Sentences with phrase «as most debtors»

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Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

As there are a plethora of debt relief options for the credit card debtors, most of them are unaware whether or not debt consolidation through a credit card debt consolidation company is the best option for repaying their debts.

Debtors typically structure these schemes to prioritize the highest principal loans first as they are likely the most expensive.

Today, most of the student loan attention revolves around the negatives for young student and graduate debtors, but their cosigners, often their parents, also struggle as a result of the student loan crisis.

It is advisable to apply for a fast cash loan for individuals that have a bad credit ranking as a lot of lending businesses offer these loans on the basis of the most recent payment proof of the debtors and are generally not worried about their credit history.

In other parts of the country the fees can be as high as $ 1000 - $ 2000, and unfortunately, most bankruptcy lawyers are going to require debtors to pay these fees prior to filing the Chapter 7 Bankruptcy petition.

Most debt collectors take this step only as a last resort because it's costly and a lawsuit may push a debtor into bankruptcy where the debt could be dismissed entirely, leaving the debt collector with nothing.

According to Debt Steps, the debtors should include only the most relentlessly past due or most damaging items on their credit reports so as to be most effective.

When most debtors find themselves at the end of their rope, they can often be compelled to file for bankruptcy however, it is important to be aware of the alternatives, as bankruptcy is not always the best solution to get out of debt.

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

She, like most people, did not know very much about her options — but our team was able to help her fully understand not only bankruptcy, but her other options, such as filing a consumer proposal, which allows a debtor to keep their assets and can give a fresh start while avoiding bankruptcy.

Most courts, including those in California, have adopted a three - part test, known as the Brunner test, to determine if a debtor meets this requirement.

To establish undue hardship in most jurisdictions, a debtor must satisfy a three - part test, known as the Brunner test after Brunner v. N.Y. State Higher Educ.

Most courts around the country use a three - prong test to determine if a debtor has established «undue hardship,» known as the Brunner test after Brunner v. N.Y. State Higher Educ.

After young debtors, senior debtors are the most likely group to blame financial mismanagement as a cause of their financial problems; however, 17 % also list health concerns as a cause.

Most bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the loMost bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the lomost of the repayment period, and (3) «good faith efforts» by the debtor to repay the loans.

In most Chapter 13 cases, the debtors keep their tax refunds after bankruptcy; however, there are cases where the debtors may need to pay a portion of their tax refunds to the trustee as part of their

And, like most credit card debtors, this didn't happen overnight but built up over time as she charged this or that she didn't have the cash to pay for but felt she «needed».

In most Chapter 13 cases, the debtors keep their tax refunds after bankruptcy; however, there are cases where the debtors may need to pay a portion of their tax refunds to the trustee as part of their bankruptcy plan.

Most will usually accept a reasonable offer, as it results in a more favourable outcome than the bankruptcy of their debtors.

Deals with clients in business litigation such as that between Pillsbury and the SonicBlue board may be perfectly reasonable in most situations, but in bankruptcy, where the interests of creditors are paramount in a debtor - in - possession situation, such a deal undermines the entire process because Pillsbury could not be expected to fully pursue claims against the board if Pillsbury was potentially on the hook for any damages by agreement.

This information is necessary to formulate even the most rudimentary business plan, which must be constantly updated and explained to the bankruptcy court and the other parties - in - interest in the debtor's case, such as its secured creditors and the Office of the United States Trustee.

The U of T group has conducted a review of literature on civil legal needs, identifying debtor / creditor issues, employment law, and family law matters as the most pressing areas for increased service.

The two most common mechanisms for this purpose are (1) a writ of seizure and sale, and (2) a garnishment of debts, such as wages, owing to the debtor.

Given the fact that — as is most generally recognized — most contractual obligations are obligations of result anyway, this analysis suggested two very positive consequences for debtors (or vendors, in our case).

This information is necessary to formulate even the most rudimentary business plan, which must be constantly updated and explained to the bankruptcy court and the other parties - in - interest in the debtor's case, such as its secured creditors and the Office of the United States Trustee.