Sentences with phrase «date of one's bankruptcy»

The bankruptcy will be deleted from the public records section 7 years from the filing date of the bankruptcy case

Most Chapter 7 debtors receive their discharge about four months after the filing date of the bankruptcy petition.

With certain exceptions, known as bankruptcy exemptions, all of the property and rights to property owned by the insolvent on the effective date of the bankruptcy vests in the trustee for the creditors.

At the date of the bankruptcy filing, Apollo owned 98 % of the shares and about 28 % of three types of the company's debt.

(CMHC, the federal mortgage insurer, can only pursue you for the difference between the sale price and the insured price if the mortgage default occurred after the date of bankruptcy — but nobody in such a situation defaults after they file, so this never really happens.

When you file bankruptcy the trustee is going to do any income tax returns [that are standing] at the date of bankruptcy.

The only exceptions are the contributions you made one year prior to your date of bankruptcy.

The first session has to be held between 10 and 60 days following the date of bankruptcy, while the second one has to be held no later than 210 days following the date.

This means at the latest, your final IPA payment will be just under four years after the date of your bankruptcy order.

Some financial institutions will consider any attempts to take funds from the old account after the date of your bankruptcy or proposal to be a debt they can collect from you because it happened after you filed bankruptcy.

You must give the trustee your T - 4 slips and any other information necessary to complete any outstanding tax returns to the date of bankruptcy.

The first counselling session must be held between 10 and 60 days following the start of bankruptcy; the second counselling session must be held no later than 210 days following the date of bankruptcy.

While Frank was confident that he left school more than seven years ago from the date of his bankruptcy filing, the government was saying that while he may have left Humber more than seven years ago, they were relying upon the completion date of the courses that he was enrolled in rather than when he left Humber.

The default date on all accounts must be set no later than the date of your bankruptcy.

These documents will be filed electronically by the Licensed Insolvency Trustee with the Official Receiver after which they will receive a Certificate of Appointment which will contain your Estate Number and Date of Bankruptcy or Proposal.

Tax assessments after the date of bankruptcy filing can not be discharged as they are post-filing debts.

Bankruptcy orders are normally deleted six years from the date of the bankruptcy order, unless you are subject to a bankruptcy restriction order (BRO) or undertaking (BRU) which lasts longer than six years.

If you build up any rent arrears after the date of your bankruptcy order, your landlord can take action to evict you and get the arrears back.

If you have rent arrears from before the date of your bankruptcy order, your landlord can still take court action to evict you from your home.

Any alimony or support arrears for the 12 months prior to the date of bankruptcy are considered a preferred claim and are paid out of the proceeds of the bankrupt estate before any other unsecured claims.

In some cases, if you have unpaid income taxes three or more years prior to the date of your bankruptcy filing, among other factors, you may be able to have the debts discharged.

The dividend, if there are sufficient funds, will include interest accrued from the date of bankruptcy at 5 % per year.

The second counselling session has to be completed not before the end of a 30 - day period after the first counselling session and no later than 210 days following the date of the bankruptcy.

In simple English: a student loan is automatically discharged in a bankruptcy if, at the date of bankruptcy, more than seven years has elapsed since the bankruptcy ceased to be a student.

Section Section 178 (1)(g) of the Bankruptcy & Insolvency Act states that an order of discharge does not release a bankrupt from: Any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankrupt occurred:

-- A minimum of 12 months must pass from the date of bankruptcy initiation.

(g) any debt or obligation in respect of a loan made under the Canada Student Loans Act, the Canada Student Financial Assistance Act or any enactment of a province that provides for loans or guarantees of loans to students where the date of bankruptcy of the bankrupt occurred

They must however have taken appropriate steps to attempt to collect on your tax debts prior to the date of your bankruptcy for these special privileges to apply.

Any tax refunds applicable to the date of bankruptcy and on your post-bankruptcy return will be sent to the trustee.

However, he held that the wife had failed to establish that on the date of the bankruptcy order, the husband could pay his debts at the time they had been due.

Unfortunately, there are times when a business simply does not have sufficient income to reorganize its debt obligations, and a Chapter 7 liquidation is appropriate; the business closes its doors on the date of the bankruptcy filing, and the Chapter 7 that is appointed to the case liquidates the remaining assets to pay creditors on a pro-rata basis.