Sentences with phrase «depends of the debtor»

The amount being paid back depends of the debtor's income and other factors.

Not exact matches

All of this depends on your credit history and financial standing, so only student debtors who are in good standing with their loans are typically in a position to refinance effectively.

With debt settlement, depending on the age of the credit account and the debtor's financial ability, past - due and delinquent debt can be reduced by more than half.

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

It depends on the status of the debtor's credit before the debt workout.

A line of credit has monthly payments and interest rates that depend on how much the debtor has borrowed as well as on market conditions.

One thing a debtor or creditor should remember if they are going to reopen a bankruptcy is that there is a filing fee associated with such that could range anywhere from $ 200 to $ 1000, depending on the type of bankruptcy that was filed.

All of this depends on your credit history and financial standing, so only student debtors who are in good standing with their loans are typically in a position to refinance effectively.

The law typically restricts garnishing orders to a maximum of 30 % of wages (though child or spousal support claims can attach up to 50 % depending on the debtor's income and the number of dependents).

The minimum amount of payment required depends on the debtor's income, balance, and the amount that unsecured lenders would have been paid if the former had filed for Chapter 7 bankruptcy.

In a Chapter 13, the debtor will not receive a discharge until all payments have been paid pursuant to the debtor's plan of repayment (between three and five years depending on the length of the bankruptcy plan).

If you choose not to follow the Protocol, you issue proceedings and either your debtor is familiar with the Protocol or instructs solicitors who are, then the following sanctions can be imposed by the court: - • An order staying the proceedings which also requires compliance with the Protocol; • An order that if you have not complied you pay the costs of the proceedings or part of the costs of the other side even if you obtain judgment in your favour; • An order that those costs are paid on a more stringent basis known as an indemnity basis; • An order depriving the party who is at fault of any entitlement to interest or alternatively awarding interest at a reduced rate; • Depending on who is at fault the court can also order payment of a higher interest rate of up to 10 % above base rate.

A Chapter 13 case typically lasts between 3 and 5 years depending on the debtor's income and types of debt.

The value of the debt to the agency depends on the status of the debt and the credit worthiness of the debtor.

Whether filing bankruptcy under Chapter 7 or Chapter 13 or going with another alternative outside the bankruptcy process is the best fit depends upon the debtor, the circumstances, the amount and nature of the debt, current income and a variety of other factors.

The amount awarded varies depending on the circumstances, including the seriousness of the default and the financial situation of the debtor, and it may not exceed what is sufficient to fulfil its preventive purpose.