Sentences with phrase «clears certain debt»

Bankruptcy is a legal proceeding that clears certain debt of a debtor who can no longer pay off their debts.

Not exact matches

The personal bankruptcy will clear their debts, but only after they complete certain duties or conditions, including two credit counselling sessions, which will assist with their situation today and in the future.
Each of these debts can be cleared once they've reached delinquency status, which occurs once a certain number of payments have been missed.
We want to make certain that your debts are valid, to clear any that arent and get you started on the road to credit recovery.
The trade - off for clearing such debt in only a few months is that creditors may make a claim on liquidation of certain types of property.
It's intended to expire after a certain time period, so if you can clear up any debts that may pass to loved ones by the time you're a senior it's the most affordable way to get the most life insurance coverage compared to other options.
«The 15 - year has become more popular for those folks whose goal is to own the home free and clear or have debt reduced by a certain time,» Miramontez says.
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