Sentences with phrase «protected under bankruptcy»

Property is typically protected under the bankruptcy laws with the appropriate bankruptcy plan.

Also, if you would need to use assets to pay off your debts that would otherwise be protected under a bankruptcy filing, such as the equity in your home or the money in your retirement account, bankruptcy may be your best option.

But it does appear that loans used other than for education are not protected under bankruptcy.

Not exact matches

Chapter 9 protects financially distressed municipalities from creditors while their debts are resolved under the direction of a bankruptcy judge.

You will want to discuss all of your options with your attorney or tax advisor before taking action, especially if creditor protection is a concern for you, as the Supreme Court has ruled that Inherited IRAs are not protected under federal bankruptcy laws (although state law creditor protection of inherited IRAs still varies).

Be sure to note that under a Chapter 7 bankruptcy, most debtors keep their property — so your assets most likely will be protected.

Your home is not protected, as it would be under bankruptcy protection, so your mortgage may go into foreclosure and you are more likely to lose your house.

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.

Under the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), both Roth and traditional IRAs are protected up to $ 1 million combined, and this amount is adjusted for inflation every three years.

A protected trust deed prevents you from applying for your own bankruptcy or for a debt payment program under the Debt Arrangement Scheme.

There are exemptions under the law that protect your furniture, your personal possessions, musical instruments, sports equipment, cars, so most people that have to file bankruptcy aren't looking at losing anything.

there are exemptions under the law that protect your furniture, your personal possessions, musical instruments, sports equipment, cars; so people that have to file bankruptcy aren't looking at losing anything.

Under the bankruptcy I was told by my lawyer that my student loans would go into the automatic stay and be protected there until the discharge of my other debts was granted.

Your primary vehicle may be protected from seizure if it meets certain criteria under the bankruptcy laws in your state.

Inherited IRAs are not protected from creditors under the bankruptcy code.

Bankruptcy protects consumers against lawsuits from creditors, but the extent of protection isn't as much under the new bankruBankruptcy protects consumers against lawsuits from creditors, but the extent of protection isn't as much under the new bankruptcybankruptcy laws.

While, non-exempt assets are not protected assets under bankruptcy law and can be sold to pay down your debt, careful bankruptcy planning with an experienced Massachusetts bankruptcy lawyer can usually result in all of your assets being exempt.

In reality, filing bankruptcy may be the real solution that people need to protect their homes and get their debt under control.

Prior to filing, Attorney Williams will conduct a liquidation analysis to ensure that your assets will be protected by the exemptions that are available to you under the bankruptcy laws.

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.

After that, if the seller wants to undo the sale because the company buying the policy goes bankrupt, he or she can sue under contract law, but bankruptcy typically protects such companies from litigation.

Your property may also be protected under certain state exemptions and should be with you when you emerge from bankruptcy.

A medical bankruptcy filing under Chapter 7 can protect your assets from repossession and stop wage garnishment.

Medical bills are among the top causes of people filing bankruptcy, but Somerville car insurance can protect you from being buried under debt.

Under the Bankruptcy Abuse and Consumer Protection Act of 2005, 401k plan assets are generally fully protected if the participant files for bBankruptcy Abuse and Consumer Protection Act of 2005, 401k plan assets are generally fully protected if the participant files for bankruptcybankruptcy.