Sentences with phrase «prohibited by bankruptcy»
Section 526 (a)(4), as written, prevents attorneys from fulfilling their duty to clients to give them appropriate and beneficial advice not otherwise prohibited by the Bankruptcy Code or other applicable law.
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Collection Efforts Prohibited by Bankruptcy Discharge Once you file for bankruptcy and receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period.
Payments to insiders are called preference payments and they're prohibited by bankruptcy law.
Not exact matches
However, a recent case from Wisconsin reminds us that even the mighty IRS is prohibited from contacting a debtor who has discharged taxes by filing for bankruptcy.
By contrast, the moment you file for Chapter 7 bankruptcy or Chapter 13, your creditors are generally prohibited, by law, from taking any legal actions against yoBy contrast, the moment you file for Chapter 7 bankruptcy or Chapter 13, your creditors are generally prohibited, by law, from taking any legal actions against yoby law, from taking any legal actions against you.
«Forcing a debtor into bankruptcy as a means of trying to collect on a debt is prohibited by federal law,» said Brandon bankruptcy lawyer O. Reginald Osenton.
In most cases, when a person files Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay order, which prohibits any further collection action by creditors.