Sentences with phrase «portion of your debt over»

Under Chapter 13, debtors agree to pay back a portion of their debt over a period of 3 to 5 years.

In this type of bankruptcy, generally the courts allow you to repay a portion of your debt over three to five years, and the remaining debt is discharged.

Chapter 13 bankruptcy allows wage earners to repay a portion of the their debt over three to five years.

Unfortunately, bankruptcy law changes have made it more difficult to file Chapter 7, and many debtors will now be required to file Chapter 13 and repay a portion of their debt over a 3 or 5 year repayment plan.

If you're unwilling or unable to turn over the keys to the Chapter 7 trustee, consider Chapter 13 as a way to retain your property and pay back a portion of your debts over time.

If the majority of your creditors agree, you'll then repay a portion of your debt over period of time.

Consumer Proposals are an offer to your creditors to repay a portion of your debt over a maximum of five years.

Many big and small companies opt to pay a portion of the debt over a set number of years.

Many debts can actually be reduced, enabling you to pay back a portion of those debts over time, instead of the entire amount owed.

For our Chapter 7 clients, your debts can be discharged in a few short months from filing, while Chapter 13 clients will be able to repay a portion of their debt over a 3 to 5 year repayment period.

The plan can be designed to pay all or a portion of your debts over 3 to 5 years, depending on the amount of your disposable income.

Chapter 13 bankruptcy is designed to help individuals with a regular income repay a portion of their debts over a period of time — typically three to five years.

Not exact matches

Energy companies have made up a good portion of debt issued in the high yield market over the past few years.

ROBS allow entrepreneurs to roll over a portion of their IRA or 401 (k) into launching a business, debt - and tax - penalty free.

Ultimately, it might look more like a balloon slowly deflating, if a large portion of college graduates decide to strategically default on their debt over time.

«NNPC claimed that we owe N11 billion but failed to reveal that they owe us N16 billion with a key portion of the debt spanning over two years,» Ubah said.

However, part of the challenge for a place like Illinois, because we have so much debt, is that an unbelievably large portion of our liability is associated with workers and retirees who are over the age of 60.

(1) Average Total Assets minus Current Liabilities (excluding current portion of Long Term Debt) over five quarter ends.

And, because you repay a portion of what you owe over a period of up to 5 years, a consumer proposal is often the lowest cost option to consolidating debt, resulting in lower monthly payments than either debt consolidation or a debt management plan through a credit counsellor.

In this case, all parties are interested in because it will allow you to pay a portion of the debt or all the debt over a specified period.

If you select this debt relief restructuring option, Westgeest & Associates will work with you to develop a plan, a proposition, proposal: an offer to pay your creditors a portion of what they are owed, including any other term (s), condition (s) required to see, foster the proposal to completion over a period extending up to five (5) years, and present, negotiate and administer the plan with your creditors.

A consumer proposal is a way of protecting what you own and paying back a portion of your debts, usually over a 4 or 5 year period.

The portion of your loan payment allocated to debt protection is greater at the beginning of the loan and decreases over time.

Under bankruptcy law, debtors who owe more money than they can afford can either eliminate some (or all) of their debts or work out a payment plan to pay a portion (or all) of their debts over time.

Under Chapter 13, an individual repays at least a small portion of his or her debt over a period of time, usually between three to five years.

I know people who are over a hundred thousand dollars in debt to the government for their education, and the «discretionary» portion of their six - figure salary isn't going much of anywhere else but the government for the next ten years.

Consumer Proposal: a consumer proposal is an arrangement you make with your unsecured creditors to repay a portion of you debt usually through monthly payments over a period of up to 5 years.

A chapter 13 bankruptcy is a reorganization plan that allows a debtor to take what disposable monthly income he has to pay back all or a portion of his or her debts over a period of either 3 or 5 years.

A chapter 13 bankruptcy is a reorganization type bankruptcy for individuals designed to pay back all or a portion of unsecured debts over a 3 or 5 year plan.

Also, each country will initially have ample guaranteed debt capacity for refinancing, and over time an increasing portion of debt will become guaranteed.

With our nation's outstanding student loan debt now over $ 1.4 trillion, lawmakers are looking for new ways to combat the growing problem, including giving employers tax breaks for paying down a portion of their workers» student loan debt.

You pay back only a portion of your debts, and it's over a set period of time (but no longer than five years).

All parties are interested in debt settlement because it will allow you to pay a portion of the debt or all the debts over a specified period.

Less severe than personal bankruptcy, a proposal is an offer to all of an individual's creditors to pay a portion of debt under a strict plan over a maximum of five years.

Chapter 13 is designed for individuals with regular income to repay a portion or all of their debt over an extended period of time.

He also devotes a large portion of his practice to debt restructuring, and has managed over $ 2.5 billion in federal, state and out - of - court proceedings.

And mortgage companies may be reluctant to lend long term on the tax debt portion of a mortgage, even though H.R. 2001 says tax payments can be spread over 30 years, NAR analysts note.

Even the smallest tax refund can help pay a portion of outstanding debt, like a mortgage, car payment, credit card balance or student loan, giving your principal power over high interest.