Sentences with phrase «most debtors lose»
Most debtors lose no assets in bankruptcy.
http://blog.kainscott.com/ Not exact matches
In a Chapter 7 bankruptcy, most or all of debtor's unsecured debts are wiped out and, at the same time, in most cases, the debtor will be able to keep their property, rather than losing everything they own.
This would not mean the debtor no longer owes the money; it only means the collector has lost its most powerful tool to compel the debtor to pay.
In most states, after passage of a period of time specified by a «statute of limitations,» a debt collector loses its right to pursue in court authorization to garnish a debtor's wages or a bank account or place a lien on his or her property.