Sentences with phrase «against one's creditors»

A debt - payment programme will give you protection against your creditors making you bankrupt, or forcing you to pay your debt by using diligence.
If this occurs, you may have a claim against the creditor for damages, or a defense against a deficiency judgment.
Such a partnership is frequently used to minimize estate tax and to protect against creditor claims.
What's worse is that despite all the lawsuits we bring against creditors for this illegal conduct, they still continue.
The first important step towards stopping creditor harassment is to gather information to use against your creditor in legal proceedings.
The automatic stay provision protects consumers against creditors from debt collector's debts from because they are not allowed to call or send you additional collection letters.
The court will issue an automatic stay against your creditors, then appoint a trustee — an impartial person who decides how and how much debt to pay off.
If the buyer is in insolvency, though, the clause is always enforceable against creditors unless agreed otherwise.
And third, that settlement doesn't offer you any legal protection against your creditors.
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.
We file lawsuits and claims against creditors and take the offensive.
Once your details are entered you are protected against any creditor action to enforce their debt for six weeks.
It would be untrue to say the creditors everywhere are sticking by the rules, and an increasing number of cases are being taken by consumers against their creditors.
to void, as against the creditors of the person a consent judgment given by a person to those creditors, being at the time in insolvent circumstances or unable to pay his, her or its debts in full or knowing himself, herself or itself to be on the eve of insolvency, voluntarily or by collusion with a creditor with intent thereby to defeat, hinder, delay or prejudice creditors wholly or in part, or to give one or more creditors a preference over other creditors or over any one or more of them;
Embezzlement Judgment Does Not Prevent Debtor From Exempting Proceeds of Civil Lawsuit Against Creditor, Los Angeles Bankruptcy Lawyer Blawg, November 14, 2014
The very foundations of the Islamic finance world were shaken a few weeks ago when Dana Gas declared that $ 700 million of its Islamic bonds (sukuk) were invalid and obtained a preliminary injunction against creditor enforcement from a court in the UAE emirate of Sharjah.
Fifth, the use of a life insurance trust can provide asset protection against creditors of the beneficiaries, and against the financial imprudence of the beneficiaries themselves.
Both Chapter 7 and Chapter 13 provide protection against creditor harassment, and may be used to stop foreclosure and repossession.
They are still on record, but the court issues an injunction against the creditors so that they can no longer collect from you.
Bear in mind that this diary of phone calls is not admissible in court, but it can act as a reference when compiling the case against your creditor.
Our Debt Experts provide communication tracking logs to help you record all further communications from collectors, which we can then use against your creditors in a counter suit (s), and any other violations of FDCPA, RFDCPA, TCPA, and other laws.
If creditors take any action against you while you are under bankruptcy protection, the bankruptcy code allows you to file a motion against that creditor for violation of the automatic stay and to request an award of compensatory damages, punitive damages, and attorney fees from that creditor.
In addition, remember that the protection the Social Security Act provides for Social Security benefits against creditors does not extend to the government or the Internal Revenue Service (IRS).
75A -(1) If the debtor under a linked credit agreement has a claim against the supplier in respect of a breach of contract the debtor may pursue that claim against the creditor where any of the conditions in subsection (2) are met.
(5) In an action brought against the creditor under sub-section (1) he shall be entitled, in accordance with rules of court, to have the supplier made a party in the proceedings.
Filing for bankruptcy provides an automatic stay of proceedings against your creditors.
Those who need legal assistance to achieve a reasonable debt settlement, take action against a creditor engaged in creditor abuse, pursue an insurance settlement, or need help with tax resolution, there is help!
Filing a petition against a creditor will stop all debt collections actions that are being taken against you including filing a lawsuit.
This is essentially a restraining order against all creditors.
Since the real estate market collapse in 2008, foreclosure defense lawyers in Broward County have worked tirelessly to defend property owners against creditors» lawsuits seeking to collect on their real estate loans.
lawsuits against creditors and bill collectors for violating your rights in bankruptcy court
401k has some benefits (for example, better protected against creditors), but when you reach the age you have to consider the rollover (if you have a Roth portion).
The FDCPA was enacted to protect consumers against creditor harassment and prevent collection agencies from using unfair, deceptive or abusive practices to collect debts.
This gives rise to similar considerations as the court expressed in F. (V.J.) when the appellant chose to place the family home in his wife's name as protection against creditors.
And this is especially true if there are counter claims against the creditor as well due to collection abuses.
Lehman Brothers, a Wall Street institution that could trace its origins back over 150 years, declared itself insolvent by filing for Ch 11 protection against its creditors in the early hours of Monday, 15 September, 2008.
A creditor's failure to resell your car in a commercially reasonable manner may give you a claim against that creditor for damages or a defense against a deficiency judgment.
In fact, some euro zone ministers are against the creditors» current proposal because it goes too easy on Athens, Dow Jones also reported, citing an European Union official.
Placing assets in trust can protect them against creditors, divorced spouses and even the beneficiary himself if the account owner wants to place «spendthrift» restrictions on use of inherited assets.
Fortunately, estate planners can get around this problem, while still providing protections against creditors, by structuring a «designated beneficiary trust,» or «look - through trust.»
If you leave the money in the retirement account, it is protected against creditors should they come after you.
«Violations of the ATR requirements can lead to affirmative claims against creditors and defensive claims against assignees for potentially significant monetary damages consisting of actual damages, $ 4,000 in statutory damages, a refund of finance charges paid at closing, and three years of interest actually paid and attorneys» fees.
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