Sentences with phrase «plan under chapter»

In simple terms: if your income is too high, you will probably be required to file a 5 year repayment plan under Chapter 13.

(II) any additional payments to secured creditors necessary for the debtor, in filing a plan under chapter 13 of this title, to maintain possession of the debtor's primary residence, motor vehicle, or other property necessary for the support of the debtor and the debtor's dependents, that serves as collateral for secured debts;

Not exact matches

May 1 (Reuters)- Gibson Brands Inc, the maker of guitars played by the likes of B.B. King and Elvis Presley, filed for Chapter 11 bankruptcy protection on Tuesday with a plan to reorganize its musical instrument business under the new ownership of its lenders.

Aéropostale plans to reorganize under a Chapter 11 filing this week ahead of May rent payments, the Journal reported, citing sources.

May 1 - Gibson Brands Inc, the maker of guitars played by the likes of B.B. King and Elvis Presley, filed for Chapter 11 bankruptcy protection on Tuesday with a plan to reorganize its musical instrument business under the new ownership of its lenders.

The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection with the Company's filing of voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.

A headline in The Record newspaper in Stockton, Cailf., tells the story of the city's plan for operating under Chapter 9 bankruptcy protection following failed talks with bondholders and labor unions.

Washington — State officials who oversee programs funded by Chapter 2 education block grants appear to disagree over whether master - teacher plans and other pay - incentive schemes are allowable expenses under that statute.

(a) Each school district's strategic plan developed under Chapter 4 (relating to academic standards and assessments) shall include procedures for the education of all gifted students enrolled in the district.

The commissioner shall also collect data on the number of students enrolled in each charter school who have individual education plans pursuant to chapter 71B and those requiring English language learners programs under chapter 71A.

Chapter 11, Subchapters A, C, D School District Governance, Powers and Duties), and E, (Superintendents and Principals), except that a district may be exempt from the TEC, Section 11.1511 (b)(5)(requirement for board of trustees to adopt policy establishing district - and - campus - level planning and decision - making process required under TEC Section 11.251) and (14)(requirement for board of trustees to make decisions regarding termination and nonrenewal of contract employees) and Section 11.162 (School Uniforms);

(3) INCLUSION IN TRANSPORTATION PLANS AND PROGRAMS. - A project shall satisfy the applicable planning and programming requirements of sections 134 and 135 at such time as an agreement to make available a Federal credit instrument is entered into under this chapter.»

If a metropolitan transportation planning process of a metropolitan planning organization is not certified under paragraph (1), the Secretary may withhold up to 20 percent of the funds attributable to the metropolitan planning area of the metropolitan planning organization for projects funded under this title and chapter 53 of title 49.

The Secretary shall create and implement a national public transportation safety plan to improve the safety of all public transportation systems that receive funding under this chapter.

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Chapter 11 Bankruptcy — It's expensive, it's a long and hard process but unlike Chapter 7 and Chapter 13, a judge can order a mortgage modification under a Chapter 11 bankruptcy plan.

And, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or security lien on it.

Also you know that unless you have a plan that is approved to catch up on your debt under a Chapter Thirteen, then the bankruptcy will not usually allow you to keep property when your creditor has an unpaid security lien or mortgage on it.

The Chapter 13 program results in a more realistic repayment plan than the short term plans currently offered by most lender outside of the laws under Title 11, and you maintain all your rights under TILA, RESPA, HOEPA, FDCPA, FCRA, etc..

In situations where a borrower is underwater on their mortgage, the amount of the debt that exceeds their property value is treated under the Bankruptcy Code as unsecured, often paid at much less than 100 % under the terms of a chapter 13 plan.

But interest and late fees that have accrued on delinquent accounts are often waived under Chapter 13 plans.

Under Chapter 13, you'll work with the Trustee to create a payment plan for your debts.

Under funding in a chapter 13 bankruptcy plan is more common than one might think.

Under Chapter 13 Bankruptcy the debtor creates a 3 to 5 year debt bankruptcy repayment plan to repay creditors; payment amounts are based on a strict expense - to - income formula.

