Sentences with phrase «liens on secured debt»

In addition, the liens on secured debt — think mortgage and car loan — generally pass through bankruptcy unscathed, meaninig your obligation to pay them remains.

Typically in times past, a debtor would file a Chapter 13 if they wanted to strip a lien on a secured debt.

Not exact matches

In addition, once a secured debt obligation is paid off, you should request immediately that the lender terminate the lien on said asset (s) through the filing of a UCC - 3 form.

M360 Advisors («M360») is a U.S. - based investment management company that manages diversified portfolios of senior debt investments secured by first - priority liens on income - producing commercial real estate throughout the United States.

Your bankruptcy discharge will eliminate your personal liability on most secured debts, but liens on your property will remain.

The loan is secured by a lien on the home, but no assets other than the home may be used to repay the debt.

This situation is sometimes also called lien priming, because there is usually a lien or other restriction placed on the property or collateral that is used to secure the loan or debt.

A home loan results in a mortgage lien on your property's title, which secures the debt's repayment to the lender.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.

Canadian bankruptcy law discharges all tax debt universally, unless the Canada Revenue Agency has taken steps to secure it (a lien on a property) or in the case of fraud or tax evasion.

In addition, once a secured debt obligation is paid off, you should request immediately that the lender terminate the lien on said asset (s) through the filing of a UCC - 3 form.

Once a tax debt becomes a lien on any of your real or personal property, it is a secured debt and can not be discharged.

If a significant amount of money is owed to CRA for an extended period of time, CRA may put a lien on your home to secure their debt.

The term «secured debt» applies when you give the lender a mortgage, deed of trust or lien on property as collateral for a loan.

Any person who performs or furnishes labor or professional design or surveying services or furnishes materials or furnishes rental equipment pursuant to a contract, either express or implied, with the owner of real property for the making of an improvement thereon shall, upon complying with the provisions of this Article, have a right to file a claim of lien on real property on the real property to secure payment of all debts owing for labor done or professional design or surveying services or material furnished or equipment rented pursuant to the contract.

The loan is secured by a lien on the home, but no assets other than the home may be used to repay the debt.

M360 Advisors («M360») is a U.S. - based investment management company that manages diversified portfolios of senior debt investments secured by first - priority liens on income - producing commercial real estate throughout the United States.