Sentences with phrase «parents as creditors»
Once the proposal is completed, you will no longer be legally liable for these debts (There are some exceptions) this will include the legal liability to your parents as creditors.
https://www.bankruptcy-canada.ca/ Not exact matches
Let suppose Zeeshan situation hasnt changed, still not getting sufficient income from his parent, that wouldnt stop a creditor filing a summonsand most likely will win a lawsuit to place a judgement, which will remain on the credit report for more than 7 years as well?
If you wish to file a proposal at that point your parents, as creditors, would be entitled to a proportionate share of the distribution.
Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mortgage.
The law in this area is far from clear and there tends to be an element of something going beyond mere non-payment, such as effort to hide assets such as in Parent, however, the law does seem to have evolved to provide that a court may direct payment of funds — in contrast to simply directing a judgment — and if the creditor can establish the debtor was aware of the order, had the ability to comply and refused, it would appear that Rule 10.52 (3) will not prevent a Court from jailing the party in default.
Creditor explains the importance of the safety features saying, «As a new parent myself, I know that parents want their teens to learn in a safe environment and learn how to be safe.