This type of financial product is exempt from assets
during bankruptcy proceedings.
AMR has turned to four law firms — Weil, Gotshal & Manges, Debevoise & Plimpton, Paul Hastings, and the Groom Law Group — to advise
it during bankruptcy proceedings.
Wait for bankruptcy discharge before applying for credit — Only in a few circumstances will new credit be allowed
during bankruptcy proceedings... (See Discharge)
In addition, Congress added another exception to the automatic stay provisions in 1994, requiring debtors with a secured loan on a single real estate asset to file a reasonable payment plan or make reasonable interest payments based on the fair market rate on the value of the creditor's real estate
during the bankruptcy proceedings.
Remember that student loans are typically not eligible for discharge
during bankruptcy proceedings.
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.
Technically, when you reaffirm an asset
during bankruptcy proceedings, you are giving the creditor a waiver on bankruptcy discharge.
In general, the same holds true for other assets that you still owe money on
during bankruptcy proceedings, such as your car.
For example, if you owe $ 12,000 on your car, but it's only worth $ 9,000, you can opt to surrender the vehicle
during the bankruptcy proceedings, as approved by the court.
Have you ever wondered how courts find out about your expenses and income
during bankruptcy proceedings?
Church of Scientology attorney Steven Hayes bought rights to the Cult Awareness Network assets
during its bankruptcy proceedings.
A judge grants a discharge
during bankruptcy proceedings and rids the consumer of debt.
During bankruptcy proceedings, a judge may issue a «cramdown» which lowers the amount of the debt that you owe to a creditor.
The decision follows weeks of uncertainty about the future of the plantafter General Motors's withdrawal from the joint venture
during its bankruptcy proceedings earlier this year.
At that time, Howard Hughes had spun off from Chicago - based General Growth Properties
during its bankruptcy proceedings and inherited some of the company's real estate, including the Seaport.
A group of lenders led by J.P. Morgan Chase had extended the DIP loan to fund its operations
during the bankruptcy proceedings.
During bankruptcy proceedings in 2014, college prep company ConnectEDU considered selling personal information of millions of students and parents.
During the bankruptcy proceedings, iHeartMedia will continue operating normally, the company said.
Not exact matches
The main «drama»
during the year came from the Detroit
bankruptcy proceedings and wild swings of prices of bonds issued by Puerto Rico.
Outside of the impact of
bankruptcy felt
during proceedings,
bankruptcy and debt solutions can impact your credit score, but not as largely as you might think.
If a homeowner can sell the property
during this time, he or she may be able to avoid foreclosure
proceedings, and its negative effect on their credit history and future prospects (see Getting a Mortgage After
Bankruptcy and Foreclosure).
Applying the common - law «interest stops rule» normally applied in
Bankruptcy and Insolvency Act
proceedings, Justice Newbould ruled that post-filing interest was not payable on the Crossover Bonds.5 Justice Newbould began his reasons with reference to the «fundamental tenet of insolvency law that all debts shall be pari passu and all unsecured creditors [shall] receive equal treatment».6 Justice Newbould found that the status quo with respect to unsecured creditors should be maintained as at the date of Nortel's filing and that to permit certain claims to grow disproportionately to others
during the CCAA stay period would violate the status quo.
What ticked the judge off was Flury's claim that a competitor had sued him
during a
bankruptcy court's stay of all
proceedings, when in fact Flury had sued the competitor.
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?
(i) any
bankruptcy, insolvency or receivership
proceedings to which the business has been subject
during the period when the applicant was an owner, director, officer or partner, including
(f) any business that the licensee owns, or of which the licensee has been a director, officer or partner at any time
during the past 2 years, is the subject of any
bankruptcy, insolvency or receivership
proceedings, including