Sentences with phrase «on bankruptcy exemptions»

For more information on bankruptcy exemptions, contact a local bankruptcy attorney.

For more details on bankruptcy exemptions in your province and for answers to your other questions about bankruptcy and consumer proposals, please contact our personal Licensed Insolvency Trustee in your area and arrange for an initial consultation, free of charge.

Not exact matches

There's a proposal afoot in Washington to set a national limit of $ 125,000 on the homestead exemption in bankruptcy.

This paper examines the effect of bankruptcy exemptions on consumption smoothing.

The purpose of such exemptions is to permit debtors in bankruptcy to retain a modest amount of personal property and equity in their homes so that they can continue to maintain their lives, and to protect them from becoming homeless, unemployed, or otherwise dependent on the State.

Finally, you can't be a debtor in a Chapter 11 bankruptcy, and you can't have received advance payments of the premium tax credit for yourself, your spouse, or anyone you signed up for health insurance coverage who isn't being claimed as a personal exemption on someone else's tax return.

You can have nice things and file bankruptcy, and even keep your nice things, depending on two things: equity and exemptions.

If you have less than $ 22,975 (using federal exemptions) or $ 75,000 (using Wisconsin exemptions) of equity in your home (value of the house — amount owed on all mortgages = equity), and are current on your mortgage payments, you can usually continue to make your mortgage payments and keep your house in a Chapter 7 bankruptcy.

For more information read our main site blog on the topic of home equity exemptions in bankruptcy in Ontario.

These laws are known as exemption laws and they can have a big impact on your bankruptcy case.

He or she will be able to assess your financial situation, guide you through the bankruptcy exemptions applicable to where you live and what types of debt you have, and advise you on whether to choose to file for Chapter 7 or Chapter 13 bankruptcy protection.

It is important to consult with a knowledgable bankruptcy attorney in order to determine the effect that your state's exemption laws will have on you and your property.

When searching for residency exemptions, I mainly came across bankruptcy homestead exemption and exemptions on property taxes for seniors.

When an owner files for bankruptcy, he or she is allowed to keep the homestead exemption in full, and depending on what type of bankruptcy filed, any unsecured debt like the attachment of a lien through judgment may be rendered non-collectable by the bankruptcy court.

Which exemptions you use in your bankruptcy vary depending on where you live and where you have lived for the past 3 years.

However, you may surrender your home during bankruptcy to pay back your debts, depending on your state's exemption laws and how much equity you have in your home.

On top of that, the property the creditor has targeted to seize may have state or federal exemptions protecting the asset in a bankruptcy case.

The exemption limit varies based on state laws, but some states allow you to use a federal bankruptcy exemption list.

Depending on the exemptions available to you, you may be able to retain all of your assets in a Chapter 7 bankruptcy.

It is childs play to enhance debtors rights in bankruptcy by allowing judges to reduce debt on primary residences (after all, other types of debt can be restructured, including corporate debt), by increasing exemptions to, say the generous levels provided in Florida, and let FNM and FRE go belly up.

For information on individual bankruptcy exemptions in your province read our article on what you can keep when you go bankrupt.

These bankruptcy rules focus on personal bankruptcy exemptions.

Although judgment liens that impair an exemption can usually be avoided (removed) by motion in a bankruptcy case, Courts are split as to whether a deficiency judgment that results in a lien on real estate can be removed through bankruptcy.

Depending on the assets that you have, the bankruptcy exemptions may only protect a portion of the tax refunds; therefore, you will lose the portion that is not protected by the exemption.

With certain exceptions, known as bankruptcy exemptions, all of the property and rights to property owned by the insolvent on the effective date of the bankruptcy vests in the trustee for the creditors.

Depending on where you file, your bankruptcy attorney will advise you which exemptions (your state or the federal) are most advantageous to your individual situation.

If you are considering filing Chapter 7 bankruptcy, it is important that you have a firm understanding on the property exemptions and how they will affect you.

The firm also has represented clients in bankruptcy matters on appeal, including most recently in the United States Supreme Court in Clark v. Rameker, which involves the question of whether inherited individual retirement accounts qualify for exemption from an individual's bankruptcy estate.