Sentences with phrase «as the debtor does»

Not exact matches

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.

However, Matthew 6 does not speak of sin or trespasses but of debts: «Forgive us our debts as we also have forgiven our debtors.»

Mathew 6, does state, «And forgive us our debts, as we forgive our debtors.»

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.

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.

However, the new bankruptcy law does not give all bankrupt debtors the opportunity to reorganize their assets; they may still have to prove that they can pay theirs debts as arranged with their income.

Lastly, if all loans are in her name only, and we help to pay while in school, does that benefit our taxes since load shows her as debtor?

We might have a good idea of where credit default should trade for a basket of corporate debtors «credits» so long as we look at the thing as a whole, and don't carve it up.

Plus it doesn't help that certain lenders such as Collecto have misled debtors into believing they were not eligible for bankruptcy dismissal when in reality that's just not the truth.

Though it is much easier and faster to recover their investment if there is a security guaranteeing repayment, the entire debtor's assets do act as a guarantee for unsecured debt.

Trustees are to consider the income loss, increased expenses, and other effects of a natural disaster as «special circumstances» that may allow a debtor who doesn't otherwise pass the means test to qualify for Chapter 7.

However, the debtor disputes this debt as he did not sign the promissory note nor any documents related to the student loan.

However, the debtors dispute this debt as they did not sign the promissory note nor any documents related to the student loan.

The debtor regrets as to having to request this type of relief, but finds himself in a situation that is not expected to better itself, nor does he see any other way to find a solution for these loans.

Recorded mortgage with misspelled name not a perfected lien: In re Badagliacca # 06 - 22132; Arnold as Trustee v. Bank of New York AP # 08 - 2032 (Decision February 23, 2009; Judge Ninfo) Mortgage misspelled the debtor's surname on its mortgage document («Badaglicca» rather than «Badagliacca»), so that a search of the index of land records does not reveal the mortgage.

As Iuliano says, «By adopting this broad reading, courts have done much to prevent honest debtors from utilizing the protections of bankruptcy.

As for market failure issues, you might wonder why the credit card companies and other creditors don't pursue the debtors themselves.

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.

Posted on the internet in August of 2008 as a comment in a discussion on bankruptcy, the debtor in this personal bankruptcy story shared how his small business failed because of his failing to develop a business plan: «I took a business risk 3 years ago and didn't have a plan B.

Debtor does not believe that her loan meets the definitional requirements for exemption because she does not believe the loan was made for «qualified higher education expenses», that CTI was an «eligible educational institution,» and does not believe that she was an «eligible student» as those terms are defined by 26 USC 221 (d) which is referred in § 523 (a)(8)(B) for the discharge of «qualified educational loans.

As an example, a filing wannabe debtor asked these questions on a bankruptcy forum website today concerning the 90 day rule: «Does anyone know from their experience, if the 90 day rule applies to payment of monthly rent, car note, and utilities?

This does occur, but it rarely happens, and it really does not involve the debtor so much as the creditors.

«The debtor incurred obligations presently owing to the defendant totaling approximately as follows: United States of America doing business as US Department of Education is owed $ 37,743.39 as of 5-2-12, Sallie Mae Inc..

As this large legion of insolvent debtors continue to age, those that don't restructure their debts before retirement will find it increasingly difficult to maintain their debt payments after they retire.

«consumer debtor» means a «natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person's principal residence, do not exceed two hundred and fifty thousand dollars or such other maximum as is prescribed»;

Debtors do not have to take the debt collection amount as being true; they can dispute the claims made against them.

Sure, your garden - variety lender does not have the power to garnish your wages or levy your bank account, but all creditors from loan sharks to credit unions and cable companies are interested in one thing: collecting as much as they can from debtors, as soon as they can.

(ii) As to transactions occurring after May 20, 1996, any creditor charging a finance charge in excess of the amount authorized herein, except as specified in subdivision (2), shall forfeit to the debtor the amount of the actual economic damages not to exceed the finance charge, which may be done by reducing the amount of the debtor's obligatioAs to transactions occurring after May 20, 1996, any creditor charging a finance charge in excess of the amount authorized herein, except as specified in subdivision (2), shall forfeit to the debtor the amount of the actual economic damages not to exceed the finance charge, which may be done by reducing the amount of the debtor's obligatioas specified in subdivision (2), shall forfeit to the debtor the amount of the actual economic damages not to exceed the finance charge, which may be done by reducing the amount of the debtor's obligation.

