Sentences with phrase «case against your creditor»

Bear in mind that this diary of phone calls is not admissible in court, but it can act as a reference when compiling the case against your creditor.

Not exact matches

According to law, unless the creditors file a case in the court, they are not allowed to take action against people who have gone bankrupt.

The bankruptcy filing stayed all creditors» actions against Kratz, though, freezing the case.

In the case that you can not manage your loan, this provides the creditor protection against their investment.

In some cases we will file separate charges with the Federal Trade Commission and Bureau of Financial Protection against each Credit Bureau and each individual creditor.

It would be untrue to say the creditors everywhere are sticking by the rules, and an increasing number of cases are being taken by consumers against their creditors.

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 instant the case is filed, your creditors are prohibited from taking collection action against you... even a foreclosure is frozen.

Under New York law, a judgment creditor may then garnish 10 % of gross wages, put a lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.

If you don't show up in court or you do appear but lose your case, the creditor wins a judgment against you to garnish your wages or bank account.

All you need is one «unreasonable» creditor to sue you, get a wage attachment, or put a lien against your house and you will be forced, in most cases, to file bankruptcy to protect your property.

If you don't show up to court or you lose your case, the creditor automatically wins a judgment against you to garnish your wages or bank account.

It may be the case that one of the creditors that you owe money to will be able to succeed in getting a county court to rule against you.

However, legitimate debt relief companies like Freedom Debt Relief offer third party legal representation options in case a creditor attempts to take legal action against you.

In some cases, their creditors were even considering taking legal action against them.

In both cases, if a creditor has taken collection action against you (even the Canada Revenue Agency) or has imposed an enforcement measure such as a wage garnishment or frozen your bank account, this is stopped once a bankruptcy or consumer proposal is filed.

Assuming that you filed no other cases in the last 12 months, an automatic stay goes into effect, which prevents your creditors from taking any actions against you.

This stay prevents your creditors from taking any collection action against you during your case.

Thanks to bankruptcy's automatic stay, creditors are prohibited from making any collection actions against you while your case is pending.

The case concerned a compromise under Part 14 of the Companies Act 1993 that was set aside by the High Court on the basis that the challenging creditors, who had voted against the compromise, had been unfairly prejudiced by the decision to call only one meeting of creditors.

Judgment creditor: A person who has won his case against a debtor but who has not yet collected his debt.

In 2008, another federal court harshly dismissed his claims for violations of the Fair Credit Reporting Act against two other creditors, noting that Flury had «filed eleven lawsuits against various defendants over the last four years, and with the exception of one case that ended in a default judgment, plaintiff has voluntarily dismissed every action once the defendant moved to dismiss the case or otherwise responded to the complaint.»

A judgment lien is a court ordered claim against real property, usually after a creditor has sued and obtained a judgment in the case.

Just before Christmas the Ontario Court of Appeal released a split, 3 - 2, decision in a case that pitted the privacy rights of judgment debtors against the execution rights of judgment creditors.

The automatic stay, which takes effect as soon as a bankruptcy case is filed, prevents creditors from taking any collection action against the filer.

Petitioning creditors in involuntary bankruptcy filings need to be aware that they can be subject to having to pay a debtor's attorney's fees for obtaining a dismissal of the case and also may have to pay bad faith damages (both compensatory and punitive) as well as debtor's fees for prosecuting the bad faith damages case against petitioning creditors.

«Timminco in this case you have competing creditors — the pension funds up against a secured lender but not a DIP lender — in Quebec under Quebec law and DIP lenders always have a «super priority.

This might be the best option in case you owe several creditors and so are unable to protect yourself against a plastic card company's lawsuit because of dire financial circumstances.

Just as if you bifurcated your bankruptcy case, you'd continue to have protection against collection efforts from your creditors.