Sentences with phrase «option under the bankruptcy»

A consumer proposal is an option under the Bankruptcy and Insolvency Act to settle your debts for less than you owe and still receive the creditor protection only available through a Licensed Insolvency Trustee.

If you can not access the options under the Bankruptcy Act, then you have a few choices.

A consumer proposal is an option under the Bankruptcy and Insolvency Act to make a deal with your creditors to settle your debts for less than you owe.

As a legal option under the Bankruptcy & Insolvency Act you get protection from creditor actions during the proposal process.

I have seen and heard many misstatements about the means test recently as more people research their options under bankruptcy.

know that you have rights and options under the bankruptcy code.

Not exact matches

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

While student loan borrowers may think bankruptcy is an answer to getting out from under the weight of federal or private student loans, rarely is bankruptcy an option to discharge student loan balances.

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).

Rep. Ron Sandack, R - Downers Grove, acknowledged that's a possibility under the bankruptcy option.

Licensed bankruptcy trustee Doug Hoyes, talks about why a consumer proposal is better than bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act bankruptcy trustee Doug Hoyes, talks about why a consumer proposal is better than bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act bankruptcy including what the key differences are between these two options available under the Bankruptcy and Insolvency Act Bankruptcy and Insolvency Act in Canada.

If your debts are ones that can't be discharged under a Chapter 7 bankruptcy — such as alimony and student loans — then Chapter 13 may be the only option left.

If most of your onerous debts are ones that can't be cancelled under a Chapter 7 bankruptcy, then Chapter 13 may be the only option left.

A consumer proposal is a formal debt settlement option available in Canada under the Bankruptcy and Insolvency Act and filed with a Licensed Insolvency Trustee.

Student debt relief under the Bankruptcy & Insolvency Act (BIA) is not an option for recent graduates due to legislative rules governing student debt.

While student loan borrowers may think bankruptcy is an answer to getting out from under the weight of federal or private student loans, rarely is bankruptcy an option to discharge student loan balances.

Bankruptcy (or a consumer proposal) is not for everyone, but for 1 in 6 Canadians a procedure under the BIA is the legal option of choice when dealing with debt.

The more I research and study the reality of dealing with student loans through bankruptcy the more I am under the opinion the data does not support the assumptions many have that no good options are available...

If your unsecured debts exceed this amount, talk to us about a Division I proposal which is also an option available to consumers under the Bankruptcy & Insolvency Act.

If a family came under severe in financial consequences normally the only option was to file for personal bankruptcy.

Under Chapter 13 bankruptcy, you have different payment options.

Under these circumstances, bankruptcy is a viable option and can provide this future.

Bankruptcy is an extreme option and shouldn't be a consideration unless you are under extreme circumstances.

Also, if you would need to use assets to pay off your debts that would otherwise be protected under a bankruptcy filing, such as the equity in your home or the money in your retirement account, bankruptcy may be your best option.

If you satisfy the five - year waiting period then, you have the option of making an application before a judge in Bankruptcy Court, and the judge has the discretion to grant a «court - ordered discharge» under a «hardship provision».

Even for individuals who must file under Chapter 13, bankruptcy is still a better option to rid of credit card debt compared to refinancing your mortgage.

Bankruptcy gives the borrower the option of surrendering the property back to the bank with no continuing obligation under the mortgage and no corresponding tax liability for the forgiveness of debt (usually a taxable event).

If you're ready to explore your debt relief options under U.S. Bankruptcy Law, you connect speak with a local Sacramento bankruptcy lawyer and learn whether filing bankruptcy may be righBankruptcy Law, you connect speak with a local Sacramento bankruptcy lawyer and learn whether filing bankruptcy may be righbankruptcy lawyer and learn whether filing bankruptcy may be righbankruptcy may be right for you.

If you wish to terminate unsecured debt like credit cards, payday loans, some personal loans, utility and medical debt, filing bankruptcy under Chapter 7 may be an option for you to pursue.

Under Chapter 7, the bankruptcy court has the option to sell some of a person's belongings to cover their debt.

Anyone facing foreclosure can take advantage of speaking with an attorney about their options, including filing for bankruptcy under Chapter 13 of the U.S. Bankruptcy Code to halt the foreclosurbankruptcy under Chapter 13 of the U.S. Bankruptcy Code to halt the foreclosurBankruptcy Code to halt the foreclosure process.