(c) Except as otherwise provided by law, when any debt is paid in full before the final scheduled payment date, the debtor may do so without penalty, and the creditor shall refund or credit the debtor with not less than that portion of the finance charge which shall be due the debtor as follows:

Not only does the debtors in the illustration benefit from the gift as a means to a financial fresh start, more than likely, they will not have to pay income tax on the gift.

Consumer Education Services, Inc. (CESI), doing business as Start Fresh Today (SFT), is a provider of both the Pre-Bankruptcy Credit Counseling and the Post-Bankruptcy Personal Finance Debtor Education course, each service approved and delivered in accordance with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

The study did note that those in the major medical issues group were «16 percent less likely than other debtors to cite trouble managing money as a cause of their bankruptcy.»

Younger households tend to be more highly leveraged than older households, and student debtor households tend to be more leveraged than households that do not owe student debt.5 Among the young and college - educated, student debtor households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.

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.

This is known as the standard repossession of a vehicle, entailing that the debtor has either been struggling with paying his / her car payments on time, or has flat out refused to do so.

While I think a bailout is just as unnecessary for taxpayers as it was for companies, I do think the government ought to consider extending the same benefits of public loans to private student loan debtors.

The debtor is known as an insolvent when their liabilities exceed their assets and they don't have the ability to pay their debts.

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».

A chapter 7 debtor with priority debt needs to have a fairly thorough analysis done of both the assets the debtor owns as well as the nature of the priority debt the debtor owes to make a decision as to whether to file a chapter 7 bankruptcy case.

The debtor does not have to request a Stay of Proceedings; it's automatically in effect as soon as the filing has been made.

As described by Lawyers Weekly, the court's decision provides that «a franchisor's rights to enforce noncompetition and nonsolicitation agreements are not claims that a debtor can discharge,» as long as the franchisor «does not alternatively have a right to payment of monetary damages.&raquAs described by Lawyers Weekly, the court's decision provides that «a franchisor's rights to enforce noncompetition and nonsolicitation agreements are not claims that a debtor can discharge,» as long as the franchisor «does not alternatively have a right to payment of monetary damages.&raquas long as the franchisor «does not alternatively have a right to payment of monetary damages.&raquas the franchisor «does not alternatively have a right to payment of monetary damages.»

As but one illustration, section 523, «Exceptions to Discharge,» starts with, «A discharge under section 727, 1141, 1228 (a), 1228 (b), or 1328 (b) of this title does not discharge an individual debtor...» In Bankruptcy II, each of those cross-references is a hyperlink, allowing you to jump to the referenced section.

The creditor's or voluntary arrangement supervisor's deposit is up by # 15 to # 415 and any debtor after salvation will have to extract an additional # 10 from the cash dispenser machine on the way to court (he can not yet do it all on the internet, as threatened) as his deposit rises to # 345.

«I hold every man a debtor to his profession, from the which as men of course do seek to receive countenance and profit, so ought they of duty to endeavour themselves by way of amends, to be a help and ornament thereunto.

As he acknowledged, however, the courts have other means of assisting award creditors which do not impinge on award debtors» rights of challenge, such as disclosure and freezing orders, and in future award creditors will need to look to such alternatives as a more indirect way of the securing the award suAs he acknowledged, however, the courts have other means of assisting award creditors which do not impinge on award debtors» rights of challenge, such as disclosure and freezing orders, and in future award creditors will need to look to such alternatives as a more indirect way of the securing the award suas disclosure and freezing orders, and in future award creditors will need to look to such alternatives as a more indirect way of the securing the award suas a more indirect way of the securing the award sum.

Where a debt is paid by a third party who does not regard himself as acting as agent for the debtor, or where the debtor neither approves the payment, nor subsequently ratifi es it, the debt will not be deemed to have been discharged.

For debtors that do not own much property, Chapter 7 bankruptcy may be an attractive option because many unsecured debts, such as credit cards and medical bills, could be discharged.

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 a prelude to bankruptcy or winding up, you may opt to serve a statutory demand, which at least does not involve expensive court fees and may flush out the debtor as to whether he, she or it has anything to losAs a prelude to bankruptcy or winding up, you may opt to serve a statutory demand, which at least does not involve expensive court fees and may flush out the debtor as to whether he, she or it has anything to losas to whether he, she or it has anything to lose.

In Schreyer, the S.C.C. confirmed that an equalization regime, as found in Manitoba (and Ontario), creates only a «debtor - creditor relationship» between spouses and does not confer proprietary or beneficial interests.