Sentences with phrase «federal bankruptcy law takes»

Not exact matches

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 financibankruptcy, 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 financiBankruptcy Law, the largest bankruptcy in the history of the United States and a symbol of the global financibankruptcy 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).

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.

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.