Sentences with phrase «other dischargeable debts»

You might need the bankruptcy to protect yourself from the deficiency, clean up your credit, and get rid of other dischargeable debts.

Not exact matches

The bankruptcy fully discharges the shortfall as a (now) unsecured debt, just like all other debts dischargeable in bankruptcy: credit cards, unsecured lines of credit, income tax arrears, older student loans, etc..

Unlike any other consumer debt, they are not dischargeable through the normal bankruptcy process.

The other major impact of this ruling is that license plate renewals can not be withheld over an unpaid 407ETR debt if you are a discharged debtor because all 407ETR debts are dischargeable under a bankruptcy proceeding or consumer proposal.

Some other types of debts are dischargeable in some circumstances, but not others.

In 1997, a federal panel appointed by President Clinton recommended that Congress reverse all the changes, and once again make student loans dischargeable in bankruptcy court like other forms of consumer debt.

A small claims or money judgment is no different from any other general unsecured debt and it is typically dischargeable.

Student debt is not dischargeable in bankruptcy like other types of debt; thus, delinquent or defaulted student loans can stagnate on borrowers» credit reports, creating an ever - increasing pool of delinquent debt.

While the CRA does have significant collection powers compared to other creditors when it comes to a consumer proposal or personal bankruptcy, taxes are generally dischargeable debts (i.e. they go away upon completion of the procedure) just like your credit card debts, bank loans, or other unsecured debts.

I believe that private student loans should be dischargeable to the same extent as other unsecured debt.