Sentences with phrase «questions of the debtor»

Not exact matches

In analyzing the potential consequences of a personal bankruptcy, one of the questions is whether the debtor have too much income to qualify for chapter 7.

A filing debtor recently blogging on a bankruptcy forum website asked the following question: «Form 22A Part II line 8 asks for «Any amounts paid by another person or entity, on a regular basis, for the household expenses of the debtor or the debtor's dependents.»

As an example, a filing wannabe debtor asked these questions on a bankruptcy forum website today concerning the 90 day rule: «Does anyone know from their experience, if the 90 day rule applies to payment of monthly rent, car note, and utilities?

In this case, the trustee filed the AP because the property in question had enough equity to be liquidated to pay off the unsecured debts of the filing debtor.

One such debtor recently posted this question about her husband's job: «We are preparing to file Chapter 13, and the one question I have revolves around the fact my husband works for a large retail corporation, and one of the credit cards that will be discharged ($ 2,800) was issued from his company.

Potential bankruptcy debtors should understand that if they file a case, and the debtor has debts that may fall into one of the above - mentioned categories, the real impact of these non-dischargeability provisions are that if the debtor believes that the debt should be discharged, it is up to the debtor to bring an action in bankruptcy court, after the debtor has received her general discharge, to determine whether the debt in question is discharged.

A meeting of creditors is held soon after the filing, which the debtor must attend to answer questions about his or her case.

Even though the organization claims to help students who owe, if a debtor did not ask the right question, they would not be offered a certain type of aid.

Before answering that question debtors should be aware that with many of the credit card debt reduction firms how to accumulate the debt settlement money would not be an option.

Before I answer either of these questions, I tell my clients that a bankruptcy discharge is the ultimate goal for any debtor in a bankruptcy case and it is my job as an attorney to assist you through the bankruptcy process to achieve that goal.

This analysis of student debt does not address the broader question of which factors may be leading student debtors to carry more overall debt.

However, many of the loans in question had been given to student debtors over a decade ago by a multitude of banks.

The question, asked in the bankruptcy context, is whether the reorganized debtors can afford to replace their current «self - bonds» (in which the company pays for the reclamation of the site) with reclamation bonds backed by third parties.

In a blog post discussing the involvement of solicitors in pseudonymous law firms like those alleged to be used by the banks, Richard Moorhead has observed, among other things, that «there is a substantial risk that the solicitors who signed or were involved in the production of the letters have breached their obligation to act with integrity» and that «there is a question over whether Outcome 11.1 (rule 11.1 in effect) has been breached that is solicitors must not, take unfair advantage of third parties [the debtors] in their professional capacity.»

If you have questions or need more information about enforcing a judgment, visit the Self Help Center or check the Debtor / Creditor page of this site.

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.

The question raised in Clark v. Rameker, whether inherited IRA funds are exempt from a debtor's bankruptcy estate, stands at the crossroads of financial planning and bankruptcy law and could be relevant to anyone with an IRA designating a beneficiary and anyone designated as a beneficiary in an IRA.

Des Moines, IA (Law Firm Newswire) April 8, 2013 — One of the most common questions debtors have when they speak to an Iowa bankruptcy lawyer is «What is involved in foreclosure?»

The question being: a) Was the debtor aware of the Order; b) Did the debtor refuse or neglect to comply notwithstanding being aware of the Order; and c) Did the debtor have the ability to comply with the Order (keeping in mind that, for example, in Parent, the «ability» was based not on his income, but it appears, his «potential» income, which may run afoul of the Alberta Court of Appeal decision in Hunt v. Smolis - Hunt.)

From the debtor's side, you may be questioning the credibility of the debt collector's demand letter.

Last week, I posted a question about a somewhat complicated legal issue surrounding a DOT that was part of my father's estate that never got recorded, then the debtor / prior owner was able to go back, refi the property and let it foreclose 3 years ago.