Sentences with phrase «during the bankruptcy period»

During the bankruptcy period you are required to make a payment to your trustee.

Your Kitchener bankruptcy trustee will work with you to estimate your projected income during the bankruptcy period, and put you on a payment plan so that the cost of the bankruptcy is paid in full so that your bankruptcy can end on time.

If you are considering bankruptcy, you should estimate your income during the bankruptcy period, so you can estimate your surplus income and therefore the cost of your bankruptcy.

Instead of giving up property, a debtor will repay all or a portion of his debt during the bankruptcy period and live within a strict budget that is monitored closely by the bankruptcy trustee.

Not exact matches

Furthermore, that bankruptcy will continue to plague your credit reports for up to ten years and could keep you from getting approved for any type of loan or credit during that period.

Chrysler shut down all of its plants when it went into bankruptcy, but briefly reopened seven of those plants before a normal summer idling period, during which the factories are retooled for the next model year.

The bookseller filed for bankruptcy in 2015 and all 240 locations were operational during this period.

The new bankruptcy laws have changed the time period during which you can receive a discharge through Chapter Seven.

At the end of the 21 months period, if there was no change to his income or family size during the bankruptcy, and he paid the required amount, (assuming there are no objections to his discharge) he would receive an automatic discharge from his bankruptcy.

The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky FHA - insured mortgage loan for those who have undergone foreclosure, deed - in - lieu, taken a short sale or declared bankruptcy during the economic recession.

In the case of a Chapter 13 Bankruptcy, a borrower may qualify for an FHA loan if at least one year of the pay - out period has been completed and the applicant can show a satisfactory payment history during that one year timeframe.

With a Chapter 13 bankruptcy, if the filer submits a plan that will address all of the joint debt, the creditor can not pursue the spouse for payment of the debt during the restructuring payment period (which generally runs for up to five years).

Never charge frivolous purchases to your card during the delicate rebuilding period following bankruptcy.

The new bankruptcy laws have changed the time period during which you can receive a discharge through Chapter 7.

or during the five - year period preceding the filing of the bankruptcy petition, the debtor was not enrolled in school and had a gross income of less than 200 percent of the official poverty guideline during each of those five years.

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.

Your creditors won't know you are filing bankruptcy until your petition is filed, so during this period they still expect to be paid.

Current monthly income is defined in 11 U.S.C. § 101 (10A) as the monthly average of the income received by the debtor (and the debtor's spouse in a joint case) during a defined six - month time period prior to the filing of the bankruptcy case.

For those clients who are still employed, and elect to file bankruptcy after termination or during a period of lay - off, they should be counseled to list even a potential claim if they have sought legal advice or filed with the EEOC or other agency regarding the situation with their employer.

Section 284 of IA 1986 provides that where a person is adjudged bankrupt, any disposition made during the period beginning with the date of the presentation of the petition (in this case 9 March 2009) and ending with the vesting of the bankrupt's estate in a trustee in bankruptcy will be void unless subject to the court's earlier approval or subsequent ratification.

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.

Chapter 13 bankruptcy offers financial help by granting a three - five year period during which you can catch up on past - due payments while staying current with payments that come due during that period.

You'll make one monthly payment to the bankruptcy trustee for distribution — you'll have no direct contact with creditors during the protection period of 3 - 5 years.

However, during the lease period, Qualitech filed for Chapter 11 bankruptcy protection.

(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