Sentences with phrase «bankruptcy code sets»

Section 727 of the Bankruptcy Code sets out a number of reasons a creditor or trustee can object to a debtor's discharge and most center around lack of transparency.

Not exact matches

While reforms to the bankruptcy code with regard to student loans have been suggested, nothing is set in stone yet.

The Constitution vests Congress with the authority to set a uniform bankruptcy code.

The thinking behind this is that the bankruptcy code was set up to give people a second chance, not to punish them.

Congress created a set of exemptions in the bankruptcy code but allowed each state to opt - out of those exemptions in favor of state law exemptions.

Under Section 548 of the Bankruptcy Code, the Trustee may avoid or set aside a transfer of property made by a debtor if there is an actual intent to defraud, hinder or delay creditors or if the debtor was insolvent at the time of transfer and did not receive less than full value.

There are four «main» groups of priority debt set out in section 507 of the Bankruptcy Code.

Standard, Litigation, Patent / IP, Bankruptcy — if you don't see your code set, we can add it.

Panelists address why the Bankruptcy Code makes the court review fees for reasonableness and examine the new fee guidelines set forth by the USDOJ's U.S. Trustee Program.

When the trustee has collected all of the person's nonexempt property and converted it to cash, and when the court has ruled on the trustee's objections to improper claims, the trustee will distribute the funds in the form of dividends to the unsecured creditors according to the priorities set forth in the Bankruptcy Code.