Sentences with phrase «federal bankruptcy law»

Federal bankruptcy law exempts a debt from discharge if the creditor can show that the debtor obtained money through known misrepresentation that was relied on by the creditor and created a loss to that creditor.

This blawg explores the curious intersection between federal bankruptcy law and Virginia family law with an eye toward providing general information to the unfortunate participants caught in that intersection.

Federal bankruptcy law defers to the states on a critical issue: what is the basic minimum income and property that debtors need not surrender to creditors.

Michael P. Cooley has a comprehensive practice centered on matters of federal bankruptcy law, business reorganization and liquidation, and creditors» rights in bankruptcy cases and in out - of - court restructurings ranging in size from a few million dollars to several billion dollars.

He was involved and assisted in drafting the draft Federal Bankruptcy law and has also presented at conferences and written articles on insolvency and restructuring issues as they affect the UAE legal environment.

However, under federal bankruptcy law, that order was technically no longer enforceable once he assigned himself into bankruptcy.

Hot Topics Relating to Ponzi Schemes, Distressed Real Estate Sales, and Other Emerging Issues: SELLER BEWARE: Understanding the Interplay of Reclamation Rights and Federal Bankruptcy Law,» Beverly Hills Bar Association: Business Law Section, March 2010 (and panel speaker)

Up to $ 25,000 worth of real or personal property when filing under federal bankruptcy law.

The study, which ROSS commissioned, assigned a panel of 16 experienced legal research professionals to research seven questions modeling real - world issues in federal bankruptcy law.

The blogosphere has long buzzed with reports that Americans have fallen prey to certain myths about credit cards and personal finance — from the notion that checking your credit report will lower that score to the belief that federal bankruptcy law now prohibits individuals from filing for Chapter 7.

Federal bankruptcy law specifically excepts student loans from discharge in bankruptcy, unless doing so would cause «undue hardship» for the debtor or the debtor's family.

Federal bankruptcy law specifically excepts student loan debt from discharge, unless a debtor can meet the difficult burden of demonstrating «undue hardship» to themselves and their defendants.

Federal bankruptcy law prohibits discharge of student loan debt except in extremely limited circumstances.

Federal bankruptcy law does not allow the discharge of student loan debt unless the debtor can show «undue hardship.»

It would be difficult in any event because federal bankruptcy law makes it nearly impossible to discharge student loan debts.

If you file for personal bankruptcy more than five years after the date of the «end of your education» then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

A lot of people have raised questions in the comments regarding proposed changes to federal bankruptcy law to accommodate modifications of mortgage loans.

Both procedures were created by federal bankruptcy law, and are legally binding on your creditors, so once your consumer proposal or bankruptcy is completed the creditors can not pursue you for those debts.

On October 17, 2005, new federal bankruptcy law in America requires anyone whose gross income is higher than the median income for their state to file bankruptcy under Chapter 13, instead of under Chapter 7.

They are currently looking at potential changes to federal bankruptcy law which may or may not happen in 2015.

He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.

Snyder's decision allowed Detroit Emergency Manager Kevyn Orr to make a filing under Chapter 9 of the federal bankruptcy law.

In 2008, Fir Tree joined the hedge funds that are part of the Ad Hoc Group of Puerto Rico to support the investment bank in the Lehman Brothers bankruptcy, an entity that took refuge in Chapter 11 of the Federal Bankruptcy Law, the largest bankruptcy in the history of the United States and a symbol of the global financial crisis.

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

A few years ago, the federal bankruptcy laws changed so that debtors who want to file Chapter 7 bankruptcy have to first pass a means test to file.

Whether you are talking about state or federal bankruptcy laws, understanding homestead exemption in bankruptcy can be complicated.

Nonexempt assets are identified under state and federal bankruptcy laws.

Get the fresh start only the federal bankruptcy laws can give you.

Federal bankruptcy laws, even in a common law property state, generally states that if only one spouse files for a Chapter 7 bankruptcy, only that spouse's debts will be discharged.

In 2005, Congress amended the federal bankruptcy laws adding something called the «means test.»

Chapter 13 of the federal bankruptcy laws gives individuals the right to propose a plan to their creditors to repay their debts.

It's your right under the Constitution: Federal Bankruptcy Laws are designed to give debt relief to people who are overburdened by debt.

But the fact is: Federal bankruptcy laws are there to protect you from financial ruin and to give you a fresh start.

America's Federal Bankruptcy Laws are designed to give Debtors a «Fresh Start,» but they also protect Creditors, by ensuring that each and every Creditor will be treated equally, whether they are complete strangers to the Debtor, or close relatives of the Debtor.

Thanks to federal bankruptcy laws, you can get a second chance.

At Bailey & Galyen, our lawyers have taken an aggressive stand to defend Texas home and property owners from bank foreclosure by using federal bankruptcy laws.

Most of the bankruptcy process is governed by federal bankruptcy laws.

Both federal and state laws can affect a debtor seeking to file for bankruptcy, and an attorney can help you understand how state and federal bankruptcy laws apply to you.

Not exact matches

Of a total federal inmate population of 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieves.

Under federal law, you have the right to declare bankruptcy relief from your creditors.

The U.S. Supreme Court is also reviewing federal court rulings that said a local bankruptcy law enacted by the commonwealth is unconstitutional.

And beyond that, even if the group is able to negotiate deals with a majority of the creditors, it is expected that Puerto Rico will still need to seek federal support to give the island a way to restructure the bonds through Chapter 9 bankruptcy laws.

ALBANY, NY (12/23/2010)(readMedia)-- Governor David A. Paterson today announced he has signed into law S.7034 - A / A.8735 - A, which will increase the amount of exemptions in bankruptcy proceedings and money judgments and provide a choice between State and Federal exemptions.

Federal Judge Steven W. Rhodes gave the go - ahead to Detroit's historic bankruptcy filing, and dashed the hopes of city employees and retirees who hoped state law would protect their pensions.

The demand that federal law be amended to permit Puerto Rico to file a bankruptcy petition has a reasonable likelihood of happening and could be beneficial.

The reason being that federal law protects retirement accounts from creditors in the event you file for bankruptcy (up to $ 1 million dollars in the case of IRAs).

When you file bankruptcy, federal law imposes an «automatic stay» which prohibits your creditors from taking any action (including phone calls) to collect debts from you including court judgments and tax debts during the pendency of the bankruptcy.

It's difficult to compare debt settlement or debt consolidation vs. bankruptcy, because many state and federal laws that apply to bankruptcy don't apply to the other two forms of debt relief.

For one thing, you may not understand federal or state bankruptcy laws or be aware which laws apply to your case, especially regarding what debts can or can't be discharged.