Sentences with phrase «action against a debtor»

After the initiation of Chapter 7 or Chapter 13 Bankruptcy an automatic stay will stop creditor collection actions against the debtor by credit agencies.

The discharge is a court order that permanently enjoins creditors from taking any action against the debtor to collect on a debt owed by the debtor to the creditor.

The statute of limitations on debt collection is the amount of time a creditor has to take legal action against a debtor to sue them to collect for debts owed.

According to Bankruptcy Basics, an overview of the United States Bankruptcy Code, a bankruptcy discharge «releases debtors from personal liability from specific debts and prohibits creditors from ever taking any action against the debtor to collect those debts.»

Generally, the automatic stay in bankruptcy prohibits all attempts to collect money from the debtor as well as the commencement of any legal actions against the debtor during the course of the bankruptcy.

Not exact matches

The creditor has to take legal action directly against the debtor which takes a lot longer.

Recently on our bankruptcy forum a debtor asked, «I have heard something about a law that protects me against harassing debt collector actions.

The debtor will supply the trustee with a list of all legal actions against them (whether pending, started, or completed) and the parties involved are given notice that a filing for a proposal or a bankruptcy has been made and that the stay is in place.

He engages in a wide range of investment actions for investors, lenders and debtors and acts both for and against financial institutions in disputes with customers, merchants and regulators.

«I am not prepared to adopt, as the defendant's argue, a blanket principle that an Ontario court lacks jurisdiction to entertain a common law action to recognize and enforce a foreign judgment against an out - of - jurisdiction judgment debtor in the absence of a showing that the defendant has some real and substantial connection to Ontario or currently possesses assets in Ontario... No jurisprudence binding on me has expressly placed a gloss on that ability to assume jurisdiction by requiring the plaintiff to demonstrate that the non-resident judgment debtor defendant otherwise has a real and substantial connection with Ontario.»

The trustee's responsibilities include reviewing your petition to make sure it's complete and bringing actions against creditors or the debtor to recover property of the bankruptcy estate.

Where no cause of action is alleged against the person against whom the freezing order is sought, it is not necessary for the substantive claim against the cause of action defendant (i.e. the debtor) to be asserted in the jurisdiction where the Mareva order is sought against the NCAD;