Sentences with phrase «required by the bankruptcy»

You make payments only after filing the legal documents and the only payments you make are those required by your bankruptcy or proposal.

There's no question about the liquidation because it's required by the bankruptcy court.

Not exact matches

Briefly, PROMESA establishes an independent oversight board, provides for a bankruptcy - like debt restructuring process, and requires submission of a Fiscal Plan by Puerto Rico.

On the other hand, according to the Measures for the Administration of Securities Investor Protection Fund 《 證券投資者保護基金管理辦法 》, the functions of China Securities Investor Protection Fund (CSIPF, 中國投資者保護基金) include «indemnifying creditors as required by China's relevant policies in case a securities company is subjected to compulsory regulatory measures including dissolution, closure, bankruptcy and administrative takeover by China Securities Regulatory Commission (CSRC) and custodian operation» or «other functions approved by the State Council».

A few years ago, when the seventh largest corporation in America, Penn Central, was on the verge of forfeiting on hundreds of millions of dollars in short - term loans, the Federal Reserve saved hundreds of banks from bankruptcy — and the economy from catastrophe — by offering to cover all the loans required at that point to maintain stability.

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Before you file a bankruptcy case, you are required by the new law to have a one - on - one session with a government - approved credit counselor who will help you find other options besides filing bankruptcy.

In fact, it is so common that sometimes divorce decrees resolve issues of marital debt by advising or requiring the parties to file bankruptcy.

Navicore Solutions is approved by the Department of Justice's US Trustee Program to provide the credit counseling and debtor education required for anyone filing for personal bankruptcy.

GreenPath is approved by the U.S. Department of Justice to provide the bankruptcy counseling required to file Chapter 7 or 13.

An LIT is licensed by the federal government, and must have many years experience before they receive a trustee license, so you can be confident that they have the knowledge and experience to provide you with the bankruptcy help you require.

It is required, by the Bankruptcy and Insolvency Act, that you attend two counselling sessions in order to be qualified for a discharge from bBankruptcy and Insolvency Act, that you attend two counselling sessions in order to be qualified for a discharge from bankruptcybankruptcy.

Unless the bankruptcy or foreclosure was caused by situations beyond your control, we generally require two to four years to pass after the bankruptcy or foreclosure.

And yet at the same time the group promotes their bankruptcy counseling required by law for those that file bankruptcy.

By law, your trustee is required to notify all of your creditors within five days of your bankruptcy filing.

Covered Service Provider is the name given by the State of Nevada for the license required to perform Loan Modification services, Foreclosure Mediation services, Short Sale Negotiations and Bankruptcy Counseling.

In some cases a consumer proposal is a better option than a second bankruptcy, since by filing a proposal you have certainty over what you will be required to contribute during the process.

While rebuilding your credit after a bankruptcy can be slow and tedious and requires a ridiculous amount of patience and dedication, you may also be able to speed up your credit repair by disputing negative items on your credit report.

While the U.S. Department of Education has made a history in the last few decades by taking the stand that student debtors who file for bankruptcy be required to agree to some form of income - based repayment plan, a recent case has poked a big hole in that hot air balloon defense!

As required by law, Hoyes, Michalos & Associates Inc. gathers a significant amount of information about each person who files either a consumer proposal or bankruptcy with us.

You are not required to disclose information about your bankruptcy to any employer, and it can not be used by employers to discriminate against you.

About 30 to 40 days after filing the bankruptcy petition, you will be required to attend a hearing presided over by a bankruptcy trustee.

If your net income is over a pre-defined household income threshold set by the government, you will be required to pay 50 % of that surplus into your bankruptcy.

Also, interest may be added back on and your IP may be required by your creditors to petition for your Bankruptcy.

The BIA was changed in 2009 to mean that personal bankruptcy became more expensive by requiring anyone who earned above a certain amount to pay extra into their bankruptcy.

But the knowledge of exemptions is still important to chapter 13 debtors, since the Bankruptcy Code requires that chapter 13 plans, in order to be confirmed by the court, must provide as much payment to the debtor's unsecured creditors as these creditors would receive in a theoretical chapter 7 liquidation.

If it turns out that the best method for putting your debt behind you is bankruptcy, you're required by the federal government to undergo two sessions of credit counseling.

The law requires the credit bureaus perform their own credit repair by advising that a bankruptcy can remain on your credit report for up to 10 years.

