Sentences with phrase «during your bankruptcy case»

When you file bankruptcy, the court places an automatic stay that prohibits the creditors from any collection practices during the bankruptcy case.

In all cases, interest continues to accrue during the bankruptcy case, which is likely to increase the Total Loan Cost.

Information that you provide during your bankruptcy case may be audited, and the failure to provide such information may result in dismissal of the case or other sanctions, including criminal sanctions.

Money borrowed by fraud or false pretenses: A creditor may try to prove in court during your bankruptcy case that you lied or defrauded them, so that your debt can not be discharged.

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.

The automatic stay is designed to put an immediate end to threatening phone calls, letters and other forms of creditor harassment during your bankruptcy case.

The automatic stay is designed to prevent all collection action on the part of your creditors during your bankruptcy case.

First, the automatic stay puts a stop to collections, phone calls and letters during the bankruptcy case.

In telephonic consultations we will review your debt situation and explain the bankruptcy process and what you can expect during your bankruptcy case.

Not exact matches

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.

If relative or friend co signed a loan which the debtor discharged in bankruptcy, the cosigner may still be obligated to repay whatever part of the loan not paid during the pendency of the bankruptcy case.

You might be able to avoid bankruptcy and we're here to explain how after reviewing your specific case during your free initial consultation.

Your conduct and behavior before and during bankruptcy can damage or even be fatal to your case.

In some cases a consumer proposal is a better option than a second bankruptcy, since by filing a proposal you have certainty over what you will be required to contribute during the process.

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.

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.

Once you file, something called the automatic stay is implemented in your case during the life of your bankruptcy.

(1) is or has been a debtor under this title or a debtor or bankrupt under the Bankruptcy Act; (2) has been insolvent before the commencement of a case under this title or during the case but before the grant or denial of a discharge; or (3) has not paid a debt that is dischargeable in a case under this title or that was discharged under the Bankruptcy Act.

No one can positively say what would happen in a particular case, but in order for a debtor to protect themselves against such wrongful termination by an employer during a bankruptcy, it might be wise to consider retaining a lawyer with that type of experience.

During a Chapter 13 bankruptcy case, you'll get the chance to boost your credit score with every on - time monthly payment you make while the case is pending.

A Chapter 7 bankruptcy is normally concluded in most cases in six months or under, so some question the wisdom of buying a house during this time.

Filing a bankruptcy case is an emotional process that most people never want to repeat during their lifetime.

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.

In many cases, bankruptcy is actually easier on your score than debt consolidation, which takes years during which your credit will continue to drop, or debt settlement, which will knock down your score without any sort of guarantee that your debt will actually be settled.

During the meeting of creditors, the trustee assigned to your case will present to you the outcomes of filing a Chapter 7 bankruptcy to ensure you are fully aware of the aftermath.

In almost all Chapter 7 bankruptcy cases, the bankruptcy exemptions are sufficient to protect any anticipated tax refunds that the debtor may be receiving during tax time.

During calendar year 2015, nearly 800,000 bankruptcy petitions were filed by individuals with debts that are predominantly consumer in nature («consumer cases»), 10 percent fewer than in 2014.

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.

The DIA was substantially impacted during Detroit's bankruptcy case, during which attempts were made to sell its art collection.

Inside the Minds: Creditors» Rights In Chapter 11 Cases - Leading Lawyers On Identifying And Protecting The Rights Of Secured And Unsecured Creditors During Chapter 11 Bankruptcy Cases,

The presentation updated roughly 200 attendees on developments in bankruptcy case law, rules, and practice in Rhode Island and throughout the First Circuit during the last year.

