Sentences with phrase «in federal bankruptcy law»

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.

Not exact matches

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 crisiIn 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 crisiin 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 financibankruptcy, 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 crisiin Chapter 11 of the Federal Bankruptcy Law, the largest bankruptcy in the history of the United States and a symbol of the global financiBankruptcy Law, the largest bankruptcy in the history of the United States and a symbol of the global financibankruptcy in the history of the United States and a symbol of the global financial crisiin the history of the United States and a symbol of the global financial crisis.

ALBANY, NY (12/23/2010)(readMedia)-- Governor David A. Paterson today announced he has signed into law S.7034 - A / A.8735 - A, which will increase the amount of exemptions in bankruptcy proceedings and money judgments and provide a choice between State and Federal exemptions.

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.

The reason being that federal law protects retirement accounts from creditors in the event you file for bankruptcy (up to $ 1 million dollars in the case of IRAs).

Current laws prohibit federal and private student loans from being discharged in bankruptcy.

The Bankruptcy Code is federal law, meaning that its important provisions such as the automatic stay and bankruptcy discharge operate in similar fashion nBankruptcy Code is federal law, meaning that its important provisions such as the automatic stay and bankruptcy discharge operate in similar fashion nbankruptcy discharge operate in similar fashion nationwide.

The ability to file bankruptcy is established by federal law, and all bankruptcy cases are handled in federal court.

The Bankruptcy and Insolvency Act (the Act or BIA) is the federal law which regulates bankruptcy and consumer proposals Bankruptcy and Insolvency Act (the Act or BIA) is the federal law which regulates bankruptcy and consumer proposals bankruptcy and consumer proposals in Canada.

Federal laws known as the federal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcyFederal laws known as the federal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcyfederal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcy cases.

So in Minnesota, debtors have to choose between using state law or the federal bankruptcy code to protect property.

They are currently looking at potential changes to federal bankruptcy law which may or may not happen in 2015.

After a precedent was set by the Supreme Court, federal law doesn't allow student loan debt to be discharged in bankruptcy, although other forms of outstanding debt such as credit cards have the potential for discharge in bankruptcy.

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.

Since new federal bankruptcy rules became law in October, 2005, anyone who has gross income higher than the median income for their state is required to file bankruptcy under Chapter 13, instead of under Chapter 7.

Legislative solutions, governed by federal law, typically come in the form of consumer proposals, which are now more commonly used than bankruptcy filings.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

Regardless of what your state laws deem as homesteaded property, for federal bankruptcy purposes, a homestead is your primary residence, the place in which you and your family live.

Whether you are talking about state or federal bankruptcy laws, understanding homestead exemption in bankruptcy can be complicated.

Strategically, by using a combination of Bankruptcy, State, and Federal consumer protection laws, Doan Law Firm has developed and pioneered a program that allows homeowners to legally remain in their home for 8 - 18 months or even years after ending mortgage payments!

When a creditor or debt buyer persistently tries to collect on a debt that was discharged in bankruptcy, that creditor is violating federal law, namely section 524 of Title 11 of the United States Code.

Liquidation bankruptcies are called «Chapter 7» and reorganization bankruptcies are known as «Chapter 13» (because of the section of federal law these are found in).

Bankruptcy in Canada is governed by federal law, but the process is not free.

The legal rights of liens are governed primarily by state laws, but since filing bankruptcy is a federal matter governed by federal laws, a debtor wanting to file bankruptcy should understand the significance of a lien in relationship to the bankruptcy process.

And to make sure you pay back, the government passed a law making it almost impossible to eliminate both federal and private student loan debt in bankruptcy.

Clarifies current law's «undue hardship» exception to nondischargeability in bankruptcy as it applies to federal student loans by creating a rebuttable presumption that a debtor faces an «undue hardship» if the debtor is receiving disability benefits under the Social Security Act;

However, there is a Federal law in the US that can help you manage or even remove your debts — Chapter 7 Bankruptcy.

But a provision slipped into federal law in 2005 effectively bars most Americans from accessing bankruptcy protections for their private student loans.

«The argument was that there needed to be tougher bankruptcy laws for federal student loans in order to make sure that the money was paid back and the government's pool of resources for those loans wasn't depleted.»

The reason for raiding your IRA under these circumstances is because an IRA is not exempted in a bankruptcy from an Internal Revenue Service levy as described by federal law.

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.»

With your financial future on the line, it's important to choose a bankruptcy law firm that specializes in bankruptcy: state and federal laws change frequently and can be extremely difficult to understand for those who do not have specialized legal knowledge.

In addition, federal law requires people who file a bankruptcy to complete credit counseling before they can file.

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

In 2005, the law was changed to exclude ALL student loans, private or federal, from being discharged by bankruptcy.

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

Because new bankruptcy laws are complex, you need an attorney with an in - depth understanding on local, state, and federal levels.

In addition, this relatively limited use, current law protects individuals, and we heard this morning about the Fair Credit Reporting Act, Title VII of the Civil Rights Act and also the Federal Bankruptcy Act.

In the event of financial troubles, federal law strictly limits when a bankruptcy court may discharge student loan debt.

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

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.

Federal law does not allow the discharge of student loan debt in a bankruptcy case, except with a showing of «undue hardship.»

In an unusual example of judicial defiance, an on - his - way - out bankruptcy judge is siding with an out - of - work and deep - in - debt law grad and issuing a rebuke to the federal district judge who overruled hiIn an unusual example of judicial defiance, an on - his - way - out bankruptcy judge is siding with an out - of - work and deep - in - debt law grad and issuing a rebuke to the federal district judge who overruled hiin - debt law grad and issuing a rebuke to the federal district judge who overruled him.

It also identifies and helps investigate bankruptcy fraud and abuse in coordination with United States Attorneys, the Federal Bureau of Investigation, and other law enforcement agencies.

All bankruptcy law in the United States is conducted in the federal courts and not in the courts of the states.

Author: Christopher A. Benson is an attorney in Federal Way, Washington, who focuses on estate planning, bankruptcy, wills and real estate law.

Both a litigator and a deal lawyer, John has extensive experience in all aspects of bankruptcy and commercial law, including litigation in federal and state courts and structuring and documenting complex transactions.

With NLP technology, ROSS can pinpoint answers to substantive legal issues in Bankruptcy Law, across Federal and State courts and agencies, including published and unpublished case law covering subjects such Law, across Federal and State courts and agencies, including published and unpublished case law covering subjects such law covering subjects such as:

Even though I live and practice bankruptcy law in one of the most progressive states in the Union: California, I do not see enough female and ethnic bankruptcy attorneys or trustees and although I am admitted in multiple federal districts in the state, to my knowledge, I have never appeared before a single ethnic bankruptcy judge.