Sentences with phrase «collect money from debtors»

This automatic stay prohibits all attempts to collect money from the debtor and the commencement of any legal action during the course of the bankruptcy.

Generally, the automatic stay in bankruptcy prohibits all attempts to collect money from the debtor as well as the commencement of any legal actions against the debtor during the course of the bankruptcy.

Not exact matches

Bill Collectors contact debtors, present repayment plans and try to collect money from overdue bills.

In response to this, explains Botha, the court was clear: «while a municpality has the constitutional obligation to collect revenue and pursue debtors, it can only claim the money from the actual debtor, rather than claim the historical debt from the new owners.»