Sentences with phrase «debtor on a bankruptcy»

Austin uses two important data sources for his research: debt and income amounts reported by debtors on bankruptcy schedules and debtor responses to a survey that asked a simple question — «What caused you to file bankruptcy?»

One recent question about increasing your income came from a debtor on a bankruptcy forum website who got a small raise, less than 3 %, and an increase in tips.

Not exact matches

This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.

He was also a restructuring advisor for Crossroads LLC, where he advised debtors and creditors on restructurings both in an out of bankruptcy.

This is the third time in the past four years that the government has had to write off outstanding loans for reasons that include bankruptcy, the six - year legal limit on collection and debtors who can no longer be found.

On Friday a bankruptcy court approved an additional $ 3 million boost to Suniva's financing, as an amendment to SQN Capital's debtor - in - possession agreement.

America's massive «military» budgets, still on the rise, are beginning to threaten the U.S. with bankruptcy, given that its trade and fiscal deficits already easily make it the world's largest net debtor nation.

The purpose of such exemptions is to permit debtors in bankruptcy to retain a modest amount of personal property and equity in their homes so that they can continue to maintain their lives, and to protect them from becoming homeless, unemployed, or otherwise dependent on the State.

deCODE's actual results could differ materially from those anticipated in the forward - looking statements as a result of risks and uncertainties, including, without limitation, (1) the impact of the announcement of its bankruptcy filing on deCODE's operations; (2) the ability of deCODE to maintain sufficient debtor - in - possession financing to fund its operations and the expenses of the Chapter 11 proceeding; (3) the ability of deCODE to obtain court approval of its motions in the Chapter 11 proceeding; (4) the outcome and timing of the proposed sale of deCODE's assets, including deCODE's ability to close a transaction with SagaInvestments, LLC or any other purchaser; (5) the uncertainty associated with motions by third parties in the bankruptcy proceeding; (6) deCODE's ability to obtain and maintain normal terms with vendors and service providers and contracts that are critical to its operation; and (7) other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.

For most debtors bankruptcy filing is a complex process that need them stay up - to - date on the bankruptcy laws.

Finally, you can't be a debtor in a Chapter 11 bankruptcy, and you can't have received advance payments of the premium tax credit for yourself, your spouse, or anyone you signed up for health insurance coverage who isn't being claimed as a personal exemption on someone else's tax return.

A Chapter 13 bankruptcy means a debtor is put on a three - to - five - year plan to pay back their debts.

The debtor argued that he relied on his tax refund for living expenses for the upcoming year and that his refund should be excluded from the bankruptcy estate as future wages.

Judge Pappas noted that Brunner was decided in 1987, at a time when the bankruptcy code allowed discharge of student loan debts on either of two grounds: first, if the student loans had been in repayment status for five years or more on the date the bankruptcy was filed, or second, if repayment of the student loans would constitute an undue hardship on the debtor.

Owing money on credit cards and other debts leads «Joe Debtor» to the financial abyss, because he's paying more than he earns each month to service his debt,» concludes Douglas Hoyes, trustee in bankruptcy and co-founder of Hoyes, Michalos & Associates Inc..

The subsequent chapter 13 bankruptcy eliminated the second mortgage lien, effectively wiping out any liability the debtor may have had on the second mortgage outside of his chapter 13 plan payments.

A little background: Many debtors enter Chapter 13 bankruptcy because they are hopelessly behind on their mortgage.

We also provide bankruptcy counseling and bankruptcy debtor education services, including pre bankruptcy credit counseling for a bankruptcy certificate, in addition to advice on how to consolidate debt.

On the other hand, if there is a reaffirmation agreement signed by the debtors and approved by the Bankruptcy Court, and the borrower / debtor makes timely payment, the loan will be reported to be in good standing.

a) Where the debtor has carried on business during the year immediately preceding the date of the initial bankruptcy event [filing the consumer proposal];

Clients should understand that second mortgage companies can not foreclose on its mortgage simply because a bankruptcy debtor chooses not to sign a reaffirmation agreement.

That does not mean a creditor who is owed money on a particular bill will not show up to a 341 hearing, a court - order meeting of the debtor with a bankruptcy trustee and any creditors who choose to attend.

So there's no good reason to sign a reaffirmation agreement on a first mortgage, and as a practical matter a bankruptcy debtor with a first mortgage will usually not see a reaffirmation agreement proposed.

