Sentences with phrase «qualify under the chapter»

If you can not qualify under the Chapter 7 means tests, you will be forced to seek Chapter 13 bankruptcy relief.

To qualify under Chapter 13, an individual must have unsecured debts (those not backed by collateral to guarantee their repayment) of less than $ 100,000 and secured debts (debts backed by collateral, such as a house mortgage) of less than $ 350,000.

To file for Chapter 7 bankruptcy, you must qualify under the Chapter 7 means test.

Not exact matches

The primary reasons consumers choose a Chapter 7 bankruptcy if they qualify under bankruptcy law is they could keep some assets and they can bring their credit score up much quicker than if they filed a Chapter 13.

But, if you do not have many assets, you do not have a mortgage, you just want to get out from under the burden of your debts, and you qualify, you may want to consider filing a chapter 7 bankruptcy.

The Means Test was designed to determine whether or not you qualify to file a case under chapter 7 of the Bankruptcy Code, and if not, how much you need to pay your unsecured creditors in a chapter 13 case.

No credit counselor shall be granted a permit pursuant to this chapter unless qualified as an exempt organization under section 501 (c)(3) of the Internal Revenue Code [FN1].

So long as you qualify for the bankruptcy chapter under which you file, most consumer bankruptcies filed with the help of an attorney are discharged — and you'll pay pennies on the dollar for your debt.

Not everyone will qualify to file Chapter 7 under the Bankruptcy Code's «means test» and certain types of debt can not be discharged or wiped out (such as most federally guaranteed student loans, many taxes and any outstanding family support obligations).

In deciding whether or not you qualify to file a Chapter 7 without taking the means test under this law, you must consider all your secured and unsecured debts, both consumer and non-consumer types.

Amendments to the Bankruptcy Code enacted in to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 require the application of a â $ means testâ $ to determine whether individual consumer debtors qualify for relief under Chapter 7.

whether the consumer credit transaction or other transaction is made under the provisions of the National Housing Act, or where the creditor is exempt from licensing under this chapter, (ii) where the credit transaction is not a consumer transaction, (iii) where the credit transaction is by a trust institution as defined in Section 5 - 12A - 1 (1), in its capacity as a fiduciary under any plan or agreement qualified under 26 USC 401 (a) or defined by 5 USC 8437, 26 USC 403 (b), or 26 USC 457, or a trust exempt under 26 USC 501, or (iv) to any municipal pension system created under the laws of the State of Alabama.

By the definitions above, if your income is less than the state median, you do qualify to file for bankruptcy under Chapter 7.

While the Chapter 7 means test has made it more challenging for some debtors to qualify for a Chapter 7 discharge, many consumers still qualify under the means test, especially if they understand bankruptcy law or have sound legal advice from a qualified bankruptcy attorney.

To qualify for protection under Chapter 13, you must have an income that is higher than your reasonable living expenses.

In New York, you can file under chapter 7 (also known as liquidation bankruptcy), chapter 9 (only for municipalities and governmental units), Chapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or ichapter 7 (also known as liquidation bankruptcy), chapter 9 (only for municipalities and governmental units), Chapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or ichapter 9 (only for municipalities and governmental units), Chapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or iChapter 12 (only for those who qualify as family farmers), chapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or ichapter 13 (debt repayment chapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or ichapter) and Chapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or iChapter 11 (reorganization chapter available to businesses and individuals who have substantial assets or ichapter available to businesses and individuals who have substantial assets or income).

M. (Ted) Dealey Purchase Prize of $ 350 Mrs. Alex Weisberg Award of $ 100 Dallas Chapter of A. I. A. Award of $ 100 Ethel May Brodnax Memorial Award of $ 100 given by the Universal Life and Accident Insurance Company Vivian Stanley Memorial Award of $ 25 for watercolor given by the Dallas Artist League and additional $ 25 cash and supply awards to be announced ENTRIES Artists qualifying under requirements set out above may submit the following: 2 works in either painting or sculpture or a combination of 1 painting & 1 sculpture and 2 drawings in any medium (except pastel, which should be submitted as a painting medium.)

The Supreme Court analyzed the issues in Altman and determined that although the Chapter 558 process did qualify as a «civil proceeding» under the policy, it did qualify as a form of «alternative dispute resolution» and therefore met the definition of a «suit» under the policy.

There's no means test for Chapter 13 bankruptcy, and some debtors who can not qualify for Chapter 7 bankruptcy opt to file under Chapter 13 bankruptcy instead.

If after applying the marital adjustment deduction you still do not qualify for a Chapter 7 bankruptcy, you may be permitted to file under Chapter 13.

Two options were explored for reaching parents with the program: Chapter I pilot schools (schools which qualify for federal funds based on economic and achievement criteria, e.g. those which serve a high number of free or reduced - price lunches and also have a large number of children under - achieving on group tests), and adult education programs.

(3) The board of behavioral health shall adopt rules that qualify a licensee under Title 37, chapter 22, 23, or 37, to perform psychological testing, evaluation, and assessment.

(a) qualified members of other professions, such as physicians, social workers, lawyers, pastoral counselors, professional counselors licensed under Title 37, chapter 23, marriage and family therapists licensed under Title 37, chapter 37, or educators, from doing work of a psychological nature consistent with their training if they do not hold themselves out to the public by a title or description incorporating the words «psychology», «psychologist», «psychological», or «psychologic»;

A person licensed under this chapter who is qualified as determined by the board may practice hypnosis as defined in s. 485.003 (1).

However, you meet this test if you can't claim the exemption only because the noncustodial parent can claim the child using the rules described in Children of divorced or separated parents (or parents who live apart) under Qualifying Child in chapter 3, or referred to in Support Test for Children of Divorced or Separated Parents (or Parents Who Live Apart) under Qualifying Relative in chapter 3.