There was Bahar Ansari, co-founder of Case.one, who is disrupting practice management with her pay - by - the - case pricing; Nicole Bradick, cofounder and chief strategy officer of CuroLegal, who this year played key roles in helping to launch the Legal Checkup for Veterans and the Hate Crime Help app; Carol Lynn Grow, owner and VP of marketing at LawToolBox.com, which was recently nominated for a Microsoft People's Choice Award; Anna McGrane, COO of PacerPro, who this year was named to the Fastcase 50; Laura Safdie, cofounder, COO and GC of Casetext; Janine Sickmeyer, CEO and founder of the NextChapter bankruptcy platform; and Tracy Stevens, vice president of product and design at MyCase, who I interviewed during a visit there last June.

Next, Jones Day collected $ 43.5 million in fees in the case filed by industrial aluminum products maker Kaiser Aluminum Corp. of Foothill Ranch, Calif.; Skadden, Arps, Slate, Meagher & Flom has so far asked the court for $ 34.8 million for the reorganization of New York - based international commodities broker Refco Inc., which officially emerged from bankruptcy during the last week of 2006; and New York's Weil, Gotshal & Manges requested $ 23.3 million to help reorganize Lancaster, Pa. - based floor products manufacturer Armstrong World Industries Inc..

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.

On one hand, Andrew Fastow — who served up his wife as a sacrifical lamb for his embezzlement of millions from Enron that triggered one of the largest bankruptcy cases in U.S. history, who used the NatWest Three to hide his embezzlement of millions more and then turned on the U.K. bankers to save his skin, who very well may have forged Richard Causey's initials on the Global Galatic «agreement,» whose bizarre testimony during the Lay - Skilling trial was largely discounted by jurors and who had a large hand in ruining the careers of four innocent Merrill Lynch executives in order to lessen his prison sentence — is sentenced to six years in prison.

During the meeting, the trustee in your case will ask you some questions under oath to verify the information in your bankruptcy paperwork.

This name comes from the liquidation sale that takes place during some Chapter 7 bankruptcy cases.

During his legal career, Owen Todd has handled virtually every kind of case from murder to mass tort litigation and from bankruptcy litigation to «bet - the - company» commercial cases in every type of court throughout thirty - six states.

An experienced bankruptcy attorney can assist you buy a car during a Chapter 7 bankruptcy case.

Also, during your case, you'll be protected by the automatic stay provision of Wisconsin's bankruptcy laws which is designed to prevent foreclosure, repossession and lawsuits.

In Chapter 13 bankruptcy, a 3 - 5 year debt repayment plan is created during your case.

When you file for bankruptcy the court will likely enter an automatic stay, which is designed to protect you from creditors» lawsuits, harassment, and threats of repossession and foreclosure during your case.

During your Chapter 7 bankruptcy case, the bankruptcy trustee has the option to sell, or liquidate, any non-exempt property that you own.

The automatic stay goes into effect immediately after filing bankruptcy at the Chicago bankruptcy court, and in most cases, may last during your entire case and until you receive your debt discharge.

The presentation updated approximately 200 attendees on developments in bankruptcy case law, rules, and practice in Rhode Island and throughout the First Circuit during the last year.

During Chapter 13 bankruptcy bankruptcy cases, your debts will be consolidated and ordered.

Upon your bankruptcy filing, the court will appoint a bankruptcy trustee who will enter an order for an automatic stay, which essentially stops all collection actions against you during your Chapter 7 bankruptcy case.

Kirkland & Ellis, which served as lead debtor's counsel to UAL during its bankruptcy, reaped more than $ 100 million in fees for its work in that case.

During ten years of his government service, Jeff was a Special Assistant United States Attorney representing the IRS in bankruptcy cases.

Jeff taught various subjects on tax collection and bankruptcy for the IRS during government service, and was a regular participant in the Chief Counsel — Department of Justice Bankruptcy Roundtables during the 90's, which gave rise to many of the IRS» current practices and theories in bankrupbankruptcy for the IRS during government service, and was a regular participant in the Chief Counsel — Department of Justice Bankruptcy Roundtables during the 90's, which gave rise to many of the IRS» current practices and theories in bankrupBankruptcy Roundtables during the 90's, which gave rise to many of the IRS» current practices and theories in bankruptcybankruptcy cases.