Sentences with phrase «days of debtor»

The days of debtor's prisons have been assigned to the scrapheap of history.

The creditor must file this lawsuit within 60 days of the debtor's first meeting with the trustee (or the creditor must file a motion asking the deadline to be extended.)

Not exact matches

The Treasury and Federal Reserve are only funding Wall Street, not the localities that are actually in need of revenue these days, and certainly not mortgage debtors.

The debtor's assets, valued at approximately $ 639 billion dollars, were sold to Barclays within five days of the bankruptcy filing.

The parables disclose with what pleasure and tolerance he surveyed the broad scene of human activity: the merchant seeking pearls; the farmer sowing his fields; the real - estate man trying to buy a piece of land in which he had secret reason to believe a treasure lay buried; the dishonest secretary, who had been given notice, making friends against the evil day among his employer's debtors by reducing their obligations; the five young women sleeping with lamps burning while the bridegroom tarried and unable to attend the marriage because their sisters who had had foresight enough to bring additional oil refused to lend them any; the rich man whose guests for dinner all made excuses; the man comfortably in bed with his children who gets up at midnight to help his importunate neighbor only because he despairs of getting rid of him otherwise; the king who is out to capture a city; the man who built his house upon the sand and lost it in the first storm of wind and rain; the queer employer who pays all of his men the same wage whether they have worked the whole day or a single hour; the great lord who going to a distant land entrusts his property to his three servants and judges them by the success of their investments when he returns; the shepherd whose sheep falls into a ditch; the woman with ten pieces of silver who, losing one, lights the candle and sweeps diligently till she finds it, and makes the finding of it the occasion of a celebration in which all of her neighbors are invited to share — and how long such a list might be!

day of October, 2016, discontinued the present application to orally examine the 3rd Defendant / Judgement / Debtor with liberty to reapply».

The then - AG had said in a notice thta: «Please take notice that the 1st Defendant Judgment Creditor [Attorney General] herein has this day [26th day of October 2016] discontinued the present application to orally examine the 3rd defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.»

The notice of discontinuance stated that «please take notice that the 1st Defendant Judgment Creditor (Attorney General) herein has this day (26th Day of October 2016) discontinued the present application to orally examine the 3rd Defendant Judgment Debtor (Woyome) with liberty to reapply.&raqday (26th Day of October 2016) discontinued the present application to orally examine the 3rd Defendant Judgment Debtor (Woyome) with liberty to reapply.&raqDay of October 2016) discontinued the present application to orally examine the 3rd Defendant Judgment Debtor (Woyome) with liberty to reapply.»

The notice of discontinuance stated that «please take notice that the 1st Defendant Judgment Creditor [Attorney General] herein has this day [26th Day of October 2016] discontinued the present application to orally examine the 3rd Defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.&raqday [26th Day of October 2016] discontinued the present application to orally examine the 3rd Defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.&raqDay of October 2016] discontinued the present application to orally examine the 3rd Defendant Judgment Debtor [Alfred Agesi Woyome] with liberty to reapply.»

If the DEBTOR fails to pay within 30 days of the date of judgment date (and files no appeal), the CREDITOR may request a SHERIFF»S EXECUTION from the COUNTY CLERK»S OFFICE giving the Sheriff's Department full authority to seize money or property as payment toward the Judgment.

Upon filing, once the bankruptcy court verifies and approves that the filer has a regular job with regular income; it will prompt the debtor to immediately start making payments within 30 - days of filing.

To file your bankruptcy petition in New Jersey, a debtor must have resided in the state or had your principle place of business in the state for the larger part of the past 180 days.

The exemption systems permit debtors to retain the means of day - to - day living, free from the claims of their creditors.

credit applications - credit provider, amount of credit and type of credit (for example interest free loan, home loan, credit card) credit defaults - overdue payments of 60 days or more when you have been sent a letter notifying you of the default credit defaults that have been paid serious credit infringements or «clearout» listings - this is when the credit provider has unsuccessfully tried to contact you in writing and has reported you as a missing debtor.

The Bankruptcy Code sweeps up all property of a debtor into a pot for creditors, even property received through inheritance at any time before and up to 180 days after a bankruptcy filing.

That the debt will be assumed valid if the debtor doesn't respond to the communication within 30 days of receiving it

In addition, no individual may be a debtor under chapter 12 or any chapter of the Bankruptcy Code unless he or she has, within 180 days before filing, received credit counseling from an approved credit counseling agency either in an individual or group briefing.

A debtor can not file under chapter 12 (or any other chapter) if during the preceding 180 days a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon which they hold liens.

(2) A licensee shall attempt to obtain consent to participate in a debt management plan from at least 51 %, in number or dollar amount, of the debtor's creditors within 90 days after establishing the debt management plan.

Debtors will, however, have to establish residency which may require them to live in the state where they are filing for the greater part of 180 days or three months.

The 90 day rule is specifically mentioned in USC 547 (b) and specifically gives the trustee the option to avoid any transfer of interest of the debtor in property.

As an example, a filing wannabe debtor asked these questions on a bankruptcy forum website today concerning the 90 day rule: «Does anyone know from their experience, if the 90 day rule applies to payment of monthly rent, car note, and utilities?

Under Chapter 11 bankruptcy the business is allowed to reorganize their business and create a repayment plan, although the business becomes what is termed a «debtor in possession» keeping ownership of the business and maintaining control of their day to day business operations.

However, unless 51 % or more in number or dollar amount of all the debtor's creditors consent to the debt management program within 90 days of establishing the debt management plan, the licensee shall provide notice to the debtor of the lack of required consent and the debtor may, at its option, close the account.

