Sentences with phrase «file for bankruptcy because»

We allow individuals and corporations to file for bankruptcy because as a society, we value risk - taking.

So, you need to check the urgency of your financial needs before you find yourself having to file for bankruptcy because of lack of financial control.

I did not want to file for bankruptcy because prior to this, I had been good at paying my bills on time.

Bankruptcy laws and proceedings may vary slightly from state to state, be sure to call a reputable attorney in the state where you plan to file for bankruptcy because they have the most accurate knowledge of current personal bankruptcy laws.

After she broke off the engagement, she was forced to file for bankruptcy because of the bills he racked up.»

Perhaps you ended up filing for bankruptcy because of medical bills, a divorce, or other reasons outside of your control.

If you filed for bankruptcy because of overdue credit, then you'll have a better chance of redeeming yourself.

Many people have filed for bankruptcy because they were not informed of the alternatives to eliminate credit card debt without bankruptcy.

So many people are now filing for bankruptcy because they have also depleted their emergency funds and retirement accounts.

Heller wasn't able to buy it prior to filing for bankruptcy because its accounts had been frozen.

Quite a few have even found themselves filing for bankruptcy because they could not cover the debts of their deceased parents.

Not exact matches

The company will file a motion for the liquidation in bankruptcy court, according to the person, who asked not to be identified because the announcement isn't yet public.

SolarWorld filed for bankruptcy twice in the last year because it couldn't compete against foreign prices.

If your house is underwater and you file bankruptcy, the Trustee won't seize the house and sell it because there is no equity for the estate.

(One part of the problem is that because of its peculiar status, Puerto Rico can't file for bankruptcy under Chapter 9.)

Addition: AFA, a competitor of BPI, filed for bankruptcy, because of reduced demand for all beef products.

Because of its status as a United States territory, Puerto Rico is prevented from filing for bankruptcy.

Interfaith, which filed for bankruptcy protection and nearly closed, was an even thornier problem because of its location.

Jacobs said one of the reasons the party is not renominating John Mangelli, the Democratic candidate against Venditto two years ago, is because the Bayville attorney filed for personal bankruptcy in the past.

Several other coal companies, including Arch Coal and Walter Energy, have also filed for bankruptcy over the last year because of pressures on the industry.

Governor Bruce Rauner's recent pension bill would allow Chicago and other municipalities to file for bankruptcy, a mechanism which would allow the city to start over, restructure its past debt, and reform its pensions plans (but even in this case, there would be obstacles around when Chicago could actually file because of the way the city reports its debt).

If B&N gave up on the ebook market, they would be giving up on the future of books, in which case they might as well just file for bankruptcy now, because in the long run, paper books are dead weight.

Utility services: Public utilities, such as the electric company, can not refuse or cut off service because you have filed for bankruptcy.

They agree to the arrangement because they receive more money than if you had filed for personal bankruptcy.

That's because there are rules restricting when you can file for a second bankruptcy, which differ depending on the type of filing.

Bernanke and Geithner claimed that the deal was necessary to preserve the financial system because Bear was going to have to file for bankruptcy (they indicated the big worry was the credit default swaps).

Credit cards and medical bills are ideal for the debt settlement process because if the cardholder files for bankruptcy, the card company or medical facility could get nothing.

Others are less stringent because your risk of filing for bankruptcy again is low.

If you ever fantasize about never having to pay back your loans because you think filing for bankruptcy will clear all your debts, stop dreaming.

The time period drops to seven years from the date you file for Chapter 13 bankruptcy because of the repayment plan you negotiated.

Credit card issuers fear bankruptcy, because consumers often can wipe out or reduce unsecured debt, depending on whether they file for Chapter 7 or Chapter 13 bankruptcy.

Chapter 13 bankruptcy is also known as «wage earner» bankruptcy because, in order to file for Chapter 13, you must have a reliable source of income that you can use to repay some portion of your debt.

Because of the complexity of bankruptcy laws, it's always better to have an attorney file for you, though you can also ask how to file Chapter 13 without an attorney.

This is primarily because the creditors understand that you typically can not file a bankruptcy again for another 8 years, and you have no other bills to pay, meaning you are a great credit risk and now have the ability to pay your new credit card bills.

So Chris, I think you probably just kept me out of bankruptcy because I'd decided I would rather file for bankruptcy than let them jack me around.

She says inmates who try to file for bankruptcy do so because a spouse on the outside can't keep up with the bills.

Discrimination solely because you filed for bankruptcy is prohibited under the U.S. Bankrubankruptcy is prohibited under the U.S. BankruptcyBankruptcy Code.

If you're struggling to make ends meet because you owe a large amount of money to creditors but aren't ready to file for bankruptcy, you may want to consider taking advantage of debt relief services.

So, that's part of the complication and those monthly reports are probably the most difficult thing for people to do actually after deciding to file bankruptcy because every month you've got to keep track of where your money goes.

Because filing for personal bankruptcy is the last resort when dealing with financial problems, we want you to understand all of your options.

Many people will search for help in consolidating debts as a way to avoid filing bankruptcy and often fall into the trap of committing to a higher interest rate debt consolidation loan because the only financial institutions that will qualify you will typically charge you a higher rate of interest for doing so.

For example, if you have recently landed a job that pays $ 100,000 annually but have only been working for 2 months, you will likely still qualify to file for chapter 7 bankruptcy because your average income over the last six months (which will include four months of no salary) will put you below your state's average incoFor example, if you have recently landed a job that pays $ 100,000 annually but have only been working for 2 months, you will likely still qualify to file for chapter 7 bankruptcy because your average income over the last six months (which will include four months of no salary) will put you below your state's average incofor 2 months, you will likely still qualify to file for chapter 7 bankruptcy because your average income over the last six months (which will include four months of no salary) will put you below your state's average incofor chapter 7 bankruptcy because your average income over the last six months (which will include four months of no salary) will put you below your state's average income.

Filing for bankruptcy is often frowned upon by people, because it suggests a mishandling of one's resources.

One explanation for the apparent rise in lawsuits is that many loan holders are now able to sue because bankruptcy cases filed by borrowers around the recession have been resolved, said N. James Turner, a lawyer in Orlando, Florida.

A consumer proposal is different than a bankruptcy filing, because the note about filing bankruptcy in Canada remains on your credit report for six years from the date of discharge.

Kantrowitz said he has never seen instances of borrowers facing defaults because their co-signer died or filed for bankruptcy.

Another great piece of advice for those dealing with bankruptcy — if you filed Chapter 11 because you didn't have enough savings to survive a major financial setback like a job loss, it is time to get serious about setting up an emergency fund.

This rule has big implications if you're preparing for bankruptcy because if you file without your spouse, your joint debt will become your spouse's full responsibility.

However, many people shy away from bankruptcy because it can be a lengthy process that stays on your credit report for at least 7 years and can follow you for life (since most major loan applications ask if you've ever filed bankruptcy).

Customers who have filed for bankruptcy, a consumer proposal or any other debt relief program can also expect a higher than average interest rate, because they're deemed to be «high risk» according to lenders.