Sentences with phrase «of the debtor»

In general legal terms, a lien is the right to take and hold or sell the property of a debtor as security or payment for a debt or duty.

The primary duty of a debtor in bankruptcy is to disclose everything.

A debt consultant does the same work on behalf of a debtor.

Student loans, auto loans, credit cards and other bank debt may absorb another 10 percent of the debtor's income.

By federal law, a bankruptcy can remain part of a debtor's credit history for 10 years.

Firstly the assets of the debtor nation can be seized.

Getting a debt settled is a means to get some money out of the debtor.

As a society, we have come a long way since the days of debtor prisons and states.

A signed agreement by a buyer or borrower, permitting a creditor to collect a certain portion of the debtor's wages from an employer in the event of default.

Each creditor will differ in what they can offer in the debt negotiations but generally the outcome is in favor of the debtor.

Also, before you obtain a bankruptcy discharge you must complete a course of debtor education which teaches you how to handle consumer credit.

As you can see, the most common forms of debt that make up the majority of a debtor's overall balance can be quickly and easily eliminated with Chapter 7 bankruptcy.

As you can see, the fees for this type of debtor assistance can be quite high.

A list of the debtor's creditors, including the nature of the debt and the payment amount 3.

A trustee is a court appointed attorney who manages the property of the debtor for the principal benefit of the unsecured creditors.

Generally, a hardship discharge is available only to a debtor whose failure to complete plan payments is due to circumstances beyond the debtor's control and through no fault of the debtor.

The debtor's plan is a document outlining to the bankruptcy court how the debtor proposes to dispose of the claims of the debtor's creditors.

The name and address of the debtor has to be filled along with the amount of debt, duration it has been overdue for and period it is applicable for.

If you can't get a hold of the debtor or if he or she is unwilling to cooperate with you, you may want to draft a formal demand letter asking for payment.

Next week, I'll take a look at debts that can't be discharged due to the behavior and actions of the debtor.

In general, the means test begins with a calculation of the debtor's monthly gross income based on the last 6 full months.

You can reduce the balance of a debtor account.

Tax information, including a copy of the debtor's most recent federal tax return and a statement of any unpaid taxes.

The major difference between the two types is the income level of the debtor.

The Panel Trustee is required to be independent and works primarily for the benefit of the debtor's unsecured creditors.

As the courts have stated, it follows that a collective agreement can bind a successor employer who takes over the business of the debtor if the labour board so declares.

Debt transactions can also include security features tied to certain assets of a debtor providing an even greater level of security to creditors in the event of default or bankruptcy.

The outcome looks to have been a good one, from the point of view of debtor and creditor.

In many cases debt consolidation agencies have obtained up to a 65 % reduction of the debtor's outstanding loans and credit card balances.

The purpose is to permit the case trustee to ask questions of the debtor under oath.

After the meeting of creditors, the debtor, the chapter 12 trustee, and interested creditors will attend a hearing on confirmation of the debtor's chapter 12 repayment plan.

It depends on the status of the debtor's credit before the debt workout.

Different problems arise from the way it has been introduced, ranging from its extent to the differences depending on the nature of the debtor.

The amount being paid back depends of the debtor's income and other factors.

A debtor will also have to qualify to file Chapter 7 by taking the means test, which involves a comparison of the debtor's income against the state median.

This protection allows for the orderly administration of the debtor's case.

I have to interpret the information and create a paper trail of the debtor's footprints from the past to the present.

Though all suppliers are necessary for the proper functioning of a debtor's business, not all are critical.

In case of doubt, limitation or exclusion of liability clauses are generally interpreted in favour of the debtor.

It should be noted that some community property states do have educational loan exemptions, and some private lenders discharge student loans in the event of the debtor's death.

The loan administrator is responsible for handling all transactions of a debtor when the said debtor has taken a loan.

Key Highlights: • Successfully managed 700 - 750 accounts and collaborated with other departments to facilitate prompt resolutions of debtor.

A legal clinic sent letters on behalf of each debtor to the debt collector, stating that the amount of the reported debt was not accurate.

It's true your miles may be protected as exempt property and not considered property of the debtor, he says, based on how the certificate reads.

This increase is not necessarily careless or irresponsible spending on the part of the debtor.