Sentences with phrase «discharging certain debts»

Filing a bankruptcy case can help you get back on your feet financially by discharging certain debts so you no longer...

Bankruptcy has been created as a legal means to help some individuals discharge certain debts and allow them to get a fresh financial start, but whether or not this will work for you will depend on your debts.

Not exact matches

Though a program exists that will discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.

These borrowers will be notified by mail that they may be eligible for student loan forgiveness.Though a program exists that will discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.

Certain retirees may be able to have their student debt discharged if they're totally and permanently disabled, but that's not an option for everyone.

Section 523 tells us that certain debts are not subject to the discharge.

Though a program exists that will discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.

Certain kinds of debt will be discharged after a few years.

Certain debts, such as child support payments and court fines and certain student loans are not discharged in a personal bankruptcy in KitCertain debts, such as child support payments and court fines and certain student loans are not discharged in a personal bankruptcy in Kitcertain student loans are not discharged in a personal bankruptcy in Kitchener.

A: The chapter of the bankruptcy code that provides for what is known as «liquidation» or «clean slate», Chapter 7, lets you discharge (wipe - out) most unsecured debts, such as credit card balances, medical bills, and even certain taxes.

However, the bankruptcy law considers it abusive to discharge your debt if you make above a certain amount of money.

Discharge types of debts singled out by the federal bankruptcy statutes for special treatment, such as child support, alimony, student loans, certain court ordered payments, criminal fines, and some taxes.

In order for your debts to be discharged once you have filed for bankruptcy, you will be required to complete certain duties, which in some cases involves making surplus income payments.

Certain types of debts are not discharged by filing Chapter 7 or Chapter 13 Bankruptcy.

Both Chapter 11 and Chapter 13 bankruptcy may allow you to modify secured debt contracts, discharge certain unsecured debts that can not be repaid over the term of the bankruptcy repayment plan, and to keep certain property needed to operate your business.

There are certain debts you can fully discharge in Chapter 7 or partially discharge in Chapter 13.

Consumers who are unable to meet their debt obligations may explore debt settlement options, Credit Counseling, debt consolidation or bankruptcy which allows, in some cases, for the discharge of certain debts.

Certain debts, unless you can prove extreme hardship, can not be discharged.

Filing Chapter 7 bankruptcy may allow certain unsecured debts to be discharged, but secure debt, such as a car loan, will not be discharged.

Not everyone will qualify to file Chapter 7 under the Bankruptcy Code's «means test» and certain types of debt can not be discharged or wiped out (such as most federally guaranteed student loans, many taxes and any outstanding family support obligations).

These borrowers will be notified by mail that they may be eligible for student loan forgiveness.Though a program exists that will discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.

The Chapter 7 bankruptcy process allows debtors to discharge certain unsecured debts, including medical bills and credit card debt.

These are going to be discharged in a Chapter 7 and paid a certain percentage in Chapter 13, so there is often little point in paying down a debt you are going to discharge anyway.

What if they want to pay off certain debts and discharge other debts?

Chapter 7 bankruptcy allows qualifying debtors to discharge certain unsecured debts.

There are certain unsecured debts that can not be discharged.

If you go this route all of your debts are discharged, except for student loans and certain tax debts.

If you had a business and owe certain debts related to that, such as employee wages, they will have to be paid in full before the bankruptcy can be discharged.

Other secured debts, such as student loans, certain IRS tax debts, and spousal and child support debts are not discharged (exceptions exist for student loan debt).

Filing bankruptcy is not the right choice for everyone, but if you are receiving SSI benefits and you think it's best for you, it might allow you to discharge or repay certain debts.

Under Chapter 7 bankruptcy, certain debts are completely discharged, meaning that the filers do not have to pay them.

While facing student loans may be daunting, it is important to understand that these debts can, in fact, be discharged in a bankruptcy or proposal, in certain circumstances.

Certain types of debt are not subject to discharge at the end of a bankruptcy case.

Under a Chapter 7 you can reaffirm your debt before a bankruptcy discharge is entered, which means you will continue to repay a certain debt that would typically be discharged.

Once the bankruptcy procedure is completed (usually after nine months) the bankrupt will, in most cases, receive a Certificate of Discharge, which means all of the bankrupt's debts, with certain exceptions, are wiped out.

Other exceptions that let you avoid paying taxes include debt discharged in bankruptcy, debt given as a gift by a friend or family member, and certain business real estate and farm exclusions, he says.

Bankruptcy eliminates most unsecured debts however, there are certain debts that can not be included in, or discharged by, bankruptcy in Canada.

There are certain unsecured debts that either are very rarely or never discharged in bankruptcy.

While bankruptcy was created to manage debts there are certain obligations that can not be discharged.

After you have made all the payments under the plan, you receive a discharge of certain debts.

The discharge is the court order that legally wipes out certain debts which are described in the Bankruptcy Code.

Include a provision that a spouse who files for bankruptcy agrees to notify the other spouse of the bankruptcy filing within a certain period of time, such as 10 days, to give the nonfiling spouse the opportunity to contest the discharge of marital debts in bankruptcy.