Sentences with phrase «property and debt under»

The criteria for dividing marital property and debt under New Jersey law are similar to (but not exactly the same as) those criteria used to determine alimony.

In the 41 other states, the courts divide marital property and debt under the concept of equitable distribution.

Not exact matches

In most ancient near Eastern cultures, including Israel, unmarried women were considered the property of their fathers (or the male head - of - house), and under biblical law could either be sold into slavery to pay off debt or married for a bride price (Exodus 21:7, Nehemiah 5:5; Genesis 29:1 - 10).

just reading around and all if not most rags are saying our net spend is # 46 million how can they tell that when they do nt even know what our real budget is if it was # 100 million then we are in profit by quite a bit i do nt really know what they base there assumptions on this is where you could do with swiss ramble to dissect what really was spent from what i could see most of our 5 transfers were covered by out goings and c / l monies earned debuchy - vela deal, chambers - vermalen deal, ospina - cesc and miquel deals sanchez c / l monies and other monies recovered from wages and old installment based deals this is the same with welbeck i would imagine if not then poldolski will be sold in jan to cover this as i think he was going to be sold and this would have covered welbecks transfer more or less also and people do nt always realize that arsenal have money coming in from more than one source to cover transfers not just puma and emirates deals we have property arm of the club which makes money for transfers also outstanding debts we are owed of old transfers we receive each year on song cesc maybe van persie and all other structured deals in installment payments sales we just flogged miquel as an example and all the monies from released wages and youths sold its a bit to complex to just say we have a net spend of xyz when arsenal do nt even make the budget public so they have no starting point from which to go from i bet you we have broke even or even made a slight profit as we are self sustaining it would make sense that we can break even or at least make the net spend under # 10 million each year at least screw then all we are the arsenal we do thing our way

The Blair / Brown economic legacy was one of under - investment in key infrastructure, notably transport and energy; a continuing decline in manufacturing contributing to a structural balance of payments deficit; an accelerating regional economic divide; and a speculative property and construction boom financing public and private consumption through highly leveraged government and household debt.

If your lender has reduced or eradicated your debt under a short sale or mortgage restructure, it will send you IRS Form 1099 - C at the end of the year, showing the amount of the debt forgiven and the fair market value of the property.

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.

For Married Wisconsin applicants: you recognize that the debt you are seeking will be incurred as a family obligation under Wisconsin law and that your marital property may be subject to liability under this obligation.

If the lender approves your client for a short sale, he is able to get out from under the debt of his properties and incurs less damage to his credit than if the lender foreclosed on him.

Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property «subject to» the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device.

These advantages are: to save your home from foreclosure; to reschedule secured debts; to provide protection for co-debtors; to consolidate your loans under one plan; to keep non-exempt property; to extend certain tax obligations, student loans, or other such qualifying debts; and to qualify for bankruptcy relief.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

Filing Chapter 7 or Chapter 13 Bankruptcy does not discharge all debts including student loans, current tax obligations, debts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supdebts including student loans, current tax obligations, debts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supdebts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supdebts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supdebts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supDebts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal supdebts), and child support or spousal support.

I'm currently carrying more debt than I normally would because of some expensive and needed renovations to my rental property, But I generally prefer to stay under 50 %, even 30 % of my total credit card limit.

Some advantages bankruptcy protection might offer a bankrupt debtor is that you can obtain an automatic stay which means the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment, filing might save your home, you can reschedule secured debts, you can receive protection for co-debtors you can keep all non-exempt property, you can consolidate all your loans under one plan, all or part of your loans may be completely forgiven, and you can extend certain tax obligations, student loans, or other such qualifying debts.

(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;

They are very sensitive to risk and under no circumstances will they extend loans to a property with a heavy debt burden.

Under Chapter 7, some of your non-exempt assets may be sold to pay off your debts, while other property is protected (exempt) and can't be sold (what property is exempt versus non-exempt depends on both state and federal law).

Most debts except: fines, penalties, compensation and forfeiture orders imposed by any court; any debt that has been incurred through fraud; student loans; any obligation to pay maintenance to an ex-spouse due under a court order (not Child Support Agency arrears or Child Maintenance Service arrears); and money owed to a creditor whose debt is secured on your property (such as a mortgage or secured loan).

Debts which are not eligible for discharge are listed under the Bankruptcy Code 11 U.S.C. § 523 and include fraudulent Actions, student loans (unless payment will impose an «undue hardship» to such an extent that the debtor will not be able to maintain even a minimal living standard), child and spousal support, current tax obligations, and debts from willful and malicious injuries to persons or property or debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or dDebts which are not eligible for discharge are listed under the Bankruptcy Code 11 U.S.C. § 523 and include fraudulent Actions, student loans (unless payment will impose an «undue hardship» to such an extent that the debtor will not be able to maintain even a minimal living standard), child and spousal support, current tax obligations, and debts from willful and malicious injuries to persons or property or debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or ddebts from willful and malicious injuries to persons or property or debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or ddebts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs.

Using this method, it's possible to own your properties free and clear of debt in under thirteen years.

Bankruptcy gives the borrower the option of surrendering the property back to the bank with no continuing obligation under the mortgage and no corresponding tax liability for the forgiveness of debt (usually a taxable event).

Failure to do so shall automatically result in loss of Member in Good Standing status, and if the debt remains unsatisfied or the property not returned within a 90 day period following the date of the same written notification, this may be cause for action for expulsion under the provisions of ARTICLE VIII, Sec. 2 (d) of these bylaws.

You have rights under the law, including the right to take action to get rid of debt, protect your property and restore your financial health.

When a couple decides to end their marriage, their marital property, as well as debts, must be split in a fair and equitable manner under Florida law.

Under Chapter 13 bankruptcy you may be able to keep most of your property and work out a debt repayment plan to catch up on past due debts.

Husband and Wife objected to the garnishment, claiming that the wages were community property under the revised agreement and could not be seized for a separate debt.

Under this Act the property of absconding debtor may be seized and taken by an order of attachment for the satisfaction of the person's debts.

Under s. 95 a court can order reapportionment to address any «significant unfairness» that may arise from an equal division of property and debt in light of the spouse's post-separation contribution.

Where the crypto tokens represent ownership or a security interest over an issuer's assets or any property, or a debt owed by the issuer, they may be regarded as securities under the Securities and Futures Act.»

Garnishment — A legal remedy whereby a debtor's property or money in the possession or under the control of a third person (garnishee) is withheld from the debtor and applied to the debt.

Selling the property under a short - sale will get you out of the property and the debt, but it will trigger your capital gain.

Power of sale is a different kind of default remedy: rather than taking title to your home, your lender simply sells it from under you and uses the proceeds to pay off your debts: mortgages, property tax arrears, property liens.

Under the Mortgage Forgiveness Debt Relief Act of 2007, people can sell their property in short sale and can pay off a part of their mortgage loan.

Debts forgiven that do not fall under the debt relief act include rental properties, business properties, 2nd homes and car loans.

An industry - backed study released earlier this year said exchanges under section 1031 lead to less debt and that 88 percent of the properties that are exchanged are later sold in taxable transactions.