Sentences with phrase «debts under the bankruptcy laws»

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And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no court process under which Puerto Rico can restructure its debts — unless Congress changes the law.

He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.

First, we are all bankruptcy lawyers and considered «debt relief agencies» under federal law.

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I have practiced exclusively bankruptcy law since 1991, helping many file bankruptcy under Chapter 7, Chapter 11, and Chapter 13 with clients that range from single moms with credit card debt, to people with huge tax debt, to businesses, including corporations and partnerships.

A: Bankruptcy is a protection under federal law that allows a person to reorganize outstanding debts.

Under bankruptcy law, debtors who owe more money than they can afford can either eliminate some (or all) of their debts or work out a payment plan to pay a portion (or all) of their debts over time.

However, under Canadian law, certain debts remain even in Bankruptcy: student loans less than seven years old, spousal or child support, alimony, debt arising from fraud, restitution orders and any court imposed fines.

... 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.

Under Bankruptcy Law, your non-exempt property may be sold to pay some of your debts, however, only a small percentage of cases have property sold.

Unfortunately, under current federal law, it is almost impossible for student - loan borrowers to discharge their debts by filing for bankruptcy.

Whether you file personal bankruptcy under Chapter 7 or Chapter 13 in the United States, or under the laws in the country where you live, personal bankruptcy is designed to discharge your debts.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

Under the new bankruptcy laws of 2005, credit counseling is required before the courts will discharge your debts.

The second solution, and the only one that gives power to the consumer and forces a creditor to accept the repayment plan or wipe away the debt entirely, under law, is bankruptcy.

Under current bankruptcy laws, a borrower can ask the court to work out a new payment schedule for all debts except a primary mortgage.

Due to exclusionary laws, no student debt can be discharged under ANY bankruptcy law.

These laws were designed make it more difficult for consumers and businesses to file under Chapter 7 bankruptcy, under which most debts are forgiven (discharged), and instead be forced to file under Chapter 13.

If, however, you do not satisfy certain waiting periods under federal law, then your student loan debt will survive your bankruptcy or your consumer proposal.

Under the heading of ironic debt relief outcomes, one of the major debt settlement players, World Law Debt and Orion Processing, recently filed a Chapter 11 bankruptcy proceeddebt relief outcomes, one of the major debt settlement players, World Law Debt and Orion Processing, recently filed a Chapter 11 bankruptcy proceeddebt settlement players, World Law Debt and Orion Processing, recently filed a Chapter 11 bankruptcy proceedDebt and Orion Processing, recently filed a Chapter 11 bankruptcy proceeding.

Under bankruptcy law, student debt can not be discharged (eliminated) in a bankruptcy or consumer proposal, unless the individual has been out of school for at least seven years.

In Canada, student loan debt can't be included for discharge under a bankruptcy during the ten years after graduation (it used to be two years, but they quietly changed the law back in the late»90s and the constitutional challenge to the legislation failed).

It's your right under the Constitution: Federal Bankruptcy Laws are designed to give debt relief to people who are overburdened by debt.

While the government is, for the most part, treated as another creditor in consumer debt solutions, such as a consumer proposal or personal bankruptcy, CRA does have additional collection powers, granted to it under our tax laws.

In particular, critics objected to the extension to eight years from six to the time before which debtors could liquidate their debts through bankruptcy, and requirements that those who file for multiple bankruptcies pay previous credit card debt that would have been forgiven under the old law.

Congress further articulated consumer bankruptcy law in 1978 when it distinguished between Chapter 7 filings, which completely erase a debtor's debts, and Chapter 13 filings, which require certain debtors to make partial repayments under a structured plan.

While, non-exempt assets are not protected assets under bankruptcy law and can be sold to pay down your debt, careful bankruptcy planning with an experienced Massachusetts bankruptcy lawyer can usually result in all of your assets being exempt.

Under bankruptcy law, the two main ways for an individual to eliminate debt are Chapter 7 and Chapter 13 bankruptcy.

If you're ready to explore your debt relief options under U.S. Bankruptcy Law, you connect speak with a local Sacramento bankruptcy lawyer and learn whether filing bankruptcy may be righBankruptcy Law, you connect speak with a local Sacramento bankruptcy lawyer and learn whether filing bankruptcy may be righbankruptcy lawyer and learn whether filing bankruptcy may be righbankruptcy may be right for you.

Nebraska bankruptcy lawyers can help you learn about Nebraska bankruptcy laws, which are designed to offer protection and help to people that are struggling under the weight of intense debt.

South Carolina's bankruptcy laws are designed to provide protection and relief to people struggling under the burden of debt.

The Pond Law Firm is a federally designated debt relief agency and our lawyers help people file for bankruptcy relief under the Bankrubankruptcy relief under the BankruptcyBankruptcy Code.

UpRight Law's Consumer Rights Litigation department handles claims in the bankruptcy courts for violation of the automatic stay and discharge injunction, as well as claims under the Fair Debt Collection Practices Act, Telephone Consumer Protection Act, Fair Credit Reporting Act, various state debt collection statutes and other related consumer protection lDebt Collection Practices Act, Telephone Consumer Protection Act, Fair Credit Reporting Act, various state debt collection statutes and other related consumer protection ldebt collection statutes and other related consumer protection laws.

Many other substantive law issues arising under federal law are also considered in state court (e.g. the effect of a bankruptcy discharge in a state law debt collection action).

He has spent an average of 20 hours per week for the last two and a half years in the bankruptcy courtrooms and the rest of his time has been spent assisting clients throughout California to obtain all the relief available to them under federal and state law, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and Debankruptcy courtrooms and the rest of his time has been spent assisting clients throughout California to obtain all the relief available to them under federal and state law, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and Debt Relilaw, and attending substantial amounts of seminars on cutting edge topics affecting Bankruptcy Law, Foreclosure, and DeBankruptcy Law, Foreclosure, and Debt ReliLaw, Foreclosure, and Debt Relief.

When you're approved for bankruptcy status by a federal bankruptcy court, some or all of your debts will be forgiven, and creditors and collections agencies are no longer permitted to pursue you for those debts under law.

I have practiced exclusively bankruptcy law since 1991, helping many file bankruptcy under Chapter 7, Chapter 11, and Chapter 13 with clients that range from single moms with credit card debt, to people with huge tax debt, to businesses, including corporations and partnerships.

If you do not pass the means test, then under bankruptcy law you are presumed able to pay back at least a minimum amount of your debt, and you will not be permitted to proceed with a Chapter 7 bankruptcy.

I have practiced exclusively bankruptcy law since 1991, helping many file bankruptcy under Chapter 7, Chapter 11, and Chapter 13 with clients that range from single moms with credit card debt, to people with huge tax debt, to businesses, including corporations and partnerships.