Sentences with phrase «bankruptcy code requiring»

Alternatively, add a clawback provision to the bankruptcy code requiring the takeover artists to return all the funds they extracted from the takeover target if that company files bankruptcy within, say, 10 years of the leveraged buy - out.

Some sections of the Bankruptcy Code require you to determine and list the replacement value of an asset such as a car or furniture.

But the knowledge of exemptions is still important to chapter 13 debtors, since the Bankruptcy Code requires that chapter 13 plans, in order to be confirmed by the court, must provide as much payment to the debtor's unsecured creditors as these creditors would receive in a theoretical chapter 7 liquidation.

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.

Not exact matches

In 2005, a law was passed requiring bankruptcy filers to pass a means test proving their current monthly income (as defined in chapter 7 of title 11 of the United States Code) is below their state's median income.

You will have to act as your own legal representative — which requires an understanding of the Bankruptcy Code, not to mention court etiquette and filing procedures.

In many instances, the creditor is required to pay your reasonable attorney fees — and you also may be entitled to compensation for their violation of the bankruptcy code.

Keep in mind that the bankruptcy code is very complex and filing a bankruptcy petition requires a thorough knowledge of the bankruptcy code and other laws.

The the U.S. Bankruptcy Code you're also required to provide the trustee with copies of your pay advices for the 60 days before your case is filed.

Amendments to the Bankruptcy Code enacted in to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 require the application of a â $ means testâ $ to determine whether individual consumer debtors qualify for relief under Chapter 7.

As part of the bankruptcy reform in 2005, Congress enacted a provision in the Bankruptcy Code that requires debtors to complete a credit counseling course, also known as a pre-bankruptcy course, prior to filing bbankruptcy reform in 2005, Congress enacted a provision in the Bankruptcy Code that requires debtors to complete a credit counseling course, also known as a pre-bankruptcy course, prior to filing bBankruptcy Code that requires debtors to complete a credit counseling course, also known as a pre-bankruptcy course, prior to filing bbankruptcy course, prior to filing bankruptcybankruptcy.

Any attorney practicing bankruptcy is now required to state: We are a debt relief agency and help people file bankruptcy under the bankruptcy code.

Attendance at this clinic is not a substitute for the «Credit Counseling» required of consumers in the amendments to the Bankruptcy Code effective October 17, 2005.