Sentences with phrase «about bankruptcy because»
People may feel uneasy about bankruptcy because of the perceived stigma attached to it.
https://www.consumer-proposals.org/ Not exact matches
If it sounds like Mayor Luke Bronin is talking more boldly about a bankruptcy filing these days, it's because the numbers don't point to much hope of avoiding a reorganization of the city's debts and liabilities, either in or out of bankruptcy...
Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation of an oversight board); (d) the extent to which austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.
«I couldn't sit here in my bankruptcy court any longer and just watch people ruining so many aspects of their lives because of financial illiteracy without trying to do something about it,» he says.
I never write about Sprint as an investment because the debt burden has been just too speculative — if I can't be reasonably sure that the debt won't force the company into bankruptcy within the next decade or so, why cover the business enterprise?
Because bankruptcy should always be a last resort, we also talk about the alternatives to bankruptcy.
Filing bankruptcy, while unfortunate, is something every investor must know about because it could happen to them.
If you ever fantasize about never having to pay back your loans because you think filing for bankruptcy will clear all your debts, stop dreaming.
Similarly, many people are concerned about losing property in Chapter 7, because they may have heard that the bankruptcy trustee can sell non-exempt property to make partial payment to creditors.
Because Source Capital is a hard money lender, we don't care about your bad credit or bankruptcies.
The overall cost of filing bankruptcy is lower with an attorney, too, because you generally won't have to worry about the fees associated with re-filing your bankruptcy case.
As a bankruptcy lawyer and a citizen of Minnesota, I did not think that the existing laws (prior to 2005) were fair because they permitted creditors to take a person's wedding ring to satisfy a debt; so, I decided to do something about it.
A consumer proposal is different than a bankruptcy filing, because the note about filing bankruptcy in Canada remains on your credit report for six years from the date of discharge.
Learn more about many Veterans have been able to rebound their financial situations with new mortgage programs that consider lending to people in high risk situations because of negative equity, past bankruptcies, foreclosures and poor fico scores.
Another great piece of advice for those dealing with bankruptcy — if you filed Chapter 11 because you didn't have enough savings to survive a major financial setback like a job loss, it is time to get serious about setting up an emergency fund.
You are considering bankruptcy because you are concerned about your debts.
«One thing about student loans is there is generally no way to get out of it because you can't discharge student loans in bankruptcy like some other loans,» said McCarthy.
From time to time, questions from debtors worried about losing their job because they are being forced to file for bankruptcy protection will pop up on bankruptcy forum websites.
Our large network of bad credit mortgage lenders in Pelham will provide useful loans without asking about the credit report, bankruptcy, or consumer proposals because they have other methods of measuring risk.
Doug Hoyes: Yeah and I think that's the key point because of all the people who contact us, at most about a third of them are going to end up filing a consumer proposal or a personal bankruptcy which means okay two thirds or more are going somewhere else.
These are both issues that credit bureaus keep up with because having a bankruptcy or having an excessive number of civil suits standing against you are things that potential creditors want to know about.
If the creditor has been denied the availability of the debt because he or she did not know about the bankruptcy, the creditor can sometimes prove to the bankruptcy just cause for reopening the case.
Biden asserted that he was concerned about the financial pressures of student debt, noting that students «declare bankruptcy because they run up tens of thousands of dollars in loans to go to college.»
The general consensus to answering the question revolved around the blogger's admittance that the reason they took money out of their Individual Retirement Accounts (IRAs) before filing bankruptcy was because they were plain ignorant about bankruptcy laws.
Doug Hoyes: So in a proposal the government gets 5 %, the trustee gets 20 % (roughly), and therefore the creditors are getting about 75 % and that's how they can do the math to decide if that's better for them than in a bankruptcy, because obviously in a bankruptcy they're not getting all the money either.
There's no question about the liquidation because it's required by the bankruptcy court.
If you have had trouble getting approved in the past because of a past bankruptcy or low credit score, we provide info about new opportunities for home refinancing.
People are often very hesitant to find out about debt options, such as bankruptcy because they fear that they will be stripped of all their assets.
I let my brother put the house in his name because I'm about to file bankruptcy.
They could not basically satisfy their regulatory requirements if they filed a bankruptcy but they had about $ 30,000 of credit card debt and every month so much of their take home income, because we're earning around $ 3,000 a month, so much of that was going to the interest payments and when they looked at the statement and saw well, it's still going to take 50 years or 70 years depending on the card to get out of debt, they just realized we're just treading water at this point.
So often times that client is going to opt for bankruptcy because typically they're low income and they're not able to pay much more than just what a minimum fee bankruptcy would cost which is usually about $ 200 a month over a period of nine months but the odd time the consumer really wants to do a proposal, the age range is pretty dramatic.
But lenders aren't really concerned about that because student loans can not be discharged in bankruptcy.
I recall hearing, some years ago, that if you homestead your house (just on general principles), it will damage your credit rating, because credit bureaus and lenders interpret that as a sign that you're about to declare bankruptcy.
The Consumer Financial Protection Bureau this week issued an urgent warning to the public about the dangers posed by auto - defaults, the industry - wide practice of lenders placing borrowers» private student loans into default simply because the borrower's co-signer — often a parent or grandparent — had died or declared bankruptcy.
Woodbridge, VA: I am 28 years old and I am thinking about filing bankruptcy because a couple of years ago I got into trouble and was unable to pay my debts.
Everybody's talking about the Solyndra bankruptcy, mostly because opponents of clean energy want us to be talking about them.
The only reason bankruptcy has such a bad reputation is because it is discussed by people who know very little about filing bankruptcy.
I watch TV commercials, or used to in the»80s because I don't watch commercials anymore, for criminal lawyers and PI lawyers and bankruptcy lawyers who are all about the speed and efficiency and price with which they will get your thing solved.
• Whether there will be a resulting inequity because the paying spouse will possibly be discharged from bankruptcy (and thus released from his or her equalization obligation, which was a topic I have written about previously [RA add link to prior article on bankruptcy]-RRB-
Many people are hesitant to file bankruptcy because they are concerned about losing their assets, including a car or home.
A federal bankruptcy judge said cases with pro se litigants are slow - moving because we care more about getting attention than about losing money, so we're loathe to settle our cases.
Some people, such as people in the credit card industry, don't want people to know the truth about bankruptcy (because if your bills are discharged, they won't get paid!).
Because this can be a delicate matter (especially when family and friends are involved), consider talking with a bankruptcy lawyer about which chapter may best address your financial needs and how to deal with cosigners:
Whether business or personal, bankruptcy and restructuring can be stressful, mainly because of uncertainty about the best course of action.
Costly illnesses trigger about half of all personal bankruptcies, and most of those who go bankrupt because of medical problems have health insurance, according to a Harvard University study.
The document also implies that an industry bailout is in order because news of Mt. Gox's bankruptcy could set back Bitcoin's public acceptance «5 - 10 years and could cause governments to react swiftly and harshly... This isn't about saving MtGox any more.»
You can smack the wife around, spend or gamble the family into bankruptcy, sit in a stupor on the couch for years, or run off with coochie - coo — and throw everyone else's life into pain and upheaval — and all you have to do is stamp your feet and demand that you get your shared parenting rights because you care so much about the welfare of the kids.
«Before the recession, there was certain amount of bankruptcies that occurred on a regular basis, and no one really worried about it much because it's the nature of the business,» he says.
Because of the challenges due to the economy there may have been instances where individuals have suffered a bankruptcy, foreclosure, slightly blemished credit, or perhaps one has a sporadic income in which lenders raise questions about.