The only tax debt typically in this category, called non-priority debt in Chapter 13, is
certain income tax debt.
Not exact matches
Lenders will allow a
certain percentage of your gross (before
tax)
income for recurring monthly
debts.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable
income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing
debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing
debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to
certain ships and
certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the
tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
A chapter 13 bankruptcy is normally for people who have too much
income to file a chapter 7 bankruptcy or have the kind of
debt that is non-dischargeable in a chapter 7 (e.g.
certain taxes).
A
debt collection tool that allows the government to seize
income tax refunds and
certain government benefits (for example, Social Security benefits) from individuals who owe
debts to the federal government.
Also on the list are speculative non-dividend paying stocks and people, those who use margin or
debt to leverage their positions, and those who advertise their willingness to purchase
certain securities: again, well outside the realm of the ordinary investor trying to create a little
tax - free dividend or interest
income.
If you have
certain debts you can't pay outside of bankruptcy and which can not be eliminated in Chapter 7 (for example,
income taxes), Chapter 13 provides a process for repaying those
debts
Exceptions may apply, however, for
certain debts, such as federal
income tax.
Please read the following information related to your
tax situation: Tax Topic 203, Refund Offsets for unpaid child support and certain federal, state, and unemployment compensation debts Please Note: Your refund may be reduced to pay a past due obligation such as child support, another federal agency debt, or state income t
tax situation:
Tax Topic 203, Refund Offsets for unpaid child support and certain federal, state, and unemployment compensation debts Please Note: Your refund may be reduced to pay a past due obligation such as child support, another federal agency debt, or state income t
Tax Topic 203, Refund Offsets for unpaid child support and
certain federal, state, and unemployment compensation
debts Please Note: Your refund may be reduced to pay a past due obligation such as child support, another federal agency
debt, or state
income taxtax.
It is important to note that
certain forms of
debt are considered non-dischargeable, including alimony and child support, recently incurred
income taxes, student loans, legal judgments from committing a crime or drunk driving, and purchases of what are considered luxury items shortly before the filing of bankruptcy.
«in addition to the clawback issue, there are other important one - time but substantial hits: (1) a partner would lose any capital account, (2) a partner may have to pay
income taxes on any partnership
debt that is forgiven as part of the reorganization (the cancellation of indebtedness
income flow through the partnership to the individual partners) and (3) the partner may lose entirely benefits under
certain types of retirement plans.