That specific 2015 guidance said student loan debtors who defaulted had up to 60 days after default to enter into a satisfactory repayment plan or rehabilitation to avoid up to 16 percent collection fees being added to their balance on day one of default.

I met with debtors every day that have paid a lot of money to debt settlement companies and have received no service, and by the time I meet with them it is often to late to negotiate a settlement.

1) The debt must be paid back in 10 yrs 2) The debt must bear an interest rate charge that is not less than the government's prescribed amount at the time it is taken out 3) Interest on the debt must be paid not longer than 60 days after the end of the each year 4) There can be no covenant, guarantee, or indeminity to forgive the debt (i.e. — the debtee must have the full legal right to come after the debtor if the debtor defaults)

If the debtor is entitled to a refund and the creditor refuses to refund within a reasonable time, not to exceed 60 days, after written demand, including the filing of a legal action, the debtor shall recover a penalty of five times the amount of the actual economic damages not to exceed the finance charge, but in any event not less than one hundred dollars ($ 100).

(p)(1) Except as provided in paragraph (2) of this subsection and sections 544 and 548, as a result of electing under subsection (b)(3)(A) to exempt property under State or local law, a debtor may not exempt any amount of interest that was acquired by the debtor during the 1215 - day period preceding the date of the filing of the petition that exceeds in the aggregate $ 146,450 [as adjusted 4-1-10, every 3 years by section 104.]

A debtor must file a certification that states the debtor completed consumer credit counseling within 180 days of the filing of the bankruptcy case unless the debtor is exempt from the requirement to take the course.

(1) Subject to paragraphs (2) and (3), and notwithstanding any other provision of this section, an individual may not be a debtor under this title unless such individual has, during the 180 - day period preceding the date of filing of the petition by such individual, received from an approved nonprofit budget and credit counseling agency described in section 111 (a) an individual or group briefing (including a briefing conducted by telephone or on the Internet) that outlined the opportunities for available credit counseling and assisted such individual in performing a related budget analysis.

If the debtor is entitled to a refund and the creditor refuses to refund within a reasonable time, not to exceed 60 days, after written demand, including the filing of a legal action, the debtor shall recover twice the actual economic damages not to exceed the finance charge, but in any event not less than one hundred dollars ($ 100).

(B) For purposes of paragraph (1), any amount of such interest does not include any interest transferred from a debtor's previous principal residence (which was acquired prior to the beginning of such 1215 - day period) into the debtor's current principal residence, if the debtor's previous and current residences are located in the same State.

(d) Except as otherwise provided by law, when any debt is renewed or refinanced by any creditor or creditor's affiliate within a period of 90 days from the date the debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit of any unearned portion of the original finance charge computed as of the date of such refinancing or renewal.

On and after January 1, 1997, except as otherwise provided by law, when any debt is renewed or refinanced by any creditor or creditor's affiliate within a period of 120 days from the date the debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit of any unearned portion of the original finance charge computed as of the date of such refinancing or renewal.

On request of a creditor with a claim secured by the single asset real estate and after notice and a hearing, the court will grant relief from the automatic stay to the creditor unless the debtor files a feasible plan of reorganization or begins making interest payments to the creditor within 90 days from the date of the filing of the case, or within 30 days of the court's determination that the case is a single asset real estate case.

It is common for some debt collectors to initiate a barrage of phone calls to the debtors, calling back to back for days at a time for months or years.

And in cases where the car loan was taken out more than 910 days (2.5 years) prior to filing the chapter 13 case, the debtor has the ability to lower the loan balance to the value of the vehicle.

Within thirty days of filing the plan, the debtor must start making payments to the trustee, even if the plan has not yet been approved by the court.

Within 180 days of filing debtors are required to receive credit counseling from an approved nonprofit budget and credit counseling agency.

About 9 % of college - educated student debtors were 60 or more days late with their payments on any of their loans.

Under Chapter 11 Bankruptcy, the debtor has the right to file a plan of reorganization within 120 days after the order for relief.

Copies of all payment advances or other evidence of payment, if any, received by the debtor from an employer within 60 days before the filing of the petition

If the debtor does not pay the amount of a Small Claims Court judgment and does not work out a payment plan, a creditor must wait 30 days from the date of the judgment before using other legal means to collect.

The Debtor must apply to set aside the demand within 18 days of service of the statutory demand; after 21 days of service the Creditor can issue a bankruptcy petition.

This can be done by requesting copy documents, stopping the creditor starting court proceedings for at least 30 days from receipt of the completed Reply form or 30 days from the creditor providing documents requested by the debtor, whichever is later.

Such is the pressure of work on the Insolvency Service these days that some debtors made bankrupt on their own petitions are not even being troubled to speak to an examiner by telephone, let alone take a bus journey to the examiner's office.

If the debtor does not reply to the letter of claim within 30 days of the date on the top of it then court proceedings can begin provided that the debtor has been given 14 days» notice of the intention to commence proceedings.

On that same day, certain of Nortel's U.S. subsidiaries (the «US Debtors») commenced proceedings pursuant to Chapter 11 of the U.S. Bankruptcy Code, and 19 of Nortel's subsidiaries incorporated in Europe, the Middle East, and Africa («EMEA») commenced insolvency proceedings in the U.K. pursuant to the Insolvency Act 1986.

Corporate rescue teams understand the economic causes behind the potential business failures and are ideally positioned to advise on the appropriate number of debtor days, the levels of WIP, the structure of teams, the necessary redundancies and the reduction of partner drawings.