Sentences with phrase «do during the bankruptcy»

It is important to understand your rights and what you can or can not do during the bankruptcy.

Not exact matches

During that time, however, the death, withdrawal, expulsion, or bankruptcy of one member does not necessarily represent the end of the LLC.

We aren't seeing big banks or other financial institutions teetering on the edge of bankruptcy like we did during the financial crisis of 2007 - 2009.

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Budgetary shortfalls, school district bankruptcies, teacher and administrator layoffs, hiring and salary freezes, pension system defaults, shorter school years, ever - larger classes, faculty furloughs, fewer course electives, reduced field trips, foregone or curtailed athletics, outdated textbooks, teachers having to make do with fewer supplies, cuts in school maintenance, and other tales of fiscal woe inevitably captivate the news media, particularly during the late - spring and summer budget and appropriations seasons.

If you don't make your payments on that debt, the creditor may be able to take and sell the home or the property during or after the bankruptcy case.

We cited a report from the 1970's in our testimony because 1) This is the report Congress commissioned during the initial debate on this issue, 2) This report did not support the conclusion that students were more likely to discharge debts in bankruptcy, and 3) It is the only comprehensive report on this issue that we know of.

It allows a bankruptcy court trustee to recover preferential payments made during this 90 day time frame to bring the payment back to the bankruptcy estate, but it does so at the discretion of the case trustee.

If you did not reaffirm your mortgage during your bankruptcy, the mortgage did not disappear.

Now, Lehman's bankruptcy did involve billions and billions of dollars, and, the 1.6 billion figure includes management fees for running the company during the years it has been in Chapter 11.

That's something that you can begin once you've been discharged from bankruptcy, even potentially during a consumer proposal if it's really necessary for you to do so.

The bankruptcy or foreclosure will remain on your credit report for 7 - 10 years after the event, but that doesn't mean you can't obtain a VA mortgage during that time.

Sometime during the bankruptcy case, the lender (Best Buy, HSBC, Wells Fargo, etc.) has a law office send a very official looking letter asking the debtor what they would like to do with that property.

Even if you intend to keep your property and it is exempt from being sold during the bankruptcy proceedings (if it is your primary residence, for example) the lender can take the property and sell it to recoup some of the money you owe if you don't keep up with your payments.

How can I fix a charged off student loan during a Chapter 13 bankruptcy that I did not file as part of the bankruptcy?

Life during your bankruptcy is largely unaffected except that you do not have to deal with creditors or continue to make payments towards your debt as one of the benefits of filing bankruptcy is a stay of proceeding.

If your disposable income during this period does not exceed your unsecured non-priority debts by 25 percent, you will «pass» the means test and generally be permitted to file for a Chapter 7 bankruptcy discharge.

Also, among credit counseling customers who signed up for a Debt Management Plan, 15.9 % declared bankruptcy during the next three years (compared with 28.4 % of people who did not commit to a DMP).

The creditor argued that the order discharging the debt was void because the debtor did not serve the creditor with a summons during the original case, and also because the bankruptcy court did not make a finding of undue hardship.

According to FICO, if the bankruptcy is the only bad mark you have, you can still get back to a good credit score after about 5 years, assuming you stay on track during that time and don't have any additional late payments.

They had a DOE loan, which was paid back (mostly) during the bankruptcy process, so though investors presumably lost, the public didn't, or rather lost very little.

When we see messages posted on this blog to the effect that prosperity will flow during the process of recovering from carbon bankruptcy, with no analytical backup to support such nonsense, all they do is demolish our credibility with the general public readership.

Assuming you did NOT reaffirm the first mortgage during your bankruptcy, accepting the loan mod doesn't reaffirm it now.

Debtors don't want to deal with the stress of filing bankruptcy during what's supposed to be a cheerful holiday season, unless they have to file for bankruptcy right away out of necessity.

During ancillary relief proceedings, the respondent procures a bankruptcy order on his own petition as a ruse, does the applicant have the ability to apply for an annulment?

Also, we lost over 250k in cash during the perfect storm of the depression (I don't care what economists say, we are in depression that is currently experiencing an artificial bubble), my illness and hospitalizations and expensive treatments, combined with devaluation of real estate we had 50 % equity in, and a partner would had no interest in the financial operations of the business had us right on the edge of bankruptcy.