Sentences with phrase «by bankruptcy»

A chapter 13 bankruptcy provides for repaying a portion of your debts as determined by a bankruptcy court trustee.
Claims approved by the bankruptcy trustee total more than $ 400 million.
Banks do cancel credit cards automatically when they learn cardholders have filed for bankruptcy — even if the account with that bank was not affected by the bankruptcy because it had a zero balance.
After filing Chapter 13 bankruptcy, the debtor creates and proposes a repayment plan to be approved by the bankruptcy court.
Any claim not made by a creditor within a certain time frame may be subject to being discharged by the bankruptcy court.
Funds remain relatively unaffected by a bankruptcy of the fund manager.
When you are filing bankruptcy, whether it is Chapter 7 or Chapter 13, you must follow a defined process as defined by the bankruptcy laws of each state.
Since the taxes would be new debt, they would not be covered by any bankruptcy filed in the past, and they may be exempt from the filing of a bankruptcy anyway.
These next three scenarios were provided by bankruptcy attorneys, who used fictional names for the clients in describing the bankruptcy cases.
The protection provided by bankruptcy law is called an automatic stay of proceedings.
Third on the list of future revenue generators, according to the survey, is health care law, followed by bankruptcy, and labour and employment.
A consumer proposal is a formal, legally binding process that is administered by a bankruptcy trustee.
This can allow you to make better use of the fresh start afforded by bankruptcy protection.
If it's a term life insurance policy, it will be completely unaffected by the bankruptcy.
So when can back taxes be wiped clean by a bankruptcy filing?
Be alert about any unusually low fees advertised by bankruptcy lawyers.
If you are in financial trouble, you have nothing to lose and everything to gain by taking advantage of the free advice offered by bankruptcy trustees.
Along with many of our minority friends and neighbors, we will be adversely affected by our bankruptcy for years.
Unlike Chapter 7 bankruptcy, Chapter 13 bankruptcy allows the debtor to keep their property and repay creditors over a three or five year repayment plan ordered by a bankruptcy court.
All the property you own that exceeds the value of your state's exemption laws is subject to sale by the bankruptcy trustee.
The last step is to attend a confirmation hearing held by the bankruptcy judge.
For instance, ask yourself: Is this company threatened by bankruptcy / severe financial challenges, or does the business have a solid capital structure?
Since your retirement funds are already protected by bankruptcy law, it is important that you talk to a bankruptcy trustee before draining your retirement savings to pay off debts.
There's no question about the liquidation because it's required by the bankruptcy court.
Our attorneys handle a wide range of complex cases, including claims brought by bankruptcy trustees, shareholder - derivative actions, cases involving intellectual property issues and demands for punitive damages.
Chapter 13 bankruptcy is usually for consumers who make too much money to qualify for Chapter 7 bankruptcy or consumers with assets they don't want taken by the bankruptcy court.
Payments to insiders are called preference payments and they're prohibited by bankruptcy law.
Readers of this blog will recall that the automatic stay is an injunction issued by the bankruptcy court that prevents collection activity of any kind after a case has been filed.
The creditors that you listed in your filing will be notified by the bankruptcy clerk that you have filed for bankruptcy and most collection actions must stop, including foreclosure proceedings.
Under Chapter 7 bankruptcy law, certain assets may be seized by the bankruptcy court in order to pay creditors.
The automatic stay in bankruptcy is a federal legal procedure used by bankruptcy courts to cease collection activities until all debts have been settled.
If you graduated two years ago and declared bankruptcy today, your student line of credit would be eliminated by your bankruptcy just like any credit card debt you have.
Some assets are exempt from seizure by a bankruptcy trustee.
It is monitored and supervised by a bankruptcy court as it is also a legal procedure.
And if you have valuable assets, they'll probably be seized and sold by the bankruptcy court and the proceeds will be used to pay back your creditors.
By charging a very small amount and paying it off immediately, you will slowly begin to undo the damage done by the bankruptcy.
Many people working on their own are overwhelmed by the bankruptcy process.
If you have no assets, it is possible that your debts will be wiped out by the bankruptcy with no expectation that you pay your creditors.
The case concluded in just under 16 months, lightning speed by bankruptcy standards.
It seems to occur when an alcoholic «hits bottom,» i.e., is faced by the bankruptcy of his old way of life.
These three criteria are fairly subjective and are open to interpretation by the bankruptcy court judge.
Bad credit lenders are not concerned by bankruptcy proposals or poor credit as their business is in real estate.
The cost to file Chapter 13 bankruptcy consists of filing fees and fees charged by a bankruptcy attorney.
Continuing this debt does not give me the «clean slate» intended by bankruptcy.
The house may be in the spouse's name, but each asset is viewed by the bankruptcy courts separately and in relation to the filing individual debtor.
By bankruptcy statutes, filing fees can not be refunded.
Student Loans: Almost no student loans are canceled by bankruptcy.
Right now, student loans are not eligible for cancellation by bankruptcy.
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