Sentences with phrase «filed by your creditors»

She said there often is a triggering event — such as a lawsuit filed by a creditor — that makes people realize how much trouble they're in.

The claims filed by your creditors have come in higher than anticipated therefore creating a terms issue.

I have analyzed every dischargeability lawsuit (adversary proceeding) filed by a creditor in Rochester and Buffalo since 2007, and have identified those creditors most likely to ask for a debt to be excepted from discharge see my blog January 2, 2011.

Francisco Lim and Oliver Pantaleon acted for STI Education Systems Holdings, the largest creditor of the Philippine Women's University (PWU), in foreclosure proceedings on PWU's properties and opposing the petition for the rehabilitation of PWU filed by another creditor.

Not exact matches

If your situation is really dire and your business is filing for bankruptcy, you might take advantage of a protection - from - creditors loophole offered by the state in which you own your home.

So it needs to restructure its debts, and creditors are going to get their heads handed to them, and a bankruptcy filing is now the chosen mechanism by which to do this.

Kraken was selected in November 2014 by the MtGox trustee after extensive and objective review to assist MtGox creditors in investigating missing Bitcoin, filing claims, and distributing remaining assets.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

As far as I'm concerned, it's time for them to prove they have a clue by filing their new business plan / reorganization plan instead of holding their hand out for more money while telling their creditors to bend over and trust them not to kick them in the rear again.

For instance, if you have been served by one of your creditors to appear in court over a debt, the bankruptcy filing will stop this lawsuit in its tracks.

This means a creditor must file its proof of claim by a set date, or the claim is barred from the case, and it won't be paid.

Governed by the same law as bankruptcy, a consumer proposal stops all collection and creditor actions as soon as you file.

They are paid by creditors to provide updates to your credit file whether accurate or not.

Providing many of the same benefits as filing bankruptcy, including creditor protection and elimination of overwhelming debts, by choosing a consumer proposal, people with severe debt problems gain several advantages over other forms of debt relief the most significant of which is dramatically lower monthly payments and avoiding bankruptcy.

k) You understand that CRA is expending labor, materials and funds in order to work on your credit file and that CRA is relying on your prompt furnishing of ALL correspondence received by you from either the creditors or credit bureaus, promptly upon being received by you and within 7 days.

When you fail to pay your loans, the creditor can run after you by filing a case in court.

By filing bankruptcy you receive immediate protection from creditor actions like harassing phone calls and legal threats and you stop dealing with your creditors.

The Factual Verification Process starts with the filing of a drafted dispute with each credit bureau using all required language under the FCRA to ensure complete compliance by the credit bureaus and proper verification of information furnished by creditors.

Written by Greenwood Bankruptcy Lawyer, Dee Compton Filing bankruptcy to deal with only one creditor might seem extreme, but title lenders are often a «wolf in sheep's clothing.»

This procedure relies on using the required legal language and then holding the creditors and credit bureaus responsible by filing appropriate charges and providing the requisite evidence that the credit bureaus and creditors had notice but were negligent in following the law.

Creditors and collection agencies may refuse to lower the payment amount, interest rate or fees owed by the consumer and make collection calls or file lawsuits against the consumers represented by the debt relief companies.

We work with you and your creditors to reduce your overall burden by negotiating repayment plans or locating loan options without filing for bankruptcy.

By filing the bankruptcy electronically, it is accepted immediately, and the protection you get from creditors starts immediately.

Prior to the new legislation, consumers with significant unsecured debt could safeguard their home equity by filing a consumer proposal and offering the equivalent «value» to their creditors as part of their settlement terms.

Bankruptcy: Besides debt settlement, the only other way to reduce how much you owe to creditors is by filing a Chapter 13 bankruptcy.

By law, all actions to get you to pay your creditors must stop as soon as the bankruptcy documents are filed.

After this time passes, you may contest any lawsuit filed by a medical creditor on the grounds the original debt is time - barred.

Collection Efforts Prohibited by Bankruptcy Discharge Once you file for bankruptcy and receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period.

A wage garnishment by a creditor is stopped on the date that someone files a consumer proposal or personal bankruptcy.

PLEASE NOTE: If the late filed claim is for SECURED by goods we can still object to paying the claim in your case but when you case is over the creditor can repossess their property.

When you file for personal bankruptcy or make a proposal to your creditors, you must turn over all credit cards to your trustee, who will then return them to your credit card companies; that is the law (paragraph 158 (a. 1) of the Bankruptcy and Insolvency Act and Directive # 3 issued by The Superintendent of Bankruptcy).

Unsecured debt is held by creditors that have no claim to your assets, unless they file suit against you (i.e. credit cards).

By filing a consumer proposal or personal bankruptcy, you are protected from your creditors, will eliminate all or most of your debts and be permitted to keep your investments (minus contributions made in the last 12 months).

Exemption laws have been enacted by every state as well as the federal government to protect the property of debtors against the claims of judgment creditors and, once a bankruptcy case is filed, the trustee.

If the Consumer Proposal has been successfully filed, accepted by your creditors, and then paid through completion, a certificate is given indicating the full performance of the proposal to you and the Official Receiver.

Creditors / collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.

Thirty days after you file, you will attend a creditors» meeting conducted by the trustee.

If you can not pay the debt, then the creditor can collect the debt by garnishing your wages, filing a lien against your home, filing a lien against your investment property, or seizing the funds in your bank account with a bank levy.

They assign a file number, which is required by your trustee before notifying your creditors.

We Pledge to ensure that the filing of a new bankruptcy case by our office will legally stop all creditor collection activity, including foreclosures, repossessions, court proceedings (other than criminal prosecutions), garnishments (other than domestic support obligations), threats, creditor calls, collection letters, and general creditor harassment.

Additionally, you can not file again for 8 years (in case of filing Chapter 7 followed by another Chapter 7) so you're actually a «safe bet» for the creditors.

ICFE DCCS ® Independent Study Guide Table of Contents Consumer Financial Protection Bureau to oversee debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources

Creditors will be notified by the bankruptcy clerk that bankruptcy has been filed by the debtor.

By law, your trustee is required to notify all of your creditors within five days of your bankruptcy filing.

Once you have filed for protection with the Court, your creditors are required by law to stop all collection activity against you.

If the collector is a third party collecting on behalf of the original creditor, it should easily be able to get that information at the time the file is assigned by the original creditor on whose behalf it is acting.

Scott explains the meaning of a debtor, creditor, and trustee, and breaks down the filing process, step by step.

The opitons include making payments as requried by the creditors in question, negotitating directly with the creditors to find a reasonable schedule for repayment, a consolidation loan, credit counselling, a consumer proposal, or even the filing of a bankruptcy.

Filing bankruptcy with an attorney can stop fraudulent reporting by a creditor.

Another scenario in a Chapter 7 is if the creditor wants to file a Motion to Determine Dischargeability in your case and you prevent this by not placing that creditor on notice.