Sentences with phrase «federal bankruptcy laws»

Although you may fear that your home will be lost to foreclosure, we want to assure you that you have options and rights under federal bankruptcy law.

The research questions modeled real - world issues in federal bankruptcy law, but you chose researchers with minimal experience in that area of law.

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.

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

Each district is allowed to make its own rules and procedures in implementing federal bankruptcy laws.

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

Most importantly, an executive order can not modify or repeal the provisions of federal bankruptcy law that exclude student loan debt from discharge.

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.

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.

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

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.

Even though in a common property state a debt is owned equally by both spouses, federal bankruptcy law prevents the trustee from going after the non-filing spouses debts.

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

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.

Hadef & Partners and Clifford Chance have been instructed by the UAE Ministry of Finance on behalf of a number of UAE government stakeholders, to assist in formulating key policy proposals and to draft a new proposed federal bankruptcy law for the UAE, based on a comparative study of insolvency laws in a number of other legal jurisdictions, including England and Wales, France and Germany.

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.

James Farn, Partner and Head of Banking & Finance in Hadef & Partners» Abu Dhabi office, details the salient provisions of the draft UAE federal bankruptcy law and their practical effect on conducting business in the UAE.

In a 2 - 1 split, a majority of the Court of Appeal of Alberta agreed with lower court, finding that federal bankruptcy law takes precedence over the province's jurisdiction to set environmental rules.

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.

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.

The U.S. Court of Appeals for the First Circuit has found that a creditor violated federal bankruptcy law when it threatened to file a complaint with the state real estate commission if the broker did not agree to settle the creditor's debt during bankruptcy proceedings.

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.

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.

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).

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.

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.

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.

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.

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

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.

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.

The federal bankruptcy laws were enacted to provide good, honest, hard - working debtors with a fresh start and to establish a ranking and equity among all the creditors clamoring for the debtor's limited resources.

Some defaulted commercial loans can be discharged appropriately under federal bankruptcy laws, whereas seeking financing through a non-lender can cause complications with a bankruptcy discharge or other forms of repayment programs.

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.»

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

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

The federal bankruptcy laws were established to offer honest debtors with a fresh start and to enable an agreement with all the creditors fighting for the debtor's remaining resources.

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

Because of changes to federal bankruptcy law in 2005, student loan debt is not dischargeable in bankruptcy except in very limited circumstances, although a bill pending in Congress seeks to expand those circumstances.

All federal bankruptcy laws apply everywhere in Canada.

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

federal bankruptcy law that I hear also applies to IRAs and would protect them in case of bankruptcy, but in non-bankruptcy cases, e.g. a legal judgement against you, you'd be back to state rules.