Sentences with phrase «bankruptcy processes»

Our bankruptcy processes are transparent, fair, and even speedy (for what is being done) in the US; we just need to augment them for firms that pose risk to a large portion of the financial and economic systems.

A Licensed Insolvency Trustee is a person licensed by the Superintendent of Bankruptcy to administer consumer proposals and personal bankruptcy processes.

The Official Receiver, among other things, accepts the documents that are filed in proposals to creditors and personal bankruptcy processes, examines bankrupts under oath and chairs meetings of creditors.

The trustee can give you information and advice about both the proposal and bankruptcy processes and make sure that your rights, as well as those of the creditors, are respected.

He could have tried a more modest solution of expediting bankruptcy processes, because the most pressing need for the economy is to turn bad debts into lesser equity stakes, so that the debt overhang can clear.

And while it might work for private companies, the lengthy and expensive bankruptcy process could use up resources cash - strapped states can not afford right now.

«McGuire «plan'to create value for Borders was unsuccessful, and Borders was eventually liquidated in a bankruptcy process,» the company said.

Whether it's starting the process to grant the island statehood (which island residents are now if favor of), or granting the island's government the ability to go through the Chapter 9 bankruptcy process, Congress doesn't seem ready to make policy decisions on Puerto Rico's future based on what is best for Puerto Ricans themselves.

Jackson's creditors, who first brought the posts to the court's attention, said that they were «contemptuous» of the bankruptcy process.

Sovereign debt crises tend to be messy and drawn - out — as Greece has shown — because the world lacks a global bankruptcy process to restructure debts that governments can't pay.

After the economic collapse of 2008, Washington injected billions of dollars into automakers General Motors and Chrysler as the first step of a quick bankruptcy process.

Almost from the start, sharp lines were drawn, according to people involved in the bankruptcy process.

Under the legislation, failing financial firms would be forced to go through the bankruptcy process rather than the «orderly liquidation process» run by regulators under Dodd - Frank.

During the 15-1/2 - month bankruptcy process, the city's historic collection at the Detroit Institute of Arts (DIA) came into play as a potential pot of assets to satisfy creditors.

Bankruptcy essentially wipes the slate clean with one's creditors and protects them from being contacted in the future about debts that were discharged through the bankruptcy process.

As part of the bankruptcy process, the US shale companies will be able to write down their assets and eliminate much of their debt thereby greatly reducing their break even point.

US shale companies that go through bankruptcy will become much more competitive as part of the bankruptcy process.

They therefore don't have access to the Chapter 9 municipal bankruptcy process.

Puerto Rico would have been left in a bind in which it had no access to the U.S. municipal bankruptcy process but was preempted from enacting any analogous debt restructuring mechanism by Section 903 (1) of that same Bankruptcy Code, per Franklin California Tax - Free Trust.

Giving it a version of the Chapter 9 bankruptcy process is only chapter 1 in its rehab.

Obtaining an auto loan after bankruptcy discharge is one of the best ways to help you rebuild your credit score, and even if you have not completed the bankruptcy process you're still eligible for an open bankruptcy auto loan.

He asked for the creation of a legal bankruptcy process but warned that even absent one the money would not all be paid.

The Obama administration and many members of Congress had been pushing to create a bankruptcy process for Puerto Rico that would allow bondholders to recoup some of what they are owed while allowing the island's government to continue functioning.

Although Kodak will continue to operate during the bankruptcy process, the State has been in touch with the company and local officials and New York State stands ready to support the Rochester community.

The Weinstein Company said in a letter that it will seek an «orderly bankruptcy process» amid tense settlement negotiations with New York state Attorney General Eric Schneiderman, a report said Sunday.

Community members also expressed their concern during the meeting about the lack of transparency of the hospital's bankruptcy process.

deCODE will continue operations with a loan from Saga during the bankruptcy process — a court has to approve the deal, and other companies can offer bids, a company press release says.

These forward - looking statements include, without limitation, statements regarding deCODE's expectations concerning the bankruptcy process and the continuation of day - to - day operations.

The bankruptcy process is expected to be completed in mid-May.

The chain has struggled through a bankruptcy process, facing heavy debt inherited from a 2005 buyout and intense competition from Walmart and Amazon.

The sale of the TIFIA loan allows DOT recoup a share of its investment and exit the Project; the alternative to the sale would be a lengthy and costly bankruptcy process with an uncertain outcome with little potential for DOT to recover a larger portion of its investment.

GM has officially exited bankruptcy as of Friday morning, bearing a new name but retaining several faces from the old company.Now known as General Motors Company, GM emerges from the bankruptcy process with what it has dubbed its four «core» brands — Cadillac, Chevrolet, Buick, and GMC — a new cost

It is called an «abuse of the bankruptcy process due to the intent of the use of a credit card».

If qualifications are not met, then the tax debt will need to be repaid after the bankruptcy process is over.

Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they might otherwise lose through the bankruptcy process.

You can force secured creditors to take payments over time in the bankruptcy process and bankruptcy can eliminate your obligation to pay any additional money if your property is taken.

The bar date gives debtors the certainty they need during the bankruptcy process.

In Canada, having Licensed Insolvency Trustees administering bankruptcy filings means that you have qualified professionals available to help you and take you through all parts of the bankruptcy process.

Some assets are completely excluded from the bankruptcy process by federal law.

They will also make sure you are given a full explanation of the bankruptcy process so you can decide if you should declare bankruptcy.

Please read that again if it hasn't sunk it yet and fully absorb it, because student debt is one of the only forms of debt that is almost impossible to wipe clean through the bankruptcy process.

A bankruptcy process can be overwhelming...

A small minority of filers try to abuse the bankruptcy process to hide assets and cheat creditors.

In spite of what many people think, it IS possible to get a car loan after bankruptcy.A bankruptcy process can be difficult to swallow, but it does not...

If you want your friends and family to receive payment through the bankruptcy process, you need to have an official document recording the loan amount, the parties to the loan, and the repayment terms.

They don't want people to transfer property to friends or family in order to hide it from the bankruptcy process.

If there is a note, they will probably only receive partial payment through the bankruptcy process.

Part of the issue that your question to me does not address is the cost of the bankruptcy process.

When you have gone through a Bankruptcy process, your ability to get finance is shattered.

Even transferring a property out of your name into someone else's name can not protect the property from the bankruptcy process, as the courts consider a transfer a «deemed disposition» — in other words, the property was as good as sold, and even if no money changes hands, the theoretical sale price will be determined based on the fair market value of the home.