Sentences with phrase «debtor then»

Most banks and credit card companies are not willing to wait two or three years while the consumer accumulates sufficient money for a settlement, and the debtor then discovers that they are facing legal actions and wage garnishments from their creditors.

The Chapter 13 debtor then comes up with a plan as to how all of the creditors will be treated.

The MacDonald debtors then amended their exemptions to add the life insurance and then moved to have the trustee return funds previously turned over.

One exception to this fact is that if the homeowner association goes bankrupt, the debtors then might have the debts discharged.

Not exact matches

Once you start growing your debt, in the case of the United States, when you consume more than you produce and you become a debtor nation and then all of a sudden you balance your trades out there is a lack of savings going on.

And then the debtor (the L.L.C.) seeks to enforce that debt, as it is the only asset in the debtor's bankruptcy estate.

The Apostle Paul echoed the same message to the brethren in Rome when warned them: «So then, BROTHERS, we are debtors, not to the flesh, to live according to the flesh.

This is to say, then, that the classical prophet, although highly creative and proclaiming a new word, was debtor, and certainly conscious debtor, to a core tradition already long established.1 This is also to say that one must of necessity define the essentially prophetic quality in pre-Amos Israel by the standards of classical prophetism, and further that no history, and perhaps least of all biblical history, may be appropriated in sterile chronological fashion.

And then the prayer would consist of three petitions: for the Kingdom, for daily bread, and for the forgiveness of sins past and for preservation from future ones («forgive us our debts as we forgive our debtors, and lead us not into temptation «-RRB-.

Then the rest, according to the American, had to be kept as part of the deal that the club has agreed with our debtors.

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.»

When this happens, debtors may then choose to pursue a Chapter 7 bankruptcy instead.

If debtor is allowed to pay less than the required 4 % per year, then he's effectively borrowing more money that will accrue more interest, so that's equivalently just adding to his principal.

Debt settlement is intended for consumers who are unable to pay their bills, and if a creditor does not agree to settle, then a debtor may be forced to file bankruptcy.

The debtor must then calculate monthly expenses, using standardized allowances in some categories (mainly relating to homes and cars) and using actual expenses in others (including medical expenses, taxes, insurance, and child care).

However, in some situations lenders may feel it is better to be primed then to risk a debtor being unable to repay the debt at all.

Thus, if a debtor's state prevents a debt from being legally enforceable after four years and the debtor makes a payment after three years, the creditor may have the right to sue the individual for seven years rather then merely four.

The debt collector then pursues the debtor for as much of the outstanding balance as possible.

If they are legally required to provide payments to a certain institution, then he or she becomes a debtor.

Under New York law, a judgment creditor may then garnish 10 % of gross wages, put a lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.

If the Debtor is not able to make a full mortgage payment and an additional payment, then a forbearance agreement will not be successful and probably will not get approved by the lender.

So, for an individual to get Canada Revenue back on board when they are the majority creditor has to have a plan to ensure that they're not going to be a tax debtor going forward, that they have a plan to deal with their tax debts going forward and then they can deal with the consumer proposal for the past debts.

Basically you make a list of all the debtors that you owe and then focus your attention on paying off the smallest debt in the list first.

Women debtors face a unique set of challenges that cause them to turn to debt to make ends meet and then prevent them from being able to keep up with their debt repayment.

Once filed, the property of the debtor is given to a Licensed Insolvency Trustee who then sells it and distributes the money among the debtor's creditors in settlement of the debt.

Once filed, the property of the debtor is given to a Licensed Insolvency Trustee who then sells it... Read more»

I did debt consolidation management where I pay them monthly, and then they pay my debtors.

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.

From a bank's perspective then, a debtor coming out of Chapter 7 is an easy target for new business, and credit card solicitations abound, post discharge.

However, some companies have switched their business model, selling consumer proposals (even if they don't call them that) and charging the debtor a fee for advice then sending them to a licensed insolvency trustee any.

Does that then make debtors reluctant to admit how much credit card debt they really have?

The debtor is required to disclose to the court all of his or her property and debts and turn over all nonexempt property to the bankruptcy trustee, who then converts it to cash for distribution to the creditors.

The Cheapass Blog, as it was then known, was born out of sheer frustration with the hope of paying down a $ 120,000 debt much faster than the average debtor wihtout filing for bankruptcy.

Bigalke v. Creditrust Corp., 165 F. Supp.2 d 996 (N.D. Ill. 2001)(business purchasing delinquent debts at a discount from various financial institutions and then collects from debtors subject to the CROA).

If you are one of those unfortunate debtors, saddled with outstanding debts then it's only advisable that you investigate the debt restructuring option thoroughly.

In regards to a consumer purchase, if a debtor is unable to provide the proper payments for their purchase, then the creditor can repossess collateral such homes and cars that are on loans.

The trustee then sells off all of the debtor's eligible property to pay back the listed creditors, at least in part.

The trustee will collect a monthly payment from the debtor and then pay the creditors directly.

If a debtor ignores a request to appear in court, then an arrest warrant can be issued for that borrower.

Specifically, if the debtor's current monthly income for the six - months prior to filing bankruptcy is more than the statutory minimum then it's assumed that the debtor has enough extra money to repay unsecured creditors, thus eliminating their right to file Chapter 7 bankruptcy.

A portion of the monthly chapter 13 payment the debtor makes will then be dedicated to catching up on the past - due amount that existed at the time of filing.

Debt consolidation loans allow the debtor to obtain a loan, pay off all credit accounts, and then make one monthly loan payment to pay off debt.

The total debt amount is then compared with the debtor's gross annual income.

NOTE: Payments made toward the obligation toll the statute and the time period will then run from the date of last payment or last charge by the debtor, whichever occurs later.

The U.S. Trustee's Office will then review the case and either (1) ask the Court to dismiss the case or require the debtor to convert the case to a Chapter 13 or (2) agree that the case is not abusive and should be allowed to proceed under Chapter 7.

Simply put, if the debtor's reasonable future financial resources will sufficiently cover payment of the student loan debt - while still allowing for a minimal standard of living - then the debt should not be discharged.

Unfortunately, if you owe over $ 20,000 in IRS back taxes, then you should consider yourself to be in the «big fish» category of IRS tax debtors, and you're going to need to act accordingly.

I've seen debtors make settlement payments to collectors only to have then say they never agreed to a settlement.

If you are a joint debtor or co-signer to the deceased then it becomes your responsibility to pay off that shared debt.

If the money gifted to the super-rich bankers had instead been distributed equally to all, then the debtors would have been able to keep up their mortgages and loan payments, and the toxic mortgage assets would have proven considerably less toxic.