Sentences with phrase «for most debtors»

The reality is that filing a bankruptcy is usually a huge relief for most debtors because they have been burdened for so long.

This is quite feasible for most debtors.

For most debtors bankruptcy filing is a complex process that need them stay up - to - date on the bankruptcy laws.

Not exact matches

When growth is most needed, when a country is suffering from excessively high levels of debt, it is hard to find many cases in which the aggressive implementation of reforms led to growth rates fast enough for the debtor to grow its way out of debt.

I would argue however, that this merely perpetuates the cycle for most student debtors.

As there are a plethora of debt relief options for the credit card debtors, most of them are unaware whether or not debt consolidation through a credit card debt consolidation company is the best option for repaying their debts.

Most debtors wonder about ways in... [Read more...] about Is Debt Consolidation A Worthy Option For Repaying Credit Card Debt?

One of the most frightening changes for most student loan debtors is the news that beginning July 1, 2012, student loans will not be subsidized.

Due to the possibility of the debt and negative marks coming off your credit, and due to the possibility of not having to pay an unsecured debt collection account, debt validation is one of the most popular debt relief programs in 2018 for Rhode Island debtors to consider.

Although it took a number of years for the debtor to prevail, eventually with the help of a good bankruptcy attorney she was able to show that the discharge of debts in bankruptcy applies to even the most powerful of creditors.

Most plans require debtors to make installment payments to creditors for an additional three to five years after the proceeding, with any debt left after the plan period to be forgiven.

Today, most of the student loan attention revolves around the negatives for young student and graduate debtors, but their cosigners, often their parents, also struggle as a result of the student loan crisis.

Most debtors who approach a creditor to work out a settlement still ends up paying about 75 cent for every dollar owed.

In most cases, debtors must find out about exemptions and ask for them on their own.

In most cases (probably 90 percent or more), the bankruptcy judges rule that student loan debtors do not qualify for bankruptcy relief under the «undue hardship» test.

This is why credit card debt builds over time for most insolvent debtors.

Bankruptcy in Canada is a legal process in which a debtor assigns non-exempt assets for the benefit of his creditors in exchange for which he will be discharged from most debts.

Most debtors do not qualify for Chapter 7 bankruptcy, however, because they do not have enough qualifying assets to cover their bills.

But the cases are for the most part open and shut because the debtor had likely signed a contract that helps the company prove its case.

It is advisable to apply for a fast cash loan for individuals that have a bad credit ranking as a lot of lending businesses offer these loans on the basis of the most recent payment proof of the debtors and are generally not worried about their credit history.

Copies of the debtor's tax returns for the most recent tax years and the tax returns filed during the case must be given to the trustee.

Although it is possible to file for Chapter 13 Bankruptcy without the assistance of a bankruptcy lawyer, most debtors will find it helpful to consult with a lawyer to ensure they are making the right decision.

Most banks and credit card companies are not willing to wait two or three years while the consumer accumulates sufficient money for a settlement, and the debtor then discovers that they are facing legal actions and wage garnishments from their creditors.

Most debtors with a very low income will qualify for Chapter 7 bankruptcy.

It may be more difficult to obtain credit in the short term but most debtors who file bankruptcy and work diligently to pay their remaining debts on time each month report that their credit scores improve within a year after filing for bankruptcy relief.

When most debtors find themselves at the end of their rope, they can often be compelled to file for bankruptcy however, it is important to be aware of the alternatives, as bankruptcy is not always the best solution to get out of debt.

That is true for the most part, but a filing debtor had his homeowner insurance non-renewed when the insurance company found out the debtor had filed a bankruptcy.

Most jurisdictions, including the Ninth Circuit, use the Brunner test, which requires a debtor to establish (1) that continued payment of the student loans would prevent them from maintaining even a basic standard of living, (2) that this state of affairs is likely to continue for the foreseeable future, and (3) that the debtor has attempted to make payments on the loans in good faith.

