Sentences with phrase «most debtors file»

Not exact matches

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

For most debtors bankruptcy filing is a complex process that need them stay up - to - date on the bankruptcy laws.

If anything, the law has hurt the poorer debtors most in need of filing.

Copies of the debtor's tax returns for the most recent tax years and the tax returns filed during the case must be given to the trustee.

After the debtor files the Chapter 13 Bankruptcy petition the court initiates an automatic stay which will stop most collection actions.

In other parts of the country the fees can be as high as $ 1000 - $ 2000, and unfortunately, most bankruptcy lawyers are going to require debtors to pay these fees prior to filing the Chapter 7 Bankruptcy petition.

Although it is possible to file for Chapter 13 Bankruptcy without the assistance of a bankruptcy lawyer, most debtors will find it helpful to consult with a lawyer to ensure they are making the right decision.

Chapter 7 is the most common consumer debt bankruptcy filing - in a chapter 7 case, a case trustee is assigned to collect any Non-exempt Assets or recover avoidable payments by the debtor and turn the assets / payments into money to pay creditors.

California has very generous exemptions and in most Chapter 7 cases, the debtor (person filing bankruptcy) gets to keep all of his or her assets and walk away from the debt.

It may be more difficult to obtain credit in the short term but most debtors who file bankruptcy and work diligently to pay their remaining debts on time each month report that their credit scores improve within a year after filing for bankruptcy relief.

When most debtors find themselves at the end of their rope, they can often be compelled to file for bankruptcy however, it is important to be aware of the alternatives, as bankruptcy is not always the best solution to get out of debt.

She, like most people, did not know very much about her options — but our team was able to help her fully understand not only bankruptcy, but her other options, such as filing a consumer proposal, which allows a debtor to keep their assets and can give a fresh start while avoiding bankruptcy.

That is true for the most part, but a filing debtor had his homeowner insurance non-renewed when the insurance company found out the debtor had filed a bankruptcy.

Most Chapter 7 debtors receive their discharge about four months after the filing date of the bankruptcy petition.

Now, in most cases, if a debtor entered into a secured loan prior to the filing of their case, we can adjust the interest rate to Prime + 1 - 3 %.

This is because each person's or couple's financial situation is unique; however, through years of experience and by helping thousands of clients through the bankruptcy process, my partner and I have learned that most debtors go through at least three stages before deciding if they should file bankruptcy.

In most cases, a debtor's credit score was damaged prior to the bankruptcy filing due to late payments, exceeding credit limits, collections, and other negative notations.

The reality is that filing a bankruptcy is usually a huge relief for most debtors because they have been burdened for so long.

While a bankruptcy discharge releases debtors from personal liability for most debts, Chapter 7 discharge is subject to many exceptions, which may require legal counsel before filing.

Debtors who have many assets may find filing Chapter 13 bankruptcy attractive because they could be able to keep most of their property.

Debtors who have a large amount of assets may be able to keep most of their property by filing Chapter 13 bankruptcy.

By filing Chapter 13 bankruptcy, debtors who own a lot of property could be able to keep most of their assets.

Debtors who file Chapter 13 bankruptcy may own more property, and could also be able to keep most of their assets.

Debtors who file Chapter 13 bankruptcy may be able to keep most of their property.

By filing Chapter 13 bankruptcy, debtors who own more property may be able to keep most of their assets.

Automatic stay: An injunction that automatically stops lawsuits, foreclosures, garnishments, and most collection activity against the debtor the moment a bankruptcy petition is filed.