Not exact matches
If one co-borrower declares bankruptcy, the other is usually afforded equal
protection, meaning the other will likely not
owe money on the debt.
Both are legal proceedings under the Bankruptcy and Insolvency Act of Canada that give you legal
protection from the people you
owe money to.
When a debtor files for bankruptcy
protection, they list all debts and creditors whom they
owe money to, including both secured and unsecured debts.
The Consumer Financial
Protection Bureau (CFPB) sounded the alarm about online loan services, filing a lawsuit against CashCall Inc., for collecting exorbitant amounts of
money the bureau says consumers didn't
owe.
Here's a debt scenario that presents a challenge — what do you do if you have equity in your home but are behind on mortgage payments,
owe other
money, are getting collection calls and need
protection?
The FDCPA offers remedies and
protections for consumers that can be applied to any debt that is in dispute, including any personal, family, or household debts, debts associated with the an automobile purchase, for retail financing, for medical care, for first and second mortgages, and / or for
money owed on credit card accounts.
There are a number of legal
protections for paying back
money owed to creditors and also
protection from illicit debt - collection practices.
So, in 99 % of the cases when someone comes in to file a consumer proposal with us, we will come up with a deal that is acceptable both to you, the person who
owes the
money, and the people you
owe the
money to, and your getting legal
protection.
Administration gives companies legal
protection from being sued by the people they
owe money or product to and protects them from being liquidated.
A GAP, or Guaranteed Asset
Protection, car insurance policy covers the difference in the amount an insurance company will pay for a totaled vehicle and the amount of
money that a consumer still
owes on his / her car loan.