Sentences with phrase «after filing for bankruptcy relief»
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.
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Even after a bankruptcy case has commenced, and the almighty stay is in place, lenders can file what is known as a motion for relief from stay.
While filing for relief should be a last resort, politicians such as Rep. Katko and Delaney believe that carrying the burden of student loan debt even after declaring bankruptcy is unfair.
Under Chapter 11 Bankruptcy, the debtor has the right to file a plan of reorganization within 120 days after the order for relief.
In what industry observers are calling a «landmark victory» after more than 5 months of «bet the company» litigation, the United States Bankruptcy Court for the Southern District of Texas has rejected motions to dismiss or convert Omega's chapter 11 cases or for relief from stay filed by Omega's Senior Lenders and supported by Omega's Junior Lenders and Unsecured Creditors» Committee (more...)