Sentences with phrase «order against all creditors»

This is essentially a restraining order against all creditors.

Not exact matches

You must receive notice of a creditor lawsuit in order for a judgment to be entered against you.

With most debts, the creditor has to go to court and secure a judgment against your spouse first, then apply for a court order.

The best thing about a Chapter 13 is that it helps avoid filing for Chapter 7 bankruptcy.By extending the length of time you will take to pay off your debts, your monthly payments will be smaller making it easier for you to get out of debt.Chapter 13 also offers the convenience of consolidation because you only make one monthly payment to the trustee who will deal with all your creditors for you.Once you have filed the petition, the creditors are no longer allowed to take any action against you in order to collect their payments.

None of your creditors listed on the administration order can take further action against you if your administration order has finished, either because you paid it in full or paid the amount owed under the composition order.

In order for a creditor to force the sale of your primary residence, they must have a judgment against you and your home must have equity.

The creditor can apply for a charging order against your home (if it is mortgaged), even if you are up to date with the payments that the court ordered you to make.

A debt relief order (DRO) is a cheaper alternative to bankruptcy, which stops most creditors from taking further action against you.

The discharge is a court order that permanently enjoins creditors from taking any action against the debtor to collect on a debt owed by the debtor to the creditor.

Your creditors can't take any further action against you if you have an administration order, as long as you keep up the monthly payments.

One or several of the corporation's creditors obtains a Bankruptcy Order against the corporation.

In Indiana, bankruptcy provides offers debtors a fresh start because bankruptcy protects consumers against lawsuit from creditors because filing your bankruptcy petition results in an automatic court order called an «automatic stay.»

Insolvency deposits go up by 16.5 % for petitions presented after 31 May 2011 (Insolvency Proceedings (Fees)(Amendment) Order 2011 (SI 2011/1167)-RRB--- # 700 instead of # 600 on a creditor's bankruptcy petition, # 525 as against # 450 on a debtor's bankruptcy petition and # 1,165 in place of # 1,000 on a wind...

In September 2011, H was made bankrupt and his trustee in bankruptcy issued an application challenging (inter alia) the trust deed and the consent order on the basis that these constituted transactions defrauding creditors (s 423 of IA) or a transaction at an undervalue against s 339.

The automatic stay is a court order that freezes lawsuits, claims against your property and collections by creditor while your financial situation is sorted out.

Thorpe LJ then referred to the balance between protecting the creditors against collusive orders in ancillary relief and protection orders justly made at arm's length for the protection of one of the spouses and the children of the family.

She frequently represents insolvency practitioners, companies and creditors in matters including applications for administration orders, contentious winding up proceedings, and claims against office - holders.

A judgment lien is a court ordered claim against real property, usually after a creditor has sued and obtained a judgment in the case.

Re New Paragon Investments Ltd: [2012] BCC 371 Obtained an order recognising a creditors» voluntary liquidation under the law of Hong Kong as foreign main proceedings for the purposes of the Cross-Border Insolvency Regulations 2006 and a declaration that there was an automatic stay of proceedings against the debtor, including arbitrations.

Generally speaking, once a foreign judgment is recognised and enforced, the creditor may request a seizure order against all the assets of the debtor and the court will hold auctions to sell those assets to satisfy the debtor's rights in relation to monetary compensation.

Likewise, if the Court makes an equalization order or judgment directing payment, if there are no assets within Alberta to execute against, what is the next step for the creditor?

If the creditor refuses to withdraw and a successful application is the made to set aside the demand, a hefty costs order will usually be made against the creditor.

[10] This Court has no jurisdiction to suspend the precedential value of Grant Thornton Ltd. v. Alberta Energy Regulator and introduce another legal regime — the one in place before Chief Justice Wittmann released his judgment — for the governance of other bankrupts, receivers and trustees in bankruptcy and secured creditors for a period commencing with the date of pronouncement of any stay order and ending with the date the Supreme Court of Canada either resolves an appeal against this Court's judgment or dismisses the applicants» leave - to - appeal application.

The enforcement of a charging order by normal means is not barred by s 20 (1) of the Limitation Act 1980 and, unlike the position under a legal mortgage, the creditor's rights are not barred after 12 years, because the holder of a charging order does not have a right to possession such that time can run against it under s 15, and extinction of title can not therefore occur under s 17.

As a result of an application under the Companies» Creditors Arrangement Act (Canada), a court made an order on or before December 31, 2015 staying all proceedings taken against the employer.

The only recourse in GA for personal creditors in regards to an LLC, is a charging order against debtors share of distributions from LLC.

From a common law perspective, those states that have a charging order as the exclusive remedy against businesses generally allow for more protection against Creditors.

Whether or not the single member LLC will be respected against a judgment creditor will be a matter of state law, there are several states that offer a charging order as the sole remedy even if the LLC is a single member LLC.

(i) an application for a bankruptcy filed against the licensee business, (ii) an assignment in bankruptcy made by the licensee business, (iii) a bankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act;

(i) an application for a bankruptcy order filed against the licensee, (ii) an assignment in bankruptcy made by the licensee, (iii) a bankruptcy order made against the licensee, (iv) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act;

(A) an application for a bankruptcy order filed against the business, (B) an assignment in bankruptcy made by the business, (C) a bankruptcy order made against the business, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act; or

(A) an application for a bankruptcy order filed against the applicant, (B) an assignment in bankruptcy made by the applicant, (C) a bankruptcy order made against the applicant, (D) a proposal made under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (E) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act; or

(i) an application for a bankruptcy order filed against the licensee business, (ii) an assignment in bankruptcy made by the licensee business, (iii) a bankruptcy order made against the licensee business, (iv) a proposal under Division I of Part III, or a consumer proposal made under Division II of Part III, of the Bankruptcy and Insolvency Act, or (v) an insolvency proceeding, including a receivership or an arrangement under the Companies» Creditors Arrangement Act;