Banks are Facing New Disclosures and Other Changes in ...
  Feb 14, 2011. Disclosures and Other Changes in Accounting for Troubled Debt Restructurings . a TDR is a restructuring where the original credit terms have been . the nature and extent of TDRs that occurred during a reporting period.
  http://www.mbafcpa.com/newsletters/1330/Banks-are-Facing-New-Disclosures-and-Other-Changes-in-Accoun.aspx

• Troubled Debt Restructuring - Financial Flash
  This Financial Flash on Troubled Debt Restructuring wouldn't have been . reporting purposes, the date the modification occurred, the principal balance .
  http://www.primealliancesolutions.com/static/pdfs/tdr_ff_wp.pdf

• FASB Issues Final ASU on Creditor Accounting for Troubled Debt ...
  How do creditors account for a troubled debt restructuring (TDR) when a loan has been modified? In the current economic environment, the answer to this .
  http://www.mfa-cpa.com/alerts-and-insights/alerts/2011/fasb-issues-final-asu-on-creditor-accounting-for-troubled-debt-restructuring

• MHM Messenger 10-11: Troubled Debt Restructurings
  YouTube Video: Troubled Debt Restructurings Mike Loritz New accounting . to all restructurings that have occurred since the beginning of the annual period in .
  http://www.mhm-pc.com/resources/ctl/detail/mid/680/itemid/243.aspx

• The Definition of Troubled Debt Restructuring | eHow.com
  Troubled debt restructurings occur when a bank or financial institution loaned . Chances are your finances have spiraled out of control if you are considering a .
  http://www.ehow.com/facts_6980164_definition-troubled-debt-restructuring.html

• ASU 2010-20 Whitepaper – Series 5
  modifications of a debt in a troubled debt restructuring is essentially the same . at 60 days past due or by missing 1 payment, then a default has occurred. It .
  http://www.arcsysonline.com/docs/ASU_2010-20_Series_5_White_Paper_Final.pdf

has a troubled debt restructuring occurred Coverage — What Isn't Covered

A standard homeowners policy may not protect you from:

• Debt Restructuring financial definition of Debt Restructuring. Debt ...
  Debt restructuring often occurs when a person or company has taken on too much debt . An exchange of one or more new debt issues for outstanding debt issues that can occur when the new issues . Also called troubled debt restructuring.
  http://financial-dictionary.thefreedictionary.com/Debt+Restructuring

• December 20, 2010 Technical Director FASB 401 Merritt 7 O Box ...
  Dec 20, 2010 . Although TIC understands the need to improve guidance for creditors on whether a troubled debt restructuring has occurred, TIC believes the .
  http://www.aicpa.org/InterestAreas/PrivateCompaniesPracticeSection/Resources/KeepingUp/TICAdvocacy/TICCommentLetters/DownloadableDocuments/FASB%20Receivables_Troubled%20debt%20restructurings_Creditors_TIC%20Comment%20Letter.pdf

Questions to Ask Before You Buy has a troubled debt restructuring occurred

• Is flood insurance required, and what kind of flood insurance is available?
  

  ASU 2011-2: The Accounting for Troubled Debt Restructurings Still ...
  Apr 18, 2011 . The accounting standards for a "troubled debt restructuring," (TDR) just . the city's debt, 'the restructuring just might not have happened.
  http://accountingonion.typepad.com/theaccountingonion/2011/04/troubled-debt-restructuring-accounting-still-leaks-oil.html

• Is earthquake insurance available?
  

  2012 March BAAS
  Additionally, Topic 2A Troubled Debt Restructurings, question 9, and Topic 8A . While it is true that a legal default has not occurred, the staff believes that .
  http://www.occ.treas.gov/publications/publications-by-type/other-publications-reports/BAAS.pdf

  Troubled Debt Restructuring
  Dec 7, 2011 . (3) upon which principal or interest has been in default for a period of 90 days or more . Restructuring could occur for a number of reasons . ASC 310-40, Receivables-Troubled Debt Restructurings by Lenders (formerly FAS .
  http://www.clevelandfed.org/Banking/Financial_Reporting_and_Data/lbc2011/Troubled%20Debt%20Restructuring.pptx