Sentences with phrase «process under the bankruptcy»

Bankruptcy is a legal process under the Bankruptcy and Insolvency Act to eliminate overwhelming debt.

A legal process under the Bankruptcy and Insolvency Act, bankruptcy will stop collection calls and wage garnishments.

Personal bankruptcy is a legal process under the Bankruptcy and Insolvency Act to allow someone who is struggling financially with overwhelming debt to eliminate that debt and start over.

A consumer proposal is a formal debt settlement process under the Bankruptcy and Insolvency Act which means it provides you with the benefit of a stay of proceedings that stops most garnishments.

Not exact matches

Under the legislation, failing financial firms would be forced to go through the bankruptcy process rather than the «orderly liquidation process» run by regulators under Dodd - FUnder the legislation, failing financial firms would be forced to go through the bankruptcy process rather than the «orderly liquidation process» run by regulators under Dodd - Funder Dodd - Frank.

And unlike Detroit, which was able to file under Chapter 9 of the U.S. bankruptcy code, there's no court process under which Puerto Rico can restructure its debts — unless Congress changes the law.

«(b) AUTHORITY - Each United States district court shall authorize, by local rule adopted under section 2071 (a), the use of alternative dispute resolution processes in all civil actions, including adversary proceedings in bankruptcy, in accordance with this chapter, except that the use of arbitration may be authorized only as provided in section 654.

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 bankruBankruptcy — 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 bankruptcybankruptcy plan.

Bankruptcy is a process that allows an individual or business to eliminate or repay a portion of their debt, or at times all of their debt, under the protection of the United States federal bankrupBankruptcy is a process that allows an individual or business to eliminate or repay a portion of their debt, or at times all of their debt, under the protection of the United States federal bankruptcybankruptcy court.

Additionally, if the bankruptcy court finds that ITT violated its former students» rights under consumer protection or contract law, that could help make students eligible for federal student loan discharge through the borrower defense to repayment process.

The legal process where an individual or business resident in Canada files for protection from their creditors under the Bankruptcy and Insolvency Act.

Your debt collectors are barred from: calling or texting you, sending you collection letters and emails, repossessing your car, garnishing your wages, and suing you while you are under the protection of your bankruptcy process under Section 362 of the Bankrubankruptcy process under Section 362 of the BankruptcyBankruptcy Code.

The Official Receiver, among other things, accepts the documents that are filed in proposals to creditors and personal bankruptcy processes, examines bankrupts under oath and chairs meetings of creditors.

If the Bankruptcy process goes smoothly, you will receive a discharge, legally releasing you from all debts covered under your Bankruptcy.

At the end of the bankruptcy process — which can take four months to five years, depending on which chapter you file under — you will receive a bankruptcy discharge which effectively eliminates many debts.

Once you have completed the process of Filing Bankruptcy in Roseville and have been granted your discharge you may be under the impression your work is done and for the most part this is true.

The right of any person to any future payment under this title shall not be transferable or assignable, at law or in equity, and none of the moneys paid or payable or rights existing under this title shall be subject to execution, levy, attachment, garnishment, or other legal process, or to the operation of any bankruptcy or insolvency law.

Under the Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is Bankruptcy & Insolvency Act, the federal legislation that governs the bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy process, when you declare personal bankruptcy a Licensed Insolvency Trustee is bankruptcy a Licensed Insolvency Trustee is appointed.

Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankrupBankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcybankruptcy court.

As a legal option under the Bankruptcy & Insolvency Act you get protection from creditor actions during the proposal process.

If you go bankrupt under the MAP rules, see the section Minimal asset process (MAP) bankruptcy.

Filing for bankruptcy under Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they might otherwise lose through the Chapter 7 bankruptcy process.

Chapter 7 of Title 11 of the United States Bankruptcy Code governs the process of liquidation under the U.S. Bankruptcy Laws.

Under this protection, provided by the automatic stay, you can take advantage of tools and aid unique to the bankruptcy process.

With offices throughout North Texas and North Texas, our bankruptcy lawyers will guide you through the bankruptcy process, ensure your interests are fully protected, and help you maximize your benefits and protections under the bankruptcy laws.

Whether filing bankruptcy under Chapter 7 or Chapter 13 or going with another alternative outside the bankruptcy process is the best fit depends upon the debtor, the circumstances, the amount and nature of the debt, current income and a variety of other factors.

Not only can it speed up the process, but having this information available when you consult will allow a bankruptcy lawyer to advise you more specifically on the type of filing that's best for you under your particular circumstances.

Anyone facing foreclosure can take advantage of speaking with an attorney about their options, including filing for bankruptcy under Chapter 13 of the U.S. Bankruptcy Code to halt the foreclosurbankruptcy under Chapter 13 of the U.S. Bankruptcy Code to halt the foreclosurBankruptcy Code to halt the foreclosure process.

In the event of a counterparty bankruptcy, our team is experienced at guiding clients through each step of the process for terminating and valuing the settlement payments under such contracts.

Guzmán Ariza is representing PAWA in the first major bankruptcy / restructuring proceeding in the Dominican Republic under the new Mercantile Restructuring Law 141 - 15, a process which will involve hundreds of national and international creditors.

To facilitate the sale process and provide for orderly distributions to creditors, Fisker Automotive has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code.