Sentences with phrase «bankruptcy proceedings»

"Bankruptcy proceedings" refers to the legal actions taken when an individual or a business is unable to repay their debts. It involves a court process where a person's or company's financial situation is reviewed in order to determine the best course of action for handling their debts. Full definition
In fact it is currently in bankruptcy proceedings with its creditors.
Our experienced debt recovery team guides clients through the process of pursuing monies by way of bankruptcy proceedings against individuals.
Remember that student loans are typically not eligible for discharge during bankruptcy proceedings.
More store closures are expected in the coming months as troubled retailers work through bankruptcy proceedings.
Although student loans are generally exempt from bankruptcy proceedings, there are special circumstances under which you can appeal a court to discharge the debt.
Following a charge to pay / charge for payment, a creditor could also begin bankruptcy proceedings if your debt is more than # 3,000.
This stops your creditors from starting bankruptcy proceedings against you.
Building your credit ranking back up after bankruptcy proceedings have been discharged is often the most frustrating part of bankruptcy.
It is seeking to agree on a debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings.
And those who have opted to file bankruptcy proceedings invariably escaped from actually repaying them at all.
We can also put you in contact with other professionals who can assist or who you need to go to for formal bankruptcy proceedings.
All you have to do is prove your identity, and prove you do not have any pending bankruptcy proceedings.
It is likely that they will individually open bankruptcy proceedings against you.
They feared that upcoming bankruptcy proceedings would eliminate the pension program for future retirees.
There were over 1.6 million bankruptcy proceedings nationwide in 2011, slightly less than the previous year.
As the most common and simple form of personal bankruptcy, a Chapter 7 petition is not as likely to draw challenges from creditors as in more complicated, business bankruptcy proceedings.
Unlike some forms of debt, student loans can not be discharged through standard bankruptcy proceedings.
The reason bankruptcy proceedings may be lead to a denied application or higher prices is because of the insurers worry that you won't be able to pay your premiums.
You'll probably have to take time off from work to chat with your lawyer or encounter bankruptcy proceedings (which might mean missing out on vital income).
We will also briefly explain the difference between corporate bankruptcy and personal bankruptcy proceedings.
A lawyer can help you prepare the necessary legal documents and represent you at bankruptcy proceedings.
We also represent clients in Chapter 7 and 13 consumer bankruptcy proceedings.
In addition, supported by bankruptcy attorneys experienced in motor vehicle matters, he has represented manufacturers in dealer bankruptcy proceedings.
Chapter 7 bankruptcy proceedings usually take about three to six months to complete, and to be considered for it, your income can't exceed that of your state's median income.
In general, the same holds true for other assets that you still owe money on during bankruptcy proceedings, such as your car.
By the end of 2011, nearly $ 1.5 billion in student loans, about 1.3 % of the total, were involved in bankruptcy proceedings.
If another company was holding stock on his behalf, and that company filed bankruptcy proceedings, that's different than him being invested in a company that did the same.
Recognition of the Japanese bankruptcy proceedings as foreign main proceeding would have the effect of automatically «staying» (blocking) the Ontario class action.
In re Mirant Corp. — Represented agent bank / lender in the Mirant bankruptcy proceedings with respect to a $ 300 million bank facility and related litigation, achieving a full payout plus premium for the lending syndicate.
Our lawyers have an impressive record of achieving successful outcomes in bankruptcy proceedings throughout the world, and are active in all areas of financial restructurings and insolvencies in matters ranging from the largest multi-national mega-cases to significant regional businesses.
The ruling was triggered by an appeal filed on behalf of an international commercial real estate financing bank against a refusal to award to the bank all the rents — approximately EUR 2 million — collected in the course of bankruptcy proceedings by the bankruptcy receiver out of two office buildings charged with the bank's mortgages.
This question is about how automobiles are treated in bankruptcy proceedings when the car is either:
The experienced Legal Assistants at Virtual Paralegal Pros provide support to law firms and corporate legal departments for bankruptcy proceedings under Chapters 7, 11 and 13.
SCL and Cambridge Analytica said on their website on Wednesday that they would be starting «insolvency proceedings» in the UK and would soon file parallel bankruptcy proceedings in the United States.
For example, many foreign liquidators are not aware that they need to apply for recognition of the foreign bankruptcy decree and for the opening of ancillary bankruptcy proceedings in Switzerland.
For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy.
The Hudson Valley Resort and Spa came out of bankruptcy proceedings late last year with court approval to reduce $ 25.9 million in debt to about $ 10 million, Spitzer has said.
The companies will also start bankruptcy proceedings in the US.
Remington is facing a lawsuit from some of the victims» families in the Connecticut Supreme Court, where a ruling on the case has been delayed until bankruptcy proceedings end.
US affiliate companies are also entering bankruptcy proceedings, it confirmed.
The operations that were spun off were dubbed «Patriot Coal,» a corporation that has sought to escape its obligations to miners through federal bankruptcy proceedings
Initially, the insolvency proceedings were opened as restructuring proceedings but had to be changed into bankruptcy proceedings due to the absence of sufficient financing.
An estate of a resident individual involved in bankruptcy proceedings under chapter 7 or 11 of Title 11 of the U.S. Bankruptcy Code with gross income (as defined in IRC Section 61 (a)-RRB- of $ 9,500 or more
Throughout the AMA threads, Karpelès revealed that in addition to his own legal troubles, Tibanne is currently undergoing bankruptcy proceedings.
The funding is revealed in documents recently filed as part of the Arch Coal bankruptcy proceedings which list the coal company's creditors.
It observed that Solmon had been retained by Kaiser for both the motion to remove Davis Moldaver LLP from the case and for the wider bankruptcy proceedings initiated by the trustee.
MtGox's bankruptcy trustee applied for recognition of the Japanese bankruptcy proceedings in Canada as the «foreign main proceeding» under the Canada Bankruptcy and Insolvency Act.

Phrases with «bankruptcy proceedings»

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