Sentences with phrase «by federal bankruptcy laws»

Most of the bankruptcy process is governed by federal bankruptcy laws.

Both procedures were created by federal bankruptcy law, and are legally binding on your creditors, so once your consumer proposal or bankruptcy is completed the creditors can not pursue you for those debts.

Not exact matches

The U.S. Supreme Court is also reviewing federal court rulings that said a local bankruptcy law enacted by the commonwealth is unconstitutional.

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

While most bankruptcy questions are governed by federal law, the Bankruptcy Code permits states to determine what property their residents cbankruptcy questions are governed by federal law, the Bankruptcy Code permits states to determine what property their residents cBankruptcy Code permits states to determine what property their residents can exempt.

Exemption laws have been enacted by every state as well as the federal government to protect the property of debtors against the claims of judgment creditors and, once a bankruptcy case is filed, the trustee.

The ability to file bankruptcy is established by federal law, and all bankruptcy cases are handled in federal court.

After a precedent was set by the Supreme Court, federal law doesn't allow student loan debt to be discharged in bankruptcy, although other forms of outstanding debt such as credit cards have the potential for discharge in bankruptcy.

Unfortunately, under current federal law, it is almost impossible for student - loan borrowers to discharge their debts by filing for bankruptcy.

Legislative solutions, governed by federal law, typically come in the form of consumer proposals, which are now more commonly used than bankruptcy filings.

These schedules will be used by the bankruptcy court to check against state and federal exemption laws which allows the filer to keep the unsecured assets listed under most circumstances.

Since bankruptcy is backed by both federal and state laws, there is really no reason to view a bankruptcy protection as anything other than a tool used by our society to potentially help alleviate a bad financial situation between two parties.

Bankruptcy law has not allowed the discharge of federal loans since 1978, which included student loans issued entirely by the federal government.

Strategically, by using a combination of Bankruptcy, State, and Federal consumer protection laws, Doan Law Firm has developed and pioneered a program that allows homeowners to legally remain in their home for 8 - 18 months or even years after ending mortgage payments!

Bankruptcy in Canada is governed by federal law, but the process is not free.

The state does not allow filers to use federal exemptions for assets, so their choice is dictated by state bankruptcy exemption laws alone.

The legal rights of liens are governed primarily by state laws, but since filing bankruptcy is a federal matter governed by federal laws, a debtor wanting to file bankruptcy should understand the significance of a lien in relationship to the bankruptcy process.

Clarifies current law's «undue hardship» exception to nondischargeability in bankruptcy as it applies to federal student loans by creating a rebuttable presumption that a debtor faces an «undue hardship» if the debtor is receiving disability benefits under the Social Security Act;

The reason for raiding your IRA under these circumstances is because an IRA is not exempted in a bankruptcy from an Internal Revenue Service levy as described by federal law.

Doug Hoyes: That's always the way it works, and that's because bankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythbankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythBankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everything we do.

In 2005, the law was changed to exclude ALL student loans, private or federal, from being discharged by bankruptcy.

It's your right under the Constitution: Federal Bankruptcy Laws are designed to give debt relief to people who are overburdened by debt.

Despite the fact that bankruptcy is controlled by federal law, there are a variety of exemptions to property and holdings that DO differ from state to state and can significantly impact your bankruptcy.

It just released its 2003 editions, which include the Federal Rules of Evidence, Civil Procedure, Criminal Procedure, Bankruptcy Procedure and Appellate Procedure, along with popular lawyers» titles such as A Lawyer's Life, by Johnnie Cochran and David Fisher; The Case Against Lawyers, by Catherine Crier; and Law School Confidential, by Robert H. Miller.

America's Federal Bankruptcy Laws are designed to give Debtors a «Fresh Start,» but they also protect Creditors, by ensuring that each and every Creditor will be treated equally, whether they are complete strangers to the Debtor, or close relatives of the Debtor.

Bankruptcy is a program created by federal law that allows you to eliminate certain kinds of debt or create a payment plan to repay your debts over time.

I realize that BK is filed in Federal bankruptcy court but does any Texas law apply or are there nuances applied differently by any federal bankruptcy court Federal bankruptcy court but does any Texas law apply or are there nuances applied differently by any federal bankruptcy court federal bankruptcy court region?

Wells Fargo and Citigroup to face claims they violated federal law by falsely notifying of bankruptcies and foreclosures, Reuters

«Forcing a debtor into bankruptcy as a means of trying to collect on a debt is prohibited by federal law,» said Brandon bankruptcy lawyer O. Reginald Osenton.

As reported by The Am Law Daily earlier this month, the firm picked up the debtors - side work for Massachusetts - based Beacon Power Corporation, which sought Chapter 11 protection in Delaware federal bankruptcy court in October.

At Bailey & Galyen, our lawyers have taken an aggressive stand to defend Texas home and property owners from bank foreclosure by using federal bankruptcy laws.

Bankruptcy is governed by federal laws that make the general rules and process relatively the same from one state to the next.

The bankruptcy code respects this division between federal and state law by allowing each state to provide its citizens with state law exemptions in bankruptcy, or the use of the federal bankruptcy exemptions, or the choice to use either.

Posted by Celia C. Elwell, RP in Appellate Law, Apps, Bankruptcy Law, Cell Phones, Dockets, E-Filing, Federal District Court Rules, Federal Law, iPad, iPhones, Legal Technology, PACER, Trial Tips and Techniques, U.S. Courts of Appeal

When you're approved for bankruptcy status by a federal bankruptcy court, some or all of your debts will be forgiven, and creditors and collections agencies are no longer permitted to pursue you for those debts under law.

Bankruptcy is governed by federal law, however.

Federal bankruptcy law exempts a debt from discharge if the creditor can show that the debtor obtained money through known misrepresentation that was relied on by the creditor and created a loss to that creditor.

Unless you are willing to become an expert on Dodd Frank, the Consumer Finance Protection Bureau, state homestead laws, state foreclosure laws relating to consumer loans and Federal Bankruptcy homestead protection, I would suggest investing only in notes secured by commercial or investment real estate.