Bankruptcy debtors should not sign reaffirmation agreements on second mortgage loans.

The bottom line is that while it is understandable that people want to retain their homes and cars, bankruptcy debtors need to be smart about making the choice whether to reaffirm their liability on a loan and shouldn't forget about the chapter 13 option if they want to retain collateral.

... all payments made or property transferred by or on behalf of the debtor to any persons, including attorneys, for consultation concerning debt consolidation, relief under the bankruptcy law, or preparation of a petition in bankruptcy within one year immediately preceding the commencement of this case.

Paragraph (8)[enacted as (9)-RSB- excepts from discharge debts that the debtor owed before a previous bankruptcy case concerning the debtor in which the debtor was denied a discharge other than on the basis of the six - year bar.

Chapter 7 Bankruptcy will discharge personal, unsecured loans if they are for credit extensions which were based on the creditor's evaluation of the debtor's ability to pay and there is no collateral which can be seized by the creditor if the debtor defaults on the loan due to their inability to pay.

So the bankruptcy discharge that would otherwise eliminate the debtor's personal liability on a mortgage loan or car loan does not apply to the secured debt that is the subject of the reaffirmation agreement.

Under Chapter 13 Bankruptcy the debtor creates a 3 to 5 year debt bankruptcy repayment plan to repay creditors; payment amounts are based on a strict expense - to - incomBankruptcy the debtor creates a 3 to 5 year debt bankruptcy repayment plan to repay creditors; payment amounts are based on a strict expense - to - incombankruptcy repayment plan to repay creditors; payment amounts are based on a strict expense - to - income formula.

So if a bankruptcy debtor does not make the scheduled payments on a mortgage or a car loan, even if that debtor has received a discharge, the mortgage company can foreclose on the mortgage or the car lender can have the car repossessed.

Court Converts Bankruptcy Case from Chapter 13 to Chapter 7 Based on Finding that Debtor Withheld Information

Although this sounds somewhat complicated, it is basically a rule that prohibits a debtor from giving away assets on the eve of bankruptcy.

The purpose of filing a bankruptcy, either Chapter 7 or Chapter 13, is to obtain a bankruptcy court order discharging the debtor of liability on debts.

Posted on the internet in August of 2008 as a comment in a discussion on bankruptcy, the debtor in this personal bankruptcy story shared how his small business failed because of his failing to develop a business plan: «I took a business risk 3 years ago and didn't have a plan B.

A debtor recently blogged on a bankruptcy forum website his trustee and bankruptcy judge wanted him to take money out of his 401 (k) plan to make a balloon payment on one of his creditor's notes.

When you complete a debtor education course varies based on whether you filed for Chapter 7 or Chapter 13 bankruptcy.

While the automatic stay is in place, most litigation against the debtor is stayed, or put on hold, until it can be resolved in bankruptcy court, or resumed in its original venue.

If the debtor has made recent purchases of non-essential items or acquired cash advances on a credit card, they shouldn't expect to see those charges included under the bankruptcy.

In either bankruptcy filed, the debtor is required to fill out personal asset schedules on the property they own.

When you complete the debtor education course depends on the type of bankruptcy you qualify for: Chapter 7 or Chapter 13.

The debtor in this personal bankruptcy illustration wants to know what happens to a judgment where the creditor has attached the judgment as a lien on a homestead.

The debtor's good son in this personal bankruptcy illustration has previously asked for advice on whether his father should file bankruptcy or not.

Under the Bankruptcy Code, 11 U.S.C. § 523 (a)(8), a court can not discharge student loan debt unless a debtor can prove «undue hardship» on themselves and their dependents.

While a debtor may be concerned that bankruptcy will wreak havoc on their credit score, albeit temporarily, the paths the debtor took up until bankruptcy may have already done enough damage.

Our 2017 Joe Debtor study on personal insolvency clearly reveals that the average person filing bankruptcy in Ontario (or making a proposal) is not using credit to pay for luxuries, but is using credit to make ends meet.

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.»

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?

A Chapter 13 Bankruptcy begins with the debtor's attorney filing a voluntary petition, schedule of assets, schedule of liabilities, schedule of income, schedule of expenditures, and other related documents on behalf of the debtor.

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.