Sentences with phrase «by the bankruptcy laws»

The fresh start provided by our bankruptcy laws is an important part of American capitalism.

Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support and alimony (known as Domestic Support Obligations), student loans (but tuition is dischargable), court restitution orders, criminal fines, and some taxes.

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.

Payments to insiders are called preference payments and they're prohibited by bankruptcy law.

While some of the cash value in the policy may be protected by bankruptcy laws, any amounts that exceed the protection limits can be seized by the court.

In either of the above situations, you can continue to earn a living subject to the surplus income guidelines imposed by bankruptcy law which guidelines allow you to retain a certain proportion of earnings depending upon your after - tax income and the number of persons in your household.

The trustee is then allowed to liquidate certain bankruptcy estate assets to generate funds to repay creditors in priority order established by bankruptcy laws.

Some debts are specifically excluded by bankruptcy law.

By bankruptcy laws, creditors can not continue to try and collect a debt once the debt has been discharged by bankruptcy.

In any regards, it is up to the person who files a petition to the bankruptcy court to provide the burden of proof by bankruptcy law for why the discharged case should be reopen.

The two main options provided by bankruptcy laws, Chapter 7 and Chapter 13, are generally explained on this page.

Not exact matches

Meanwhile, in 2010, Allopenna began underwriting consumer bankruptcies at Hall Legal Corp., a law firm headed by an attorney who had just been admitted to the bar.

A statement of claim filed by law firm McGuigan Nelson LLP alleges, in essence, that Platinum CEO Shariff Chandran and his sister Chitra Chandran, a director, colluded with Calgary businessman Riaz Mamdani to drive Platinum properties into bankruptcy.

In the 1800s, in Europe, the argument for the liberalization of bankruptcy law, and the introduction of limited liability, was bolstered by the increasing number of cases like John Bayer, who went bankrupt and then, later, started producing Bayer aspirin, which became a great success.

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

It blamed the media for having caused this problem by reporting that it had hired a bankruptcy law firm.

In Europe, the market's development has been hampered by a hodgepodge of national bankruptcy laws, and investor sentiment that has not fully recovered from the sovereign debt crises early this decade, according to Oh.

According to a statement issued by the law firm representing Jackson, the bankruptcy filing allows the rapper to «continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.»

This leaves them without enough money to sustain the living standards of recent years — and they no longer can wipe out their debts by declaring bankruptcy as in times past, because Congress has passed the harsh bankruptcy law that credit - card and bank lobbies paid them to pass.

Instead of Congress passing a politically unpopular «Airline Bailout Act» in which billions of dollars are handed to the industry, airlines one by one have used US bankruptcy laws to, in essence, receive a backdoor bailout.»

The Asian financial crisis of 1998 happened because the law ignored bankruptcy issues, which was caused by investors pulling out funds from inaccurate speculation.

Ten casino opponents spoke at a Brookhaven Town Board meeting Thursday night, some saying the town had been poorly served in the bankruptcy court proceedings by attorneys from the Manhattan law firm Nixon Peabody.

Dade County officials said the new plan unveiled by Superintendent of Schools Joseph Fernandez is patterned after the academic - bankruptcy laws in New Jersey and five other states that allow the state education agency to assume control over failing school districts.

Rauner and Republican leaders in the General Assembly have called for laws that would permit CPS to declare bankruptcy and allow a state takeover of the district, a proposal opposed by Democratic leaders who control the House and Senate.

Geraci hated both the term and the crude endgame strategy, and he put it to rest by working on a night school law degree and supplanting the fires with perfectly legal bankruptcy proceedings.

The venerable D.C. institution has been under the control of the Graham family since 1946, and in the 13 years before that was owned by Philip Graham's father - in - law, Eugene Meyer, who bought it at a bankruptcy auction.

The stay is automatic, meaning that arises by operation of law upon filing for bankruptcy.

(Writing about exemption law) «This is the compelling reason why you should have your bankruptcy prepared for you by professionals rather than trying to do it yourself with forms, kits or software.»

Before you file a bankruptcy case, you are required by the new law to have a one - on - one session with a government - approved credit counselor who will help you find other options besides filing bankruptcy.

Governed by the same law as bankruptcy, a consumer proposal stops all collection and creditor actions as soon as you file.

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

If you live in Alberta and are considering bankruptcy we suggest you contact one of the following Licensed Insolvency Trustees in Alberta — the experts on Alberta bankruptcy law, by e-mail or by phone, to fully review your situation.

You'll need to consult state law or search National Bankruptcy Forum's Consumer Laws by State section for the list of specific exemptions available to you.

Chapter 11 bankruptcy is by far the most complicated of bankruptcy cases, and as a result, there are very few law firms that handle chapter 11 cases.

A recent research study by two law professors concluded that most people are driven to bankruptcy not by any sudden, catastrophic event but rather by the relentless, depressing pressure of collection calls and letters.

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.

Ginsberg Law Offices, P.C. is a debt relief agency as defined by the United States Bankruptcy Code.

The legislative history of the 1978 Bankruptcy Reform Act, the law that added a student loan provision to the Bankruptcy Code, is full of comments by members of Congress concerned with the damaging effects of continuing to allow educational debt to be discharged.

Our Laguna Hills Doan Law bankruptcy lawyers are standing by to help you through the process and ultimately end the relentless harassment from creditors and debt collectors.

By law, all actions to get you to pay your creditors must stop as soon as the bankruptcy documents are filed.

Credit bureaus are permitted by law to report bankruptcies for 10 years and other negative information for 7 years.

When you file for personal bankruptcy or make a proposal to your creditors, you must turn over all credit cards to your trustee, who will then return them to your credit card companies; that is the law (paragraph 158 (a. 1) of the Bankruptcy and Insolvency Act and Directive # 3 issued by The Superintendent of Babankruptcy or make a proposal to your creditors, you must turn over all credit cards to your trustee, who will then return them to your credit card companies; that is the law (paragraph 158 (a. 1) of the Bankruptcy and Insolvency Act and Directive # 3 issued by The Superintendent of BaBankruptcy and Insolvency Act and Directive # 3 issued by The Superintendent of BankruptcyBankruptcy).

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.

Credit card companies who choose to pursue you for old, discharged debts will do so in violation of the law and will be subject to sanctions by the bankruptcy court.

Choice of exemption laws is determined by state of residence; however, you'll need to have lived in Florida for two years before its laws will apply to your bankruptcy case.

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

You might also have to give up some of your assets if they're not exempt by your state's bankruptcy law.

Chapter 7 is sometimes called «income protection,» because by surrendering to the bankruptcy court your nonexempt assets (assets over and above those things that you may keep by law when you file bankruptcy) you are protecting all of your future earnings.

To schedule your free initial consultation — and seize your financial «happily ever after» from the Nicest Bankruptcy Law Firm in Minnesota, Kain & Scott — contact our office by telephone or online today.

... all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for consultation concerning debt consolidation, relief under the bankruptcy law, or preparation of a petition in bankruptcy within one year immediately preceding the commencement of this case.