Sentences with phrase «considered property of the debtor»
It's true your miles may be protected as exempt property and not considered property of the debtor, he says, based on how the certificate reads.
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When debtors begins to consider bankruptcy, it usually doesn't take too long for them to discover that Chapter 13 offers many of the same protections and debt relief of other bankruptcies, without requiring those who owe to get rid of all their property.
Inheritances, life insurance benefits, even lottery winnings, are considered property of the bankruptcy estate if the debtor becomes entitled within 6 months of the date of filing.
«Even though the airline may not consider the airline miles as property of the holder, bankruptcy law requires that a debtor include all «legal and equitable interests» on his or her schedules when filing for bankruptcy,» Connolly says.
Debtors who are considering filing Chapter 7 bankruptcy should discuss which and how much of their property may be exempt from liquidation with an Arizona bankruptcy lawyer.
A Pennsylvania federal bankruptcy court has considered whether it could release from escrow commissions resulting from the sale of the debtor's property.