Your primary vehicle may be protected from seizure if it meets certain
criteria under the bankruptcy laws in your state.
Not exact matches
The CHOICE Act would also roll back SIFI
criteria for what are termed «living wills» — essentially these are liquidation resolution plans
under bankruptcy laws to be implemented if things go to heck in a hand basket.
New FHA guidelines announced August 15, 2013, in Mortgagee Letter 2013 - 26 say that borrowers who meet certain
criteria and qualify for a loan
under FHA requirements will be able to apply for an FHA loan without the usual mandatory waiting period after a foreclosure, short sale or
bankruptcy.
Failure of a private student loan to meet any of these
criteria means that the loan is fully dischargeable, because it would not qualify
under section 523 (a)(8) of the
bankruptcy law.»
You have to meet certain
criteria to be able to apply for your own
bankruptcy under the MAP rules.