Sentences with phrase «debtor households»

The typical household income of student debtor households within these broad educational categories is virtually identical to households without student debt.

Younger households tend to be more highly leveraged than older households, and student debtor households tend to be more leveraged than households that do not owe student debt.5 Among the young and college - educated, student debtor households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.

And the wealth gap is also large for households headed by young adults without a bachelor's degree: Those with no student debt have accumulated roughly nine times as much wealth as debtor households ($ 10,900 vs. $ 1,200).

Section 1 presents the basic economic outcomes of student debtor households and looks at total indebtedness in the context of household income and assets.

But young student debtor households have much less wealth than their peers not owing such debt.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

Though student debtor households tend to have larger total debt loads, indebtedness needs to be assessed in the context of the household's economic resources.

Not exact matches

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

This is true despite the fact that debtors and non-debtors have nearly identical household incomes in each group.

(Slave girls that had been pledged for debt also were returned to the debtors» households.)

With a household income below that of the average debtor, the single parent is trying to support two dependents plus herself.

Although women spend 6 % less on housing than men, female debtors are spending 42.2 % of their household income on housing costs.

In terms of women filing insolvency, 2017 data shows that 48 % live in a single household and are struggling to get buy on an income significantly below the Canadian average and below that of single household male debtors.

Debtors can exempt $ 6,000 of value in household furnishings and goods or $ 12,000 if a married couple filed a joint case.

Generally speaking, a larger household size will help a debtor pass the means test in both Chapter 7 and Chapter 13 cases.

Post Bankruptcy Debtor Education is $ 39 per household.

At the time Debtors commenced this case, their annualized monthly income was less than the applicable median family income for their household size.

Chapter 13 and high income: Some debtors have too high an income, compared to their necessary household expenses, to qualify for a chapter 7.

MEANS TEST EXPENSES: If a debtor's household income is above the New York State median, the Means Test then requires completion of a complicated expense calculation.

If a debtor has sufficient income to pay necessary household expenses, and still have money left over, Section 707 (b) of the Bankruptcy Code could be used to have the case dismissed as «abusive.»

A filing debtor recently blogging on a bankruptcy forum website asked the following question: «Form 22A Part II line 8 asks for «Any amounts paid by another person or entity, on a regular basis, for the household expenses of the debtor or the debtor's dependents.»

For purposes of the means test, the U.S. Bankruptcy Code defines current monthly income as including: «any amount paid by any entity other than the debtor (or in a joint case the debtor and the debtor's spouse), on a regular basis for the household expenses of the debtor or the debtor's dependents (and in a joint case the debtor's spouse if not otherwise a dependent)...» Benefits received under the Social Security Act, payments to victims of war crimes or crimes against humanity on account of their status as victims of such crimes, and payments to victims of international terrorism or domestic terrorism on account of their status as victims of such terrorism are excluded from the means test.

Single parents have household income below that of the average debtor, and that makes it more difficult for the single parent to support two dependents plus herself.

Joe Debtor has just $ 302 in monthly household income to repay debts that cost $ 960 in interest #JoeDebtor pic.twitter.com/7p7NbTuK 4t

Insolvent debtors with a household income above the government mandated thresholds limits are more likely to choose a consumer proposal as an alternative to bankruptcy in order to spread potential surplus income payments over a period of up to five years.

The difference between Chapter 7 and Chapter 13 bankruptcy relief is significant if you are a debtor desperately trying to start over and obtain the «fresh start» that bankruptcy relief was intended to provide to those struggling to pay their household expenses.

Among young households headed by a college graduate, those with student debt are more likely than non-student debtors to have outstanding vehicle debt (43 % vs. 27 %), significantly more likely to have credit card debt (60 % vs. 39 %), and just as likely to have housing - related debt (56 %).

Among households without at least a bachelor's degree, student debtors are about 1.5 years younger on average (29.0 vs. 30.7).

Among the college educated, the mean age of the student debtors is about a year younger than households not owing student debt (30.8 vs. 31.9).

Among young and less - educated households, those lacking student debt are more likely to be devoting large amounts of their monthly income to debt service (14 %) than student debtors (9 %).

Using the conventional total debt - to - income ratio, where debt is measured as a share of income, college - educated student debtors are by far the most indebted.2 The median college - educated student debtor has total debt equal to about two years» worth of household income (205 %).

Student debtors include households whose student loans are currently deferred, however.

Among young households whose heads lack at least a bachelor's degree, student debtors are more likely than those without student debt to owe on vehicle loans, credit card debt and other types of debt and are just as likely to have a mortgage and other installment debt.

A «student debtor» refers to a household owing outstanding education - related installment debt and includes loans that are currently in deferment as well as loans in their scheduled repayment period.

This is true despite the fact that debtors and non-debtors have nearly identical household incomes in each group.

In sum, student debtors have very similar incomes but much lower net worth than households not owing student debt.

But among households headed by a young adult without a bachelor's degree, student debtors tend to have more total assets ($ 27,500) than those without student debt ($ 18,600).

Among young, college - educated households, about 15 % of student debtors exceed the 40 % threshold.