For Chapter 13 Bankruptcy, vehicles may be kept as long as the debtor makes the necessary payments under their bankruptcy payment plan.

Under Chapter 13, however, you'll be responsible for completing a three - to five - year payment plan to partially repay your debts.

Under Chapter 13, you'll be given the span of your repayment plan to repay these «priority» tax debts.

One of Chapter 13's most attractive features is the chance to keep your home as long as you can pay the mortgage under a settlement plan.

By filing under this chapter, you get the option to reorganize your payment plans and reschedule secured debts.

Under a chapter 13 plan, the amount you owe in past due mortgage payments will be broken up and paid to the bank in manageable monthly amounts.

In simple Chapter 7 bankruptcies, which are resolved quickly, a bankruptcy attorney's fees are often under $ 1,500 and many bankruptcy attorneys offer payment plans.

Under Chapter 11 bankruptcy the business is allowed to reorganize their business and create a repayment plan, although the business becomes what is termed a «debtor in possession» keeping ownership of the business and maintaining control of their day to day business operations.

There are certain assets that can be protected and other assets that you may not be allowed to keep under a Chapter 7 bankruptcy plan.

If you are in financial distress, and can not meet your debt obligations temporarily; but has a regular income, to possibly pay your loans under a more lenient payment plan; then, Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code is ideal for you to pursue.

Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or security lien on it.

If your income exceeds the state medium you can be forced to file under Chapter 13 (a repayment program) and not Chapter 7 (a discharge and forgiveness plan).

(B) a loan from a thrift savings plan permitted under subchapter III of chapter 84 of title 5, that satisfies the requirements of section 8433 (g) of such title;

whether the consumer credit transaction or other transaction is made under the provisions of the National Housing Act, or where the creditor is exempt from licensing under this chapter, (ii) where the credit transaction is not a consumer transaction, (iii) where the credit transaction is by a trust institution as defined in Section 5 - 12A - 1 (1), in its capacity as a fiduciary under any plan or agreement qualified under 26 USC 401 (a) or defined by 5 USC 8437, 26 USC 403 (b), or 26 USC 457, or a trust exempt under 26 USC 501, or (iv) to any municipal pension system created under the laws of the State of Alabama.

Upon your final payment under your Chapter 13 repayment plan, you will receive your formal discharge notice from the court.

Under the old rules, people who filed under Chapter 13 had to devote all of their disposable income (what they had left after paying their actual living expenses) to their repayment Under the old rules, people who filed under Chapter 13 had to devote all of their disposable income (what they had left after paying their actual living expenses) to their repayment under Chapter 13 had to devote all of their disposable income (what they had left after paying their actual living expenses) to their repayment plan.

Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.

Under Chapter 13, filers are put in a repayment plan rather than having many of their debts discharged.

However, in a Chapter 13 case, the debtor must complete all of their payments under the Chapter 13 plan before a discharge is granted.

In a move to force more debtors into a Chapter 13 Wage Earner repayment plan, instead of allowing for a straight liquidation bankruptcy under Chapter 7, the trustee or any creditor can bring a motion to dismiss a Chapter 7 application if the debtor's income is greater than the state median income.

Therefore, the clerk of court will issue a discharge in a Chapter 13 as soon as practicable after the trustee notifies the court that the debtor completed all payments under your plan, which may span 3 - 5 years.

Under Chapter 11 Bankruptcy, the debtor has the right to file a plan of reorganization within 120 days after the order for relief.

(Under current law the owner of an unincorporated business can also file a Chapter 13 Wage Earner Plan).

Although a chapter 13 debtor generally receives a discharge only after completing all payments required by the court - approved (i.e., «confirmed») repayment plan, there are some limited circumstances under which the debtor may request the court to grant a «hardship discharge» even though the debtor has failed to complete plan payments.

Note: Additional chapters, including Chapter 12: Rental Income of Persons, are planned or under development.

Under chapter 13, you have protection against foreclosure on your home by your lender as long as you meet the terms of the plan.