Sentences with phrase «bankruptcy discharge operate»

The Bankruptcy Code is federal law, meaning that its important provisions such as the automatic stay and bankruptcy discharge operate in similar fashion nationwide.

Not exact matches

At the end of the process, the bankruptcy court issues a discharge that operates as a permanent injunction preventing creditors from seeking to collect on debts that were included in the bankruptcy.

Section 524 (a)(2) of the Bankruptcy Code explains that a bankruptcy discharge «operates as an injunction against the commencement or contiBankruptcy Code explains that a bankruptcy discharge «operates as an injunction against the commencement or contibankruptcy discharge «operates as an injunction against the commencement or continuation...

Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts, discharge certain unsecured debts that can not be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business.

The SCC decided the provincial legislation and the federal BIA clearly conflict — and can't operate concurrently: one provides for the release of all claims provable in bankruptcy, while the other disregards this release and allows for the use of a debt enforcement mechanism to exclude a discharge in bankruptcy.

The plaintiff brought a motion to lift the stay and for declarations that the stay did not operate with respect to enforcement of judgment, that the judgment was an award of damages for bodily harm intentionally inflicted pursuant to s. 178 (1)(a. 1) of the BIA, and that the judgment survived bankruptcy and was not a debt released by order of discharge.