Most bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the loMost bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the lomost of the repayment period, and (3) «good faith efforts» by the debtor to repay the loans.

And, like most credit card debtors, this didn't happen overnight but built up over time as she charged this or that she didn't have the cash to pay for but felt she «needed».

The No - Closing Cost refinancing is the normal and the most widely followed concept where the debtors are asked to provide upfront for their new agreement.

While a bankruptcy discharge releases debtors from personal liability for most debts, Chapter 7 discharge is subject to many exceptions, which may require legal counsel before filing.

Traditional bank debt and lines of credit still account for most of Joe Debtor's personal loans; however, the use of alternative lending products has grown.

However, it should be noted that most who seek this relief already have impaired credit and, more importantly, in reality new credit is generally extended to debtors who keep their payments current for a year or two following discharge.

Deals with clients in business litigation such as that between Pillsbury and the SonicBlue board may be perfectly reasonable in most situations, but in bankruptcy, where the interests of creditors are paramount in a debtor - in - possession situation, such a deal undermines the entire process because Pillsbury could not be expected to fully pursue claims against the board if Pillsbury was potentially on the hook for any damages by agreement.

We advised lenders on the US$ 33.75 billion bank and bridge acquisition financing for the Teva Pharmaceuticals US$ 40.5 billion acquisition of Allergan / Actavis Generics, the most significant acquisition ever by an Israeli company; GSO Capital, the credit rating arm of the Blackstone Group, in its new $ 1 billion in dedicated acquisition financing to financing Amaya Gambling Group's $ 4.9 billion acquisition of Israeli - owned internet poker giant Rational Group, creating the world's most significant publically traded i - gaming company; recommended lenders, arrangers or debtors in financings for a broad selection of other Israeli companies including the Tshuva Group, Park Plaza Resort Group, Alrov Group (acquisition financings for Café Royal Resort London and Lutetia Resort Paris), Avgol Fibers, Netafim and Eurocom.

Serving consumers, businesses, debtors and creditors in the Inland Empire for almost 40 years, the Riverside bankruptcy attorneys at Reid & Hellyer have represented clients throughout Orange County, Riverside County, San Bernardino County and most everywhere else in Southern California, including the communities of Riverside, San Bernardino, Redlands, Colton, Temecula, Moreno Valley, Norco, Palm Springs and Corona.

Because our attorneys have represented both creditors and debtors in bankruptcy proceedings, we have invaluable insight into the most effective strategies for each side.

Given that most of the work for a Chapter 7 debtor is done upfront (except for the 341A meeting of creditors), most of the services have already been earned.

The U of T group has conducted a review of literature on civil legal needs, identifying debtor / creditor issues, employment law, and family law matters as the most pressing areas for increased service.

The two most common mechanisms for this purpose are (1) a writ of seizure and sale, and (2) a garnishment of debts, such as wages, owing to the debtor.

(8) Debts for most educational benefits and student loans, unless a court finds that not discharging the debt would impose an undue hardship on the debtor and his or her dependents.

Given the fact that — as is most generally recognized — most contractual obligations are obligations of result anyway, this analysis suggested two very positive consequences for debtors (or vendors, in our case).

I believe in most jurisdictions the payment of the difference can be enforced, though there are usually some mitigations built in for the debtor, and the time limit for enforcement (statute of limitations) may be shortened.

A shortening of debtor days to around 100 (which would most likely still be well outside a firm's normal credit terms) would equate to an extra # 700m of cash across the top 50 firms» balance sheets to fund investment, create more financial stability and potentially allow for the earlier paying out of partner distributions.

For this reason, in most cases, a team of professionals, including a workout advisor, tax professional and legal counsel, should be consulted to help understand the objectives and likely resolution strategies of the special servicer and to develop an action plan that protects and preserves the valuable indemnification rights and financial interest of the debtor and equity holders.