Sentences with phrase «considered under bankruptcy»

Not exact matches

She considered bankruptcy but ultimately worked her way out from under the pile of medical bills.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

Under Chapter 7, the wages you earn after you file for bankruptcy are generally not considered part of your bankruptcy estate.

First, we are all bankruptcy lawyers and considered «debt relief agencies» under federal law.

And before you consider bankruptcy, be forewarned - while certain private student loans may be discharged under the bankruptcy code, no federal student loan will be.

It has been general practice in a bankruptcy that, under the previous legislation, reasonable jewelry such as a wedding ring and small personal accessories would be included as ordinary apparel and as such most trustees considered these assets to be exempt from seizure.

Also consider that bankruptcies filed under Chapter 7 and Chapter 11 will remain on the credit report for 10 years.

But, if you do not have many assets, you do not have a mortgage, you just want to get out from under the burden of your debts, and you qualify, you may want to consider filing a chapter 7 bankruptcy.

There are many debts that come under the category considered to be debts not discharged in bankruptcy.

I recently was asked several questions by someone who contacted me after reading my blog articles about dealing with student loan debt and who is considering filing a personal bankruptcy followed by an Adversary Proceeding (or as we also call it, a complaint) to prove the legal standard of Undue Hardship under Bankruptcy Code 11 USC § 5bankruptcy followed by an Adversary Proceeding (or as we also call it, a complaint) to prove the legal standard of Undue Hardship under Bankruptcy Code 11 USC § 5Bankruptcy Code 11 USC § 523 (a)(8).

As a Colorado Springs Bankruptcy Attorney, my office is considered to be a «Debt Relief Agency» under the Bankruptcy Code.

This is generally considered an ongoing expense rather than a debt, but Chapter 7 bankruptcy trustees have the authority to avoid an unexpired lease agreement under certain circumstances.

I recently meet with an individual considering personal bankruptcy who was under the impression that as a bankruptcy trustee I would tell them how they could spend their money.

The Ninth Circuit considered a case that left a debtor with a $ 68 monthly payment on the undischarged portion, based on the bankruptcy court's finding that a monthly 401 (k) contribution of $ 68 was not «reasonably necessary» to the debtor's «minimal standard of living» under Brunner.

Under current regulations, a PLUS loan applicant is considered to have an adverse credit history if the credit report shows that the applicant is 90 days delinquent on any debt, or has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a title IV, HEA program debt in the five years preceding the date of the credit report.

We both know that his credit score is pretty weak (especially in this day and age, a 670 may have been considered good a year or so ago — but these days the chances of getting anything unsecured with a bankruptcy and a FICO under 700 is pretty slim).

For this reason, if you are considering filing for bankruptcy, you should do so only under extreme circumstances.

If that does not work, then you should consider bankruptcy under either Chapter 13 or Chapter 7.

This post will consider three possible actions and their effect on your credit score: filing bankruptcy under Chapter 7 or Chapter 13 of the Bankruptcy Code, debt consolidation, and debt sbankruptcy under Chapter 7 or Chapter 13 of the Bankruptcy Code, debt consolidation, and debt sBankruptcy Code, debt consolidation, and debt settlement.

Also consider a reorganization under Chapter 11, 12 or 13 of the Bankruptcy Code.

79 The French Republic considers that, contrary to the view put forward by the Commission, the inapplicability of insolvency and bankruptcy procedures under ordinary law -LSB-...] does not mean that La Poste can not go bankrupt or find itself in a situation of insolvency.

If you're suffering under the burden of debt, you may want to consider how filing for personal bankruptcy could help you achieve a fresh financial start.

If you are considering filing bankruptcy under Chapter 7 or Chapter 13 but you are afraid of the consequences, contact us for help.

Many other substantive law issues arising under federal law are also considered in state court (e.g. the effect of a bankruptcy discharge in a state law debt collection action).