Sentences with phrase «appointed bankruptcy trustee»

Attorney Ira D. Gingold has been a bankruptcy lawyer since 1971 and Court - appointed Bankruptcy Trustee from 1971 - 2013.

What I mean by extremely poor planning by the trust's settlor (s), is where the settlor (s) believe that a spendthrift provision in the trust document alone will save the vast majority of settlor's legacy from a court - appointed bankruptcy trustee, if the spendthrift decides to file for bankruptcy; after all, most spendthrift trusts say the magic words that purportedly limit a bankrupt trustee's access to the corpus of the trust or at least the vast majority of the corpus of the trust.

Chapter 7 bankruptcy is called a liquidation bankruptcy because it allows a court - appointed bankruptcy trustee to be appointed to your case, gather your nonexempt assets, and liquidate them to repay your qualifying creditors.

Black, who is based in Montreal, reached an agreement with court - appointed bankruptcy trustee William Leberman earlier this year to buy the property after local scrap dealer Adam Weitsman pulled out of a deal to buy it.

When you file a bankruptcy petition under Chapter 7, the court will appoint a bankruptcy trustee to liquidate your assets and pay off your creditors.

Upon your bankruptcy filing, the court will appoint a bankruptcy trustee who will enter an order for an automatic stay, which essentially stops all collection actions against you during your Chapter 7 bankruptcy case.

Not exact matches

For more than a year, a court - appointed trustee has been unraveling the case in federal bankruptcy court, working to gather assets and figure out claims that can be paid to investors.

Under the Chapter 7, the bankruptcy court orders an appointed case trustee to sell your properties and distribute the proceeds to your creditors based on the priorities established in the Code.

In doing this, however, you do stand to lose any non-exempt assets you may have (stocks, bonds, cash in savings accounts, valuable artwork, etc) to the trustee - in - bankruptcy appointed by the court.

The person responsible for making this happen is the bankruptcy trustee — a person appointed to administer the estate.

The bankruptcy trustee is an official appointed by the court to oversee your bankruptcy case.

Exempt property: The appointed trustee in a Chapter 7 bankruptcy will sell off nonexempt assets to pay your creditors.

An administrator of consumer proposals is a trustee in bankruptcy or a person appointed by the Superintendent of Bankruptcy to administer consumer bankruptcy or a person appointed by the Superintendent of Bankruptcy to administer consumer Bankruptcy to administer consumer proposals.

In this type of bankruptcy the court will appoint a trustee whose job it is to liquidate all property that is not exempt (or is in excess of what he or she may keep under law), and use the money raised to pay creditors.

Inspectors are appointed by creditors to represent them before the trustee during the administration of consumer proposals and bankruptcies.

However, keep in mind, if we file for you, a bankruptcy trustee will be appointed to your case.

According to bankruptcy laws, the trustee has the responsibility to first organize the right committees and then to appoint the appropriate members.

In a chapter 7 case, the bankruptcy court appoints a trustee to examine the debtor's assets to determine if there are any assets not protected by available «exemptions».

Under the Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy a Licensed Insolvency Trustee is appointed.

The trustee is not a judge, but an individual appointed by the United States Trustee to oversee bankruptcytrustee is not a judge, but an individual appointed by the United States Trustee to oversee bankruptcyTrustee to oversee bankruptcy cases.

They mentioned that a US bankruptcy trustee would be appointed to review and manage my case.

This trustee will either be an official receiver (an officer appointed by the bankruptcy court) or an insolvency practitioner (a debt specialist, usually an accountant or lawyer)

After you file for Chapter 13 bankruptcy, a trustee is appointed to administer your case.

It is, however, called a liquidation bankruptcy, which means it allows a court - appointed trustee to accumulate your nonexempt assets and sell them to generate funds to repay certain creditors.

In a Chapter 7 bankruptcy, the court appointed trustee may cancel many or all of your debts.

If you do decide to file, the court will appoint a trustee to review your debts, collect your nonexempt assets, and liquidate them to repay your creditors in priority order determined by the bankruptcy court.

A Chapter 7 bankruptcy involves a panel trustee, who appointed at random from a panel of lawyers.

Chapter 7 bankruptcy is when the court appoints a Trustee who may liquidate or sell some things that you own to pay your creditors.

A Panel Trustee is appointed in each Chapter 7 case to review the bankruptcy petition and schedules filed with the Court and to determine if the debtor has any non-exempt assets available for distribution to creditors.

After the bankruptcy petition is filed, the United States Trustee appoints as trustee a disinterested person who is a member of a panel of Chapter7 trustees («panel trustee») to serve as an interim tTrustee appoints as trustee a disinterested person who is a member of a panel of Chapter7 trustees («panel trustee») to serve as an interim ttrustee a disinterested person who is a member of a panel of Chapter7 trustees («panel trustee») to serve as an interim ttrustee») to serve as an interim trusteetrustee.

The trustee, an attorney or accountant appointed by the government to oversee and review the bankruptcy, will preside over the meeting.

The trustee appointed to your Chapter 7 bankruptcy case will decide if there are assets which can be liquidated to pay your creditors.

If the company was to file bankruptcy, does a court - appointed trustee have any claim rights to the reward points as an asset of the company or do they remain my personal asset?

In 2011, she was appointed trustee of Burr Oak Cemetery, a historic African - American graveyard in the Chicago suburb of Alsip that declared bankruptcy after a scandal involving a grave desecration and reselling scheme.

Michael is a member of McInnes Cooper's Asset Recovery and Insolvency group, and has acted for secured and unsecured creditors, receivers (both privately appointed and court - appointed), and trustees in bankruptcy in many of the major insolvencies in recent years on Prince Edward Island.

Section 303 (2) of the Insolvency Act 1986 (IA 1986) empowers the court to appoint a new trustee in bankruptcy, which enables it to replace a trustee removed under s 298.

Once you have received a copy of the information provided to Service Canada by the trustee or receiver appointed in your employer's bankruptcy / receivership, you may apply for WEPP on - line at Service Canada.

When Redwater was unable to repay the loan, ATB appointed Grant Thornton LLP (GTL) first as Receiver and subsequently as Trustee in Bankruptcy of the estate of Redwater.

The federal bankruptcy court would appoint a trustee to take over the company.

After making 12 months of payments to a court - appointed trustee and the trustee or the bankruptcy judge approves new credit.

a trustee in bankruptcy, custodian, receiver, receiver - manager, or liquidator who is appointed under a provincial or federal enactment, in respect of real estate services undertaken by the person in that capacity;