Sentences with phrase «federal bankruptcy law does»
Federal bankruptcy law does not allow the discharge of student loan debt unless the debtor can show «undue hardship.»
https://www.losangelesbankruptcylawyerblawg.com/ Not exact matches
It's difficult to compare debt settlement or debt consolidation vs. bankruptcy, because many state and federal laws that apply to bankruptcy don't apply to the other two forms of debt relief.
After a precedent was set by the Supreme Court, federal law doesn't allow student loan debt to be discharged in bankruptcy, although other forms of outstanding debt such as credit cards have the potential for discharge in bankruptcy.
So, the Bankruptcy and Insolvency Act does include income tax debts or tax related debts, because it's Federal law.
In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.
The state does not allow filers to use federal exemptions for assets, so their choice is dictated by state bankruptcy exemption laws alone.
Doug Hoyes: That's always the way it works, and that's because bankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythbankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythBankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everything we do.
With your financial future on the line, it's important to choose a bankruptcy law firm that specializes in bankruptcy: state and federal laws change frequently and can be extremely difficult to understand for those who do not have specialized legal knowledge.
If, however, you do not satisfy certain waiting periods under federal law, then your student loan debt will survive your bankruptcy or your consumer proposal.
Federal bankruptcy law specifically excepts student loans from discharge in bankruptcy, unless doing so would cause «undue hardship» for the debtor or the debtor's family.
Federal law does not allow the discharge of student loan debt in a bankruptcy case, except with a showing of «undue hardship.»
Despite the fact that bankruptcy is controlled by federal law, there are a variety of exemptions to property and holdings that DO differ from state to state and can significantly impact your bankruptcy.
The constitutional provision for federal control of bankruptcy law, of course, did not go into effect before 1789.
Even though I live and practice bankruptcy law in one of the most progressive states in the Union: California, I do not see enough female and ethnic bankruptcy attorneys or trustees and although I am admitted in multiple federal districts in the state, to my knowledge, I have never appeared before a single ethnic bankruptcy judge.
I realize that BK is filed in Federal bankruptcy court but does any Texas law apply or are there nuances applied differently by any federal bankruptcy court Federal bankruptcy court but does any Texas law apply or are there nuances applied differently by any federal bankruptcy court federal bankruptcy court region?
What a careful observer notices from monitoring SPC media is that those involved with reform of discrete areas of Chinese legislation and judicial practice continue (in the pre / post 19th Party Congress era) to look at US federal / state law (and other foreign law) structures and practices, including: use of mediation in federal appeals cases; bankruptcy practice; reform of Chinese nuclear safety legislation to broaden the scope of information released to the public, that is in specific areas that do not involve basic principles of the Chinese courts.
It's very hard to get student loan debt forgiven — not even good ol' bankruptcy can help you out there — but did you know there's a federal law that can help you out?
While Saad may have violated his fiduciary and contractual obligations under Michigan law, said the court, Abdel - Hak's arguments did not support the nondischargeability requirement for the federal bankruptcy code.