Sentences with phrase «purpose of bankruptcy»

The first thing you need to remember is that the entire purpose of bankruptcy is to get your financial life back on track.

The whole purpose of bankruptcy is that the country is better off, you too, of course, if you have money to feed your children.

The applicable student loan debt service threshold is 20 % — which means that for purposes of her bankruptcy petition, the maximum amount this debtor could dedicate to student loan payments for the year in question is $ 2,441 ($ 203.41 per month), or 6 % of her gross income.

The applicable student loan debt service threshold is 20 % — which means that for purposes of his bankruptcy petition, the maximum amount this debtor could dedicate to student loan payments for the year in question is $ 6,441 ($ 536.75 per month), or about 11 % of his gross income.

The applicable student loan debt service threshold is 20 % — which means that for purposes of her bankruptcy petition, the maximum amount this debtor could dedicate to student loan payments for the year in question is $ 4,733 ($ 394.41 per month), or about 12 % of her gross income.

For purposes of bankruptcy, disposable income means what you have left over after subtracting allowed expenses from your gross earnings.

The purpose of a bankruptcy or consumer proposal is to eliminate most or all of your debts so that you can focus on creating positive and lasting financial habits to avoid incurring more debt in the future.

That's really the purpose of the bankruptcy system, to be legally released from your debt obligations when it is not possible to pay them in full.

There are two purposes of bankruptcy.

The purpose of the bankruptcy petition is to allow the United States Bankruptcy court to properly assess the debtor's ability to file bankruptcy.

One of the purposes of bankruptcy law is to promote financial stability.

The purpose of bankruptcy law is to provide a framework in which both individuals and businesses can resolve debt obligations they can not otherwise meet.

Part of the purpose of a bankruptcy filing is to stop debt collection activities with the automatic stay.

Although the costs are not insignificant, the purpose of bankruptcy is to provide those struggling with debt a fresh start.

Keeping a credit card defeats the purpose of the bankruptcy and provides an opportunity to take on additional consumer debt while trying to eliminate old debts.

Remember that the purpose of bankruptcy is to give you a chance for a fresh start and it's a lot easier to start over if you're not homeless.

The purpose of bankruptcy is to provide an individual with a fresh financial start.

Second, s. 22 (4) frustrates the purposes of the bankruptcy and insolvency system.

Moreover, the Supreme Court found that the wife's equalization claim had been correctly framed as a «provable claim» (i.e. a debt) for the purposes of the Bankruptcy and Insolvency Act (the BIA).

And Paul makes a good point on side agreements, attempting to circumvent the purpose of the bankruptcy laws.