A bankruptcy proposal requires that you earn a lender's trust by having at least two credit accounts.

According to Directive No. 11R2 - 2011 on Surplus Income, issued by the Office of the Superintendent of Bankruptcy, if the bankrupt's total surplus owing is less than $ 100 per month, they are not required to pay it, and therefore their bankruptcy will end in nine months, if they are a first timeBankruptcy, if the bankrupt's total surplus owing is less than $ 100 per month, they are not required to pay it, and therefore their bankruptcy will end in nine months, if they are a first timebankruptcy will end in nine months, if they are a first time bankrupt.

Reaffirmation agreements do not improve your credit score, are usually always made in favor of the creditors, are not required by law, do not guarantee you will pay for the loan, and the debts covered by them can not be discharged in bankruptcy.

If you do, you are required to abide by the community property laws when you file bankruptcy.

If financial hardship has forced you to look at personal bankruptcy protection, mpowered provides both courses required by the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act: the Credit Counseling session before you file and the Debtor Education course before your case is dbankruptcy protection, mpowered provides both courses required by the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act: the Credit Counseling session before you file and the Debtor Education course before your case is dBankruptcy Abuse Prevention and Consumer Protection Act: the Credit Counseling session before you file and the Debtor Education course before your case is discharged.

The means test you are required to pass before you can file a Chapter 7 bankruptcy, the simplest type of bankruptcy, is determined by being at or below the median income for a family your size in the area in which you live.

For over-indebtedness, I'll haircut my valuation by 100 % of the company's incremental debt (i.e. the debt reduction required to reduce interest expense to 15 % of EBITA)-- a clumsy but often effective measure of the operating / dilution / bankruptcy risks an investor faces with such a company.

In Texas, bankruptcy protects consumers against lawsuit from creditors, but that protection doesn't start until after you've undergone the mandatory credit counseling session required by the new bankruptcy laws.

Many attorneys offer free consultations, and they by no means require you to file for bankruptcy.

If your projected disposable income over a five (5) year period exceeds your unsecured non-priority debts by more than 25 percent, you generally will be required to pursue a Chapter 13 repayment plan rather than obtain a Chapter 7 bankruptcy discharge.

Although it's not required by law to retain a Bankruptcy Lawyer in order to File Bankruptcy in Minneapolis there are many advantages to doing so.

Before you file a bankruptcy or a consumer proposal, you are required to be personally assessed by a licensed insolvency trustee, like me.

Debtors who file Chapter 13 bankruptcy are required to create and propose a debt repayment plan to be approved by the bankruptcy court.

The firm may require additional funds for client advances if it accepts a major piece of litigation; by adding a new bankruptcy practice, collections will be slower and courts often withhold a reserve.

Upon receipt of this notice, the Registrar was required to refuse to issue or renew the debtor's vehicle permit until he or she was notified by ETR that the debt and related fees and interest were paid, even if they had declared bankruptcy.

SCCJC legislation would require claimants, during discovery in state asbestos tort actions involving a solvent defendant, to disclose asbestos trust claims that have been submitted or could be submitted on behalf of a plaintiff to an asbestos trust entity established by a U.S. Bankruptcy Court.

Deciding whether or not to file for bankruptcy requires a lot of thought on your behalf; however, your thoughts may be skewed by worries about past - due bills and the unsettling threats of angry creditors.

The Cochran Firm Atlanta Bankruptcy reserves the right to disclose any information that it obtains through The Cochran Firm Atlanta Bankruptcy Web site to appropriate governmental or regulatory authorities, if required by law or any governmental agency.

The Ohio General Assembly this week passed Amended Substitute House Bill 380, which requires the full disclosure of all asbestos bankruptcy trust claims made by plaintiffs with asbestos lawsuits in Ohio.

Once the company goes into bankruptcy procedures, government hasn't withdrawn completely, and on the one hand, all sorts of bankruptcy matters require coordination and cooperation by many government departments, and on the other hand government will give instructions and suggestions about bankruptcy work, considering the needs of the local economy, stability, and other interests.

A bankruptcy court in California recently issued sanctions against an attorney who filed electronic documents without retaining an «original» of the documents as required by the Rules — because the documents held by the attorney were signed using Docusign, and they did not qualify as...

Is directly involved in a merger, acquisition, government required product recall, or bankruptcy proceedings and must be currently employed by the company that is involved in said event;