Sentences with phrase «of federal bankruptcy law»

Michael P. Cooley has a comprehensive practice centered on matters of federal bankruptcy law, business reorganization and liquidation, and creditors» rights in bankruptcy cases and in out - of - court restructurings ranging in size from a few million dollars to several billion dollars.

Snyder's decision allowed Detroit Emergency Manager Kevyn Orr to make a filing under Chapter 9 of the federal bankruptcy law.

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 crisis.

Chapter 13 of the federal bankruptcy laws gives individuals the right to propose a plan to their creditors to repay their debts.

Not exact matches

Of a total federal inmate population of 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieveOf a total federal inmate population of 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieveof 156,238, prison authorities say only 1,021 fit the description — which includes everyone from insurance schemers to bankruptcy fraudsters, counterfeiters to election - law tamperers to postal thieves.

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

And beyond that, even if the group is able to negotiate deals with a majority of the creditors, it is expected that Puerto Rico will still need to seek federal support to give the island a way to restructure the bonds through Chapter 9 bankruptcy laws.

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.

Federal Judge Steven W. Rhodes gave the go - ahead to Detroit's historic bankruptcy filing, and dashed the hopes of city employees and retirees who hoped state law would protect their pensions.

The demand that federal law be amended to permit Puerto Rico to file a bankruptcy petition has a reasonable likelihood of happening and could be beneficial.

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).

When you file bankruptcy, federal law imposes an «automatic stay» which prohibits your creditors from taking any action (including phone calls) to collect debts from you including court judgments and tax debts during the pendency of the bankruptcy.

It's difficult to compare debt settlement or debt consolidation vs. bankruptcy, because many state and federal laws that apply to bankruptcy don't apply to the other two forms of debt relief.

Truth: Federal law makes it illegal for anyone to discriminate against you because of bankruptcy.

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.

There are several sections of federal laws that address the consequences of transferring property prior to filing bankruptcy.

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.

Individuals who face an overwhelming amount of consumer debt may have some recourse through bankruptcy protections made available through federal law.

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.

Bankruptcy law has not allowed the discharge of federal loans since 1978, which included student loans issued entirely by the federal government.

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).

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.

Bankruptcy trustees are familiar with both the federal and provincial laws concerning debt relief and can help you determine which of the many available options best suits your financial situation.

Filing a consumer proposal or bankruptcy creates an automatic «stay of proceedings» under federal law.

This arm of the Canadian federal government is responsible for licensing trustees and monitoring the administration of bankruptcy laws.

The Bankruptcy Code, which is codified as title 11 of the United States Code, is the uniform federal law that governs all bankrupBankruptcy Code, which is codified as title 11 of the United States Code, is the uniform federal law that governs all bankruptcybankruptcy cases.

«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.»

Doug Hoyes: That's always the way it works, and that's because bankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythbankruptcy is a legal process, it's governed by Federal law and the Office of the Superintendent of Bankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everythBankruptcy, which is a sub-section of Industry Canada, which is the Federal Government, they regulate everything we do.

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

If you file for personal bankruptcy more than five years after the date of the «end of your education» then you are entitled to bring an application before a court seeking a «court - ordered discharge» pursuant to a «hardship provision» under federal bankruptcy law

He has successfully litigated hundreds of claims against credit card companies that willfully violate the bankruptcy code as well as other state and federal laws designed to protect consumers.

What if there was a shady side of the law that allowed federal bankruptcy court trustees to hide things from you for up to a year before you found out you lost your assets to your creditors after filing for bankruptcy protection?

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.

Federal bankruptcy law does not allow the discharge of student loan debt unless the debtor can show «undue hardship.»

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 loan debt from discharge, unless a debtor can meet the difficult burden of demonstrating «undue hardship» to themselves and their defendants.

Regardless of whether you work for the government or a private employer, federal law prohibits employers from firing an employee solely because they have decided to seek bankruptcy protection.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created federal protection for IRA accounts that had previously been protected through many state laws.

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

The field of student loan law is relatively new, with attorneys incorporating not only a knowledge of federal regulations but also debt collection, credit reporting, and bankruptcy issues.

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.

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 him.