Sentences with phrase «honest debtor»

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.

As Iuliano says, «By adopting this broad reading, courts have done much to prevent honest debtors from utilizing the protections of bankruptcy.

The point is a fresh start for honest debtors to get them back on their feet and moving forward.

Bankruptcy is for the unfortunate but honest debtor.

The majority of creditors accept payment plans and other alternative payoff methods when dealing directly with an honest debtor.

While such a finding is very serious, an open and honest debtor should have nothing to worry about.

While bankruptcy laws generally are designed to give the honest debtor an opportunity to get a fresh start and get released from his or her debts, there are always exceptions.

The policy of bankruptcy law is that the honest debtor who is in debt beyond its ability to repay its debts should receive a fresh start.

Bankruptcy and My Bills The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his or her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding.

Bankruptcy is the process by which an honest debtor surrenders a portion of their assets in exchange for the elimination of their debt.

And yet, most of the stories we hear have the same root cause: an honest debtor with unfortunate circumstances.