Sentences with phrase «as a debtor»

Generally, as long as the debtor make payments on time, he or she can keep their secured property (like a home or car).

You have rights as a debtor, and there are legal consequences for creditors and collection agencies who violate those rights.

And how to live as a debtor, and to consider the borrowing of money against possible future earnings as normal.

They made me feel bad and played on my guilt as a debtor.

By that I mean you receive regular payments as long as the debtor doesn't go bankrupt and stop paying.

A monthly payment is determined, and interest is no longer charged as long as the debtor sticks to the payment plan.

The Artist as Debtor Conference, organized in part by Coco Fusco, discussed by Hrag Vartanian in Hyperallergic.

Our staff have worked for bankruptcy Trustees, credior law firms as well as debtor law firms.

And the wealth gap is also large for households headed by young adults without a bachelor's degree: Those with no student debt have accumulated roughly nine times as much wealth as debtor households ($ 10,900 vs. $ 1,200).

And the wealth gap is also large for households headed by young adults without a bachelor's degree: Those with no student debt have accumulated roughly nine times as much wealth as debtor households ($ 10,900 vs. $ 1,200).

An example would be a scenario involving a company that files bankruptcy, but is operating as a debtor in possession by remaining in possession and control of the property or assets.

Prior to receiving a discharge, the Bankruptcy Code requires that you complete a mandatory Financial Management Course (also known as a Debtor Education Course) that is designed to help you manage your personal finances in the future.

Consumer Legal Advice Clinics provide an opportunity for clients to meet with a pro bono attorney to receive free legal advice concerning consumer issues such as debtor harassment and responding to collections lawsuits, and contracts / warranties.

He currently serves as debtor's counsel for Nortel Networks, which filed for bankruptcy protection in January 2009.

Bernanke believes that the macroeconomic effect will be nil as long as creditors are willing to consume as much income as debtors (consumers and workers) would have done.

Minnesota state law allows a bankruptcy debtor to exempt up to $ 390,000 in equity in the debtor's homestead, which is defined as the debtor's domicile where the debtor intends to remain.

For Chapter 13 Bankruptcy, vehicles may be kept as long as the debtor makes the necessary payments under their bankruptcy payment plan.

But while the bankruptcy debtor's personal liability to pay a mortgage note or a car loan is discharged, just the same as the debtor's personal liability to pay a credit card account is discharged, the difference between the secured creditor and the unsecured creditor after discharge is significant.

If you have found yourself in the same business predicament as the debtor in our illustration and without the knowledge of what to do next, remember that bankruptcy laws are complicated, and common sense indicates you will need a bankruptcy lawyer in order to properly understand how these complex laws may apply in your situation.

Generally, it takes effect as soon as debtors file their voluntary petitions and stays in effect for the duration of the case.

It is recommended that creditors be contacted as soon as an issue arises to prevent the debt from spiraling out of control as the debtor struggles to pay all of their obligations.

The IRS (Internal Revenue Service) considers any unpaid debt amount as the debtor's income.

The name Rowland Webster has been used as the debtor name on a loan collection fraud previously reported to LAWPRO.

The same emails were received in Colorado with Animals Steel Supply as the debtor (a now defunct steel supplier).

Skadden's restructuring team was tapped as debtor's counsel in the MF Global Chapter 11 filing in October, and by Travelport in a $ 3.8 billion cross-border restructuring announced in September.

The United States Supreme Court, in Baker Botts L.L.P. v. Asarco LLC, No. 14 - 103 (June 15, 2015)(published), rejected Baker Botts» application to obtain another $ 5 million in fees for successfully supporting its prior professional fee work as debtor's company's Chapter 11 counsel (rebuffing the challenges to fee applications by debtor itself).

«The run up to the festive season can also see fee earning work slow and therefore at this time of year, invoicing and the resulting cash inflows can be at a low ebb and coupling with paying debtors as debtors leaves cash holdings suffering.»

In family law matters, bankruptcy law balances the rights between spouses as debtor and creditor, and all of the creditors of the debtor spouse.

He also represents large companies as debtors in bankruptcy proceedings and in non-bankruptcy restructuring.

This would mean a breakdown of current assets (including bank balances as well as debtors and stock) and current liabilities (including bank overdraft and creditors).

So even you finally seek a help from credit counseling services, it pays to learn all you can about debt, consolidation, and other related subjects, including your legal rights as a debtor.

The legislation gets complex for Section 75a, because for a purchase to be covered, the finance must be properly linked to an item (known as a debtor - creditor - supplier agreement) so the finance company can see a clear relationship between the money and the goods.

Congress has determined that these types of debts are not dischargeable for public policy reasons (based either on the nature of the debt or the fact that the debts were incurred due to improper behavior of the debtor, such as the debtor's drunken driving).

Labovitz, 40, joins Debevoise from Kirkland & Ellis, where her notable assignments included serving as debtor's counsel on Chapter 11 cases involving Chemtura Corporation, which filed for bankruptcy protection in 2009 and TOUSA, Inc., which did so in 2008.

As long as the debtor is enrolled in an undergraduate program at least part - time, the U.S. Department of Education pays the interest on the loans.

The burden of proof is on you as a debtor to prove undue hardship.

To grab and control, as debtor and cursed, for richer and in poor grammar, in homesickness and ill gotten wealth, until Dems us do part.

Through his brave and bright witness, God gave me the grace to look at my life as it had been and was and is becoming, and as a debtor: as one to whom God owes nothing whatsoever.

Your trustee is required by law to submit a report to the Office of the Superintendent of Bankruptcy stating that they think the proposal is fair to all parties and that you, as the debtor, will be able to meet the agreed upon terms.

But before contacting and dealing with creditors it is important that you learn how they look at you as a debtor and how they will react if you don't pay your bills.

As a debtor, you should never ignore the debt collectors.

My point is that, as a debtor, you'll get more out of the system than your bankruptcy judge, your bankruptcy lawyer, or anyone else who works in the bankruptcy system.

If the original creditor can't get you as the debtor to pay your debt, they often turn the effort over to a collection agency.

It's convenient and very fast, but as a debtor you know that the results can